OPEN-SOURCE SCRIPT

Fibonacci Oscillator (Expo)

█ Overview
The Fibonacci Oscillator is a multi-faceted oscillator designed to provide traders with a comprehensive understanding of market trends and retracement points. Built on the Fibonacci ratios, it combines the functionalities of popular oscillators like RSI and MACD with unique insights into the market structure. This oscillator not only helps identify trend direction but also pinpoints overbought and oversold levels, making it an essential tool for various trading strategies.

█ How to Use
Identify Trends
Use the oscillator to identify the direction of the market trend.

Identify Retracements
Use the oscillator to identify the retracements.

█ Settings
Fibonacci Settings

These settings let you customize the Fibonacci level to focus on, thereby allowing you to tailor the oscillator according to your trading preferences.

Oscillator Settings

You can also choose between different oscillator types (RSI, MACD, Histogram) and adjust their respective settings like lengths, signals, and colors.

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