OPEN-SOURCE SCRIPT
[MAD] Fibchannels
Updated
This is an indicator that gives you bands around the Fibonacci levels High/Low of the asset.
There are 3 time frames available so you can use the hourly, daily and weekly at the same time.
You can change the bands via selectable inputs to suit your own preferences.
you can as example combine with RSI or MACD to find a entry
There are 3 time frames available so you can use the hourly, daily and weekly at the same time.
You can change the bands via selectable inputs to suit your own preferences.
you can as example combine with RSI or MACD to find a entry
Release Notes
Added labels and reduction of the securitycallsRelease Notes
Bug fixing and some small features:Colors
Transparency for Lines (per Timeframe)
Thickness for Lines (per Timeframe)
Fills configuration is because of lacking more plots still on manual selection
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
djmad|Bitblockart
Disclaimer
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