This script is a new version of "FibLines" which automatically draws Fibonacci Lines on chart. 0% line and 100% line are determined by "Period" and "Delay" parameter.
βParams - Period: specifies periods to detect the highest (bearish) fractal and the lowest (bullish) fractal. - Delay: specifies the number of new bars you ignore.
wow this is an awesome indicator :)
thank you for creating this tool and for sharing it with the community...
I have been using your version one for a few weeks
made my day to find you have a version two that also does fib extensions
thanks again for your hard work
good luck !!!
@GarethSA, I don't think the results of the TV fibs calculations are correct.
For example, the 50% line.
(176.03 + 216.63) / 2 = 196.33 (TV fibs values is 195.30)
GarethSA
β
@100kiwi,
Well why would theirs be wrong?
Maybe you should test on your screen and send them the info to fix