This script uses fibonacci retracment methodology to calculate various levels that can be used by traders intraday. The retracements plotted are as follows: 0/LOD, 23.6, 38.2, 50, 61.8, 78.6, and 100/HOD. The script also has additional functionality as described below:
- Dynamically changing fibs when a new HOD/LOD is made.
- Labels for each retracement level
- Ability to toggle labels off for each level
- Ability to choose what market hours fibs take data from (make sure the time makes sense for the candle - i.e. 15-minute increment if using 15-minute chart)
- Ability to remove all labels
- Ability to choose colors/style for each individual level
- Ability to choose colors for each individual label