This script is a variation from Auto Fibo retration. It makrs top and bottom prices. You can use to study the price action. The user can choose the line color, to show or not, the marks green and red The user can choose the minimal candles between top and bottom, by default is 17 The deep is the percentage of the diference about the last bottom/top from the previous one.
in which time frame 5 min/ 15 min/ 30min it wont repaint and give the best result
Steven_Trades_Ms
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Does a green/red marker pop up once that candle finishes? Or is it long after the actual move?
Sari_SSC
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repaint....
vvcv
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@Sari_SSC, c'mon people, if an indicator could show tops/bottoms, in real time, everyone would be making millions. There are no magic bullets, other than learning financials, studying how markets (forex; commodities; yields; fed rates) move in juxtaposition to each other, and price action to your traded market. Learn that stuff, and you'll see all you need on your charts are drawn trend lines, and support/resistance lines. Perhaps a stochastic, rsi or volume based indicator to 'help' verify your drawn lines.