[JRL] MM Fibonacci

21 בנוב׳ 2020

This is a new indicator that uses Murrey Math formulas to find the tops and bottoms, then uses those tops and bottoms to draw long-term fibonacci retracement levels. The genius of Murrey was his geometric formulas to calculate the right place to start plotting the lines, but I think the fibonacci ratios typically seem more accurate than the MM line ratios. So in this script I attempt to take the best of each and combine them into a new, superior indicator.

Let me know in the comments if you find this useful. Cheers!

3 בדצמ׳ 2020

הערות שחרור

Added input option for label offset/positioning

3 בדצמ׳ 2020

הערות שחרור

Error correction