OPEN-SOURCE SCRIPT
Updated Auto Fibonaccing File Mignon
Script with Fibonaccing and File Mignon from Marco Rossi, plots the maximums and minimums of 5 days ago as a reference
Release Notes
This indicator automatically draws Fibonacci levels based on the highest and lowest prices of the last N days (default is 5 days, excluding the current day).It includes traditional Fibonacci levels such as 23.6%, 76.4%, -11.8%, and 111.8%, and also offers extended levels 141.4% and 161.8% for deeper projections.
✅ Customizable line thickness, colors, and label display
🔄 Option to invert the Fibonacci direction (e.g., from low-to-high or high-to-low)
📅 Automatically updates based on daily price action
Perfect for swing traders and technical analysts looking to spot potential reversal zones or continuation targets based on price retracements and extensions.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.