The indicator plots the golden pocket (Fibonacci retracement 61% to 65%) of recent highs and lows. The golden pocket is calculated from the last high to the last low. The high and low are determined by the number of last bars. The golden pocket is used for trading as support and resistance.
The length of the past highs and lows can be determined by yourself. You can define three different lengths to find the highs and lows of the past.
Release Notes
The indicator plots the golden pocket ( Fibonacci retracement 61% to 65%) of recent highs and lows. The golden pocket is calculated from the last high to the last low. The high and low are determined by the number of last bars. The golden pocket is used for trading as support and resistance . The length of the past highs and lows can be determined by yourself. You can define three different lengths to find the highs and lows of the past. Update:
The GPs of the Hourly, Daily and Weekly are shown in all timeframes.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
![Golden Pocket Channel [by vistahr] — Indicator by vsthr — TradingView (2024)](data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mP8/h8AAvMB+NzmkbcAAAAASUVORK5CYII=)
