Alex_Semi_Auto::Fib_Retracement

This script can help traders draw Fibonacci retracement semi-automatically by adjusting the parameters in the input section.

Traders can edit Retracemet Number to find the target price in a market trend.

For example,


I wanna make an analysis with Fibonacci retracement to find the retracement ratio in an uptrend, but the default parameters are not set appropriately.

Consequently, I set up "Sample Depth" from default value (80) to 200 as the figure below.


Now, I observe that the retracement ratio is about 61.8%, so I set up "Retracemet Number" from default value (0) to 0.382.


Then, "Retracemet Number" and target price are marked as the figure above.

This is a paid script , to get the access, please PM me on Tradingview.

If you are a member in my Telegram group, you can have a 30-day free trial.