Auto Fib
Took the code from LazyBears rsi-fib and made it so you could apply it to a chart. It plots fib levels between the high and low of a timeframe of your choosing. Seems to line up well with custom drawn fib levels.
Not sure if it's any better than just drawing the lines yourself, but whatever.
Not sure if it's any better than just drawing the lines yourself, but whatever.
study(title="FibFib", shorttitle="AutoFib", overlay=true) fiblength=input(265) maxr = highest(close, fiblength) minr = lowest(close, fiblength) ranr = maxr - minr ON=plot( maxr , color=black, title="1") SS=plot( maxr - 0.236 * ranr, title="0.764", color=#3399FF ) SO=plot( maxr - 0.382 * ranr, title="0.618", color=blue ) FI=plot( maxr - 0.50 * ranr, title="0.5", color=lime ) TE=plot( minr + 0.382 * ranr, title="0.382", color=green ) TT=plot( minr + 0.236 * ranr, title="0.236", color=red ) ZZ=plot( minr , title="0", color=black ) fill(ON,SS, color=red) fill(SS,SO, color=#3399FF) fill(SO,FI, color=lime) fill(FI,TE, color=lime) fill(TE,TT, color=#3399FF) fill(TT,ZZ, color=red)