Fib High Low Points

This is a simple indicator which plot high and lows based on Fibonacci sequence.
Best part of this indicator is it don't rewrite itself once it got plotted on the chart, which make it unique from other High low indicators.

Release Notes

added comments

Release Notes

Added instructions For batter understanding.

Release Notes

Color has been changed and a new calculation method is added. There is no need to change the inputs now current inputs work best with all timeframes.
NOTE: This is not a magic indicator. Don't think this will make you money single-handedly. You can use it to enhance your strategy or use mine (elaborated above) to catch a good trade.
Have a look at this, a perfect example of a Sniper Entry. Enable desktop site mode if you are a mobile user.
Copy this link: "tradingview.com/chart/EURNZD/vmnbqAa9-EUR-NZD-Entry-using-Fib-HL/"

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

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