OPEN-SOURCE SCRIPT
24-Hour Volume and Fibonacci Levels Strategy
Explanation:
24-Hour High and Low: The script tracks the highest and lowest prices within the past 24 hours.
Fibonacci Levels: It calculates the Fibonacci retracement levels (23.6%, 38.2%, 61.8%, and 78.6%) based on the high and low of the past 24 hours.
Volume: The script plots a 20-period simple moving average (SMA) of the volume to give an indication of the market's activity.
Plotting Fibonacci Levels: The Fibonacci retracement levels are plotted on the chart with distinct colors.
24-Hour High and Low: The script tracks the highest and lowest prices within the past 24 hours.
Fibonacci Levels: It calculates the Fibonacci retracement levels (23.6%, 38.2%, 61.8%, and 78.6%) based on the high and low of the past 24 hours.
Volume: The script plots a 20-period simple moving average (SMA) of the volume to give an indication of the market's activity.
Plotting Fibonacci Levels: The Fibonacci retracement levels are plotted on the chart with distinct colors.
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