Draw Fibonacci Levels with Adoptive Donchain Channel Script

Hi TV Community.

I found the Adoptive Donchain Channel script by user HeWhoMustNotBeNamed to be very useful in drawing Fibonacci Levels. As this script holds the price channel for long, this enables us to draw Fibonacci levels that in my opinion show probable S/R levels much better and eliminates guess work in selecting the Fibonacci High and Low levels to draw the Levels.

I have explained in the chart itself on how it could be used.

Hope some of you find this script helpful in drawing Fibonacci Levels.

All the best
PriceCatch

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With ADC on your chart, you can effortlessly draw Triangles as shown in this example.