Fibonacci Lines on Session v2
Description - Click here to view the full size chart
- This is the upgraded version of Fibonacci Lines On Session
- The user can now enter up to 10 fib percentages (like 0.5, 0.618, 1.618,
5.618, etc).
- The fib percentages below 1.0 (like 0.618) will be drawn between
the High and Low levels.
- The fib percentages above 1.0 (like 1.618, 2.75,
etc) will be drawn both above the High and below the Low.
This is a huge improvement to the indicator...much more flexible.
- Takes a user defined start time and session length and calculates the high and low range of that period of time on each day, and then calculates several key Fibonacci retracement and extension levels from that high and low.
- As you scroll back the chart, the indicator dynamically finds the most recent session (high and low) and draws the Fibonacci levels that were in play at that particular time.
Key Features
- Great for historical analysis
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