OPEN-SOURCE SCRIPT
MG - Fibonacci Alerts - 1.1
Updated version of 
Allows users to receive alerts when price reach a new Fibonacci level.
By default, the Fibonacci levels extend upwards. This can be changed to extend downwards by unchecking 'Extend Upwards' option.
Usage:
- Perform a Fib extension analysis and determine a high value, low value and direction of extension
- Add indicator and specify these values
- Optionally, to view the levels used by the indicator on the main chart, copy the indicator source and:
- Set overlayed = true
- Set highPrice and lowPrice to your determined values (optional, but will save re-entering them later)
- Add to chart
- This will show you the exact levels used by the indicator
- Set overlayed = false
- Remove and re-add the indicator
Allows users to receive alerts when price reach a new Fibonacci level.
By default, the Fibonacci levels extend upwards. This can be changed to extend downwards by unchecking 'Extend Upwards' option.
Usage:
- Perform a Fib extension analysis and determine a high value, low value and direction of extension
- Add indicator and specify these values
- Optionally, to view the levels used by the indicator on the main chart, copy the indicator source and:
- Set overlayed = true
- Set highPrice and lowPrice to your determined values (optional, but will save re-entering them later)
- Add to chart
- This will show you the exact levels used by the indicator
- Set overlayed = false
- Remove and re-add the indicator
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.
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