FIBO Easy Return

This indicator draws the longterm and the shortterm Fibonaccci levels based on highest highs and lowest lows.

Parameters for longterm and shortterm can be changed.

Default longterm: 200/100

Default shortterm: 50/50

It’s no surprise to see the candles bounce off the levels

Add the Indicator to your price.

Sorry for my basic english 🙂

// VAN SALT´s << FIBO EASY RETURN >> Version 20171105
// This Indicator draws the Shortterm and Longtern Fibonacci Levels based on two Highest High and Lowest Low
// Default Parameter Shortterm HH 50 / LL 50
// Default Parameter Longterm HH 200 / LL 100
// The Parameters can be changed!

defparam drawonlastbaronly = true

hhLT = highest[LongtermHH](high)
llLT = lowest[LongtermLL](low)
hh = highest[ShorttermHH](high)
ll = lowest[ShorttermLL](low)

LTfib236 = (hhLT-llLT)*0.236
LTfib382 = (hhLT-llLT)*0.382
LTfib500 = (hhLT-llLT)*0.5
LTfib618 = (hhLT-llLT)*0.618
LTfib786 = (hhLT-llLT)*0.786

fib236 = (hh-ll)*0.236
fib382 = (hh-ll)*0.382
fib500 = (hh-ll)*0.5
fib618 = (hh-ll)*0.618
fib786 = (hh-ll)*0.786

LTlevel236 = hhLT-LTfib236
LTlevel382 = hhLT-LTfib382
LTlevel500 = hhLT-LTfib500
LTlevel618 = hhLT-LTfib618
LTlevel786 = hhLT-LTfib786

level236 = hh-fib236
level382 = hh-fib382
level500 = hh-fib500
level618 = hh-fib618
level786 = hh-fib786


drawtext("                                                                <== LT HIGH",barindex,hhLT,SansSerif,Bold,12) coloured(0,0,204)
drawtext("                                                                <== LT 23,6",barindex,LTlevel236,SansSerif,Bold,12) coloured(0,0,204)
drawtext("                                                                <== LT 38,2",barindex,LTlevel382,SansSerif,Bold,12) coloured(0,0,204)
drawtext("                                                                <== LT 50,0",barindex,LTlevel500,SansSerif,Bold,12) coloured(0,0,204)
drawtext("                                                                <== LT 61,8",barindex,LTlevel618,SansSerif,Bold,12) coloured(0,0,204)
drawtext("                                                                <== LT 78,6",barindex,LTlevel786,SansSerif,Bold,12) coloured(0,0,204)
drawtext("                                                                <== LT LOW",barindex,llLT,SansSerif,Bold,12) coloured(0,0,204)


drawtext("                               < SHT HIGH",barindex-1,hh) coloured(153,0,0)
drawtext("                               < SHT 23,6",barindex-1,level236) coloured(153,0,0)
drawtext("                               < SHT 38,2",barindex-1,level382) coloured(153,0,0)
drawtext("                               < SHT 50,0",barindex-1,level500) coloured(153,0,0)
drawtext("                               < SHT 61,8",barindex-1,level618) coloured(153,0,0)
drawtext("                               < SHT 78,6",barindex-1,level786) coloured(153,0,0)
drawtext("                               < SHT LOW",barindex-1,ll) coloured(153,0,0)

RETURN hhLT coloured(0,0,204) STYLE(dottedline,4) as "LT HIGH", LTlevel236 coloured(82,139,139) STYLE(dottedline,4) as "LT 23,6", LTlevel382 coloured(105,105,105) STYLE(dottedline,4) as "LT 38,2", LTlevel500 coloured(0,205,0)STYLE(dottedline,4)as "LT 50,0", LTlevel618 coloured(200,170,0)STYLE(dottedline,4) as "LT 61,8", LTlevel786 coloured(255,51,153)STYLE(dottedline,4) as "LT 78,6", llLT coloured(0,0,204) STYLE(dottedline,4) as "LT LOW", hh STYLE(line,2) as "SHT HIGH", level236 coloured(82,139,139) as "SHT 23,6", level382 coloured(105,105,105) as "SHT 38,2", level500 coloured(0,205,0)as "SHT 50,0", level618 coloured(200,170,0) as "SHT 61,8", level786 coloured(255,0,0) as "SHT 78,6", ll STYLE(line,2) as "SHT LOW"