This toolkit aims to display multiple Fibonacci drawing tools including retracements, arcs, circles, fans, timezones and spirals.
Usage
Upon adding the indicator to the chart, users will be prompted to choose a starting point and an ending point for the calculation of the drawing tools.
Users can then navigate to the settings of the toolkit and choose which drawing tool to display using the Fibonacci drop-down menu. Users are also free to change the default Fibonacci ratios used by the indicator from within the settings. Each tool is described below.
Retracements
Fibonacci retracements display multiple levels constructed using the starting price point, ending price point, and multiple Fibonacci ratios. These levels can be used as support and resistance.
Arcs
Fibonacci arcs display multiple semi-circles. Each semi-circle crosses the line connecting the starting & end price point at a certain percentage determined by Fibonacci ratios. These arcs can be used as support and resistance.
Circles
The Fibonacci circles are similar to the Fibonacci arcs but display a full circle instead. Users can expect the price to bounce off of the circles.
This tool is less commonly used by traders.
Fan
A Fibonacci fan is a tool displaying trendlines all connected to a starting point and extending to a point determined by Fibonacci ratios. These can also be used as support and resistance.
Timezone
Fibonacci timezones return a series of horizontal lines. The distance of the lines increases by a factor given by the numbers in the Fibonacci sequence.
This tool can be useful to highlight points where a trend might reverse assuming that their duration increases over time.
Spiral
The Fibonnaci spiral displays a spiral that grows by a factor given by the golden ratio. This indicator returns a spiral using 7 turns (5 internal) and sets the origin of the spiral to the ending point which is selected by the user. The height of the spiral is based on the price range between the starting point and ending point.
Note that potential display artifacts can be seen when fitting the spiral on stocks and forex pairs.
This is a very nice build. Ill use it for the next project
mmikem32
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Feeling stupid...new to TV, how do you select a start and end time?
PlanDeFi
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This looks amazing and I lOVE all of your Indicators. But I attempted on multiple charts to open this indicator and nothing popped up in my indicator sidebar, so I cant set the start or end point. I get the little notification to select my start point but cant access the settings. Any ideas?
konkourd1000
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HI I subscribed to you, but your indicator was not activated on my trading view account
konkord1000
Regards
Rain5369
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Nothing but love for the things you do, i always recommend you stuff to newer people.
O wow this is very nice indeed :) beautiful work crazy cool thank you so much for sharing this script and thank you x999 for making the script open src so i can learn and grow form it
this is seriously a work of art merging ta with natural ratios using math to make art
huge fan of your work i would like this many more times if i could
Duyck
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Wonderfull stuff, Alex!! Truly amazing, in a very small package, as usual! ;-)