IT_TrendFibs

The IT_TrendFibs indicator automatically places fibonacci levels created by trend swings. Fibs will be shown for the currently building swing in the current trend direction and also as a very current retracement on the far right. The trend lines can be displayed or not and additional fib levels can be added automatically if the feature is turned on.

Trend fibs showing historical fibs, entended fibs and the trend line.

If 'Show all fibs' is selected you will be able to see all the historical fibs. This, of course, can be handy when looking back through the trading day(s). Below is a clip of the settings available.

Trend fibs parameters

12/6/13 - Fixed the indicator to work with the new RJay's bars such as RenkoSpectrum2.

9/27/13 - Corrected a bug that affected removal of old extensions.

2/8/12 - Added the ability to turn off 'Retracement' fibs or 'Trend' fibs.