Hey guys I made this indicator that plots major and minor lows based on the candle duration since it's last seen a lower low or higher high.
I made this after watching a seminar and seeing it as a way to simply, easily and naturally find the plot points for fibonacci retracements and extentions.
Blue dots are Major, Purple are Minor.
The dots only appear if there has not been a newly established low or high in the default(13) periods (for Major) before or after that candle. This is done to make the pivot candle clear and less subjective. The periods are also changeable in the format icon.
Let me know what if you like/hate it. It's just another indicator and is only a visual tool. But I hope it helps. I hope it helps me as well!
On tradingview! under indicators it's called: Major Minor Fib Points.
Sorry first post not sure how publishing an indicator works.
AhmetAlperOzen
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Thank you ..
AhmetAlperOzen
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do you have a divergence indicator script?
benchch
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No I usually use stochastics to look for divergence. But i'm trying the macd 4c by vkno422 on tradingview also, because it seems like a lot of people endorse it on here.
I just looked for you and there already is divergence indicator on the indicators list on tradingview. But I haven't used so can't vouch for it. Check it out.
AhmetAlperOzen
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thank you for giving time to me ...
pradyumanhs22217
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Hi there
My question is if I’m using 1 hour timeframe on a chart how much early do I get the signal on it. Thanks in advance
jathant
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A Youtuber suggested this indicator in his video. I can't tell you how thankful I am for the Youtuber and you (benchch)... This indicator has helped me out a great deal with trading, especially with Bitcoin. I just wanted to thank you so much for creating this indicator and making it available on tradingview.
Jay
benchch
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@jathant, Oh cool. Glad to hear. What youtuber was it?