PBKO - Progressive Break Out 2.0
Progressive Fibonacci level, intercept support/resistance from lenght bars default 120 bars, best use to 1H chart
//Break Out level by Leonardo Ciaccio 2014 ---------------- study(shorttitle="PBKO 2.0", title="Progressive Break Out 2.0", overlay=true) //--------------------------------------------------------- //Input from user ----------------------------------------- length = input(120, minval=1) //--------------------------------------------------------- //--------------------------------------------------------- upper = highest(length) lower = lowest(length) FIBO_0_50 = (upper-lower)*0.5 FIBO_0_764 = (upper-lower)*0.764 FIBO_0_618 = (upper-lower)*0.618 plot(upper, color=olive, title='Upper') plot(lower, color=red, title='Lower') plot(lower+FIBO_0_764, color=#8DB8E3, title='FIBO 0.764/0.236') plot(lower+FIBO_0_618, color=#51C44D, title='FIBO 0.618/0.382') plot(lower+FIBO_0_50, color=#4C4EC2, title='Fibo 0.5', style=cross) plot(upper-FIBO_0_618, color=#51C44D, title='FIBO 0.382/0.618') plot(upper-FIBO_0_764, color=#8DB8E3, title='FIBO 0.236/0.764') //---------------------------------------------------------