Daily Fibonacci Levels

The Daily Fibonacci Levels is an indicator designed for displaying the Fibonacci levels by days using horizontal lines.

Displayed levels:

• +100% (high)
• +61,8%
• +38,2%
• +23,6%
• average = (high+low)/2
• -23.6%
• -38.2%
• -61.8%
• -100% (low)

The indicator provides the ability to specify the hour to consider the start of the day. This may be necessary if the dates on the server are changed during the trading session.

Parameters

• StartHour — the hour for this indicator to consider as the start of a new day.