This indicator will create a Fibonacci Retracement Object on your chart, and auto-update its values.
You can indicate if you prefer to use the classic High/Low values, or the less classic Open/Close ones (price_type: 0 = High/Low, 1 = Open/Close).
You can also define how many bars to look back maximum (Band_period).
Indicator settings (Band_period, price_type)
Color settings
Image:
Auto-Fibonacci - AUDUSD H1, Period=72
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Hello Author,
a idea, can you a create this Fib, with an entry Point by amouseclick. After this, the fib shows the entrypoint automatically to the low, in the result: you have your best fib level, that you search.