ZigZag with Fibonacci Levels

Hello Traders,

This is "ZigZag with Fibonacci Levels" script. It finds the ZigZag , draw Fibonacci lines and put labels accordingly. I get many requests for this script, so here it is.

You can set ZigZag period as you wish. Bigger numbers (such 20, 30) may give better perspective and result.

It draws Fibonacci levels between 0%-100% and If the price goes higher/lower than 100% level than the script draws Fibonacci Levels accordingly. This means it draws Fibonacci levels until this levels get higher/lower than the price.

As an example:

if you don't want to see ZigZag Lines then you have option to disable it and see only Fibonacci levels:

You have coloring options for Zigzag , Fibonacci lines and texts:


リリースノート: Added Price Levels to the labels.
リリースノート: - You have now option to enable/disable following Fibonnaci Levels:
---> 0.236
---> 0.382
---> 0.500
---> 0.618
---> 0.786
- "Label Location" option added. Fibonacci levels can be shown at Left or Right. when the session is closed then labels at right may not be shown accordingly.

An example: some fibonacci levels disabled, also labeling at right.




Boy oh boy, this is a godsend.

Thanks! =D
100 コイン
+2 返信
Hi! Thank you for this indicator, having fib in the chart is very convenient. Is it possible though to have an option not to show the price level? Its too cramped for a multi timeframe layout.
100 コイン
Very Nice automation of the fib tool!!

Gr, JD.
+8 返信
@Duyck, Thank you mate :)
+2 返信
Thanks. Someone should make strategy from this!
+8 返信
Ismimin tarihe yazilmasi lazim Abi, ellerine emegine saglik....
+4 返信
@indifati, Abim makine gibi... durmuyor... Eline sağlık hocam <3
+1 返信
Just added fib to my charts. My my favorite guy makes one. Can trader life get any better? Lol
+3 返信
One more nice addition to your publications, thank you ^^
+3 返信
Tam bir kod makinasisin ustad. Eline saglik.
+3 返信