A trend indicator FiboBars Extended, the main purpose of which is to confirm the trend and cut off market noise. In his logic, he uses the Fibonacci sequence.
Two settings are used to account for noise suppression accuracy:
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. 您可以收藏它以在圖表上使用。