Unlike the standard time replacement, this indicator shows the lines on the base of the fib's levels, e.g. 0,382, 0.5, 0.618 and so on.
How to use the indicator:
1) Decide at which bar you want to have the first line drawn and how long must be the distance to the 1.000 line. You can use the ruler tool to measure the length of the period in bars:
Remember the date/time and the number of bars.
2) Then apply the FIBTIME indicator on the chart. Enter the date in mm/dd/yyyy format, time in hh:mm format for the bar which the place of 0.000 line and the number of bars to 1.000 line. Change levels if you wish or set the level value to -1 if you don't want to see this level.
Apply the indicator.
3) Voila, the replacement levels are shown.
Download the indicator:
The indicator was revised and updated