█ This indicator shows a Multi Timeframe automatic Fibonacci retracement levels. This indicator is built using pivots from a user-selected timeframe to draw and orient the Fibonacci retracement. Fibonacci analysis uses a logical sequence of numbers to predict trends and price action.
█ Usages: The Fibonacci retracement is used to identify hidden support and resistance levels that an investor can use for entry, exit, and stop placement. Depending on your usage, you can track breakouts above and below retracement levels to provide early entry points for major breakouts and breakdowns. Higher timeframe Fibs allow you to have more relevant and weighted signals.
█ Features: Choose Timeframe Choose Fib levels Color Fib Levels Individually Color Fib Levels all in one
█ Parameters: Timeframe: The Timeframe chosen. Left Bars: A parameter used to calculate pivots. Right Bars: A parameter used to calculate pivots. UI Settings: Select Fibs levels and colors.
Thanks a lot for sharing. Is that possible to select the bars based on time such as 09:00 and x number of bars from existing chart - using such to get the High / Low of Fibo range?
Nagast
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thx bro I hope you can keep improving this amazin' script!
PulanozaurX
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I like how the script works, It only needs log scale to be perfect. Any plan to implement it?
Arun_K_Bhaskar
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Perfect
ukmpits
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@Fontiramisu Is there any future update Sir? Thanks mate
gkntr
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Thanks Sir for this valuable indicator. Is there any way we can see it on 1 minute charts. When you increase time frame like 5 days. You cannot see the retracement lines in 1 min graph
ArtemSP
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Many thanks, friend, for this work)) Previously, I had to spend time drawing fibo from pivot points, now I have it and I just watch it. Good luck with new developments))
HomelessToRich
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Thanks a lot. Very nice script like always. I want to combine 2 of your scripts they use the same import with different number one is 8 and this is 12 but I get an error. Did you know how to fix this ?
Fontiramisu
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@BlackMamba23, hey thanks! I'm sorry about that, what script it is? I will try to reproduce it. Thanks.
HomelessToRich
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@Fontiramisu, Thanks for the reply, It is Pivot Average [Misu] and Auto Fibo Multi Timeframe [Misu] when you combine this two scripts you get this error : Compilation error. More than one import uses the same alias: fontilab. Previous usage at line: 8