Took the code from LazyBears rsi-fib and made it so you could apply it to a chart. It plots fib levels between the high and low of a timeframe of your choosing. Seems to line up well with custom drawn fib levels.
Not sure if it's any better than just drawing the lines yourself, but whatever.
This is great, thank you. The most useful of all TView fib scripts yet so simple.
Should .764 be .786 or do you mean it as mainly negative .236?
d14b0ll0s
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@d14b0ll0s, BTW, what's the reasoning behind 265 as the look-back period?
Dj_Fresh
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@d14b0ll0s, I thought the same first glace, you in crypto bro? I am, I think this is more a forex tool as the 265 would be only weekdays that forex is operational... my guess...
d14b0ll0s
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@Dj_Fresh, yes, mostly crypto; length 52 on weekly should be pretty universal in my view
mastervotu
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@d14b0ll0s, how do you use this indicator ? and could you recommend any other indicator that works with this one