Basic Market Structure and Automatic Fibonacci Levels Indicator ThinkorSwim TOS Script – ThinkScript

Keywords List

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Summary

• Archive: https://archive.ph/wip/7xBbN Buy now $58 $199, Basic Market Structure and Automatic Fibonacci Levels Indicator ThinkorSwim TOS Script - ThinkScript Course.

• Description:Describing what you are looking for is rather easy.

• However, actually writing the ThinkScript for this indicator proved quite difficult.The basic market structure on any time frame are pivot highs and lows (also called swing highs or lows).

• A pivot high is a bar that has a higher high than the bar that came before it and the bar that comes after it.

• At least in the very short term, the bar’s high represents the high-water mark past which buyers were not able to push price, and can be considered a very minor source of potential resistance.