MDP Automatic Fibonacci LevelsIndicator by M.Parker, UK
This script will automatically plot fibonacci levels on the chart based on a lookback period such as 252 on the daily chart (1 year).
It has configurable inputs for the lookback period, line width, colors and a label shift.
Automaticfibs
Automatic Fibonacci Retracement Golden Pocket (GP)Main info
This script automatically draws you the Fibonacci retracement level called golden pocket from the latest detected pivot point to the actual price. This level is very popular among traders because the price tends to reverse on this level pretty often. You should use this on higher timeframes 15m+.
It is good to keep in mind that this level alone is not enough, you should still have another level there to enter the trade, for example golden pocket in combination with a demand zone is pretty solid. :)
Settings
The length for pivot point calculation is available in the script settings.
You can enable inverted golden pocket (for shorts)
You can hide/show the pivot point labels
If you want any updates, just feel free to write me :)
autofibmodifiedThis is a slight modification,
The setting as it is marks the high and the low for the day, but can be adjusted to be a fib extension if you like.
You can just copy this script replacing the old one to add in the extra two lines.
