ltf_timeframe: Specify the timeframe for candlestick data (e.g., 1H, 4H). Fibonacci Levels: Toggle Fibonacci level visibility (show_fib_levels). Customize Fibonacci line color (fib_color) and width (fib_width). Candlestick Data:
Fetches open, high, low, and close prices for the specified timeframe using request.security. Fibonacci Levels:
Calculates standard Fibonacci retracement levels (0.0, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%) for each candle's high-low range. Draws horizontal lines for each level using line.new. Candlestick Visualization:
Plots lower timeframe candles with customizable bullish and bearish colors. Key Features Dynamic Fibonacci Levels:
Fibonacci levels are recalculated for each candlestick's high-low range. Levels update dynamically with new candles. Candlestick Overlay:
Visualizes candlestick data from the specified timeframe directly on the current chart. Customizable Appearance:
Configure colors for Fibonacci levels, candlestick bodies, and wicks. Use Cases Microstructure Analysis: Analyze individual candlesticks with their Fibonacci retracements for potential support/resistance zones. Multi-Timeframe Trading: Overlay candlestick and Fibonacci data from a lower timeframe onto a higher timeframe chart. Let me know if you'd like further enhancements or explanations! 😊