This Fibonacci tool is easier than the usual Fibonacci drawing. with this, we can use Fibonacci drawing by choosing 2 different candles as starting point and ending point
INPUT SETTING
Fibonacci type: we can choose the type option 1--> Fibonacci standard: 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 option 2--> Fibonacci musang displays multiple levels constructed using the starting price point, ending price point, and multiple Fibonacci ratios. these levels can be used as taking profit level and also to know the ending of trendline
Drawing point: we can choose the type how we want the tools to draw our starting and ending point at candlestick - wick to wick - wick to body - body to body
Thank you for this very useful tool 🙏 I never heard of Musang fibonacci before, interesting 🤔
abainvest
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@Indicator-Jones, yes, that is origin from Malaysia. if you are interested, you can search at youtube to know more
Indicator-Jones
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@abainvest, Thank you :) I would like to suggest 3 improvements to the script » 1. the "body to body" setting is not working right, if the start is a bearish/red candle the script selects the top (close) of the candle, instead of the bottom (open) here is a screenshot:
2. could you please include the values of the levels, so it says 1. 618 (27526.34), instead of just "1.618" 3. make font size customisable
That would be awesome! Thank you 🙏
Indicator-Jones
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fixed it myself. let me know if you want to update
karannnn
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How to use this indicator when i was applying this indicator in my chart its not working
Crypto_Popat
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can we auto draw it instead of manual input, on each timeframe get the recent swing to draw it?
yastech137
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Thanks for the good indicator is there any way to add the price for each level automatically?
abainvest
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@yastech137, so far not, you can move per candle instead to more precise
I never heard of Musang fibonacci before, interesting 🤔