Daily Auto Fibonacci Tool

Calculates Fibonacci retracements based on daily highs/lows, and further beyond that if specified. The main difference between this and other auto Fibbing tools is ease of visibility.

Options:

Take highs/lows from a few days back or take highs/lows from each daily candle
Hide retracements before today
Show labels for each retracement level
Hide/Show retracement levels
Change colors quickly and uniformly (in script)

Retracements used:
-0.382 / 0 / 0.236 / 0.382 / 0.5 / 0.618 / 0.786 / 1 / 1.272

Release Notes

Added toggle to show/hide on daily or higher timeframes

Release Notes

Use a single input to control text color.

Release Notes

Hid other indicators on chart

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

NeoButane

My published indicators: tradingview.com/u/NeoButane/

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.