Real author:
The indicator of the author LeMan β AllPivotPoint is taken as a basis.
The indicator builds levels channels beginning from the line of closing of previous day, on the basis of data of previous day: dayClose+(dayHigh-dayLow)*fibo*koeff. On Monday, except the level of closing of Friday, the level of opening of Monday is in addition drawn.
- mondayGAP defines how to build levels on Monday: if false β levels are drawn from closing of Friday, if true β from opening of Monday;
- Days number of days for plotting, counting of today. Zero β the whole days available in the history are processed;
- koeff allows to squeeze & stretch a grid of levels. I recommend to put Fibonacci’s numbers (0.34, 0.55, 0.618, 0.89, 1.44, 2.33).