Auto Fib Retracement Alerts

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For the fibonacci traders.

The Auto Fib Retracement Is a good indicator for tradingview to show you the current alerts and points to watch in the market

IMPORTANT SETTING => Retracement
This controls your alert levels

I have modified it to deliver the following

+Custom Fib retracement level alerts
+Drawing of old levels and retracement levels
+Backtesting Old Alerts [You can visualize that with the shapes drawn]


There are two shapes drawn on the chart;
Shown When the fib end is attained and market retraces back to your level
1. Buy retracement -
2. Sell retracement


How are they detected?

When we have new levels in the market; this is when the red or gree line changes, we calculate the new fib level that we will be watching for retracement
This is the purple level drawn on the chart
When the market first crosses below or above this level, The alert will be fired.
Consequent crosses are not updated


Enjoy! 😍
Originally requested by trade atechproduction

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ملاحظات الأخبار

renamed indicator title for better identification in list of indicators