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How hard would it be to create this: a box that has fib lines inside?
I don't know if it would be an indicator or script but here's what I envision:
I use monthly pivots and my indicator has no midpoints, so I use a fib tool to mark the 50% point between say, R1 & R2. I noticed that there is often a congestion area between the 61.8 & 38,2 levels. To make my chart easier to read and not have a million fibs all over the place I make a box around the 61.8 - 38.2 area and place a non-ray trendline inside, then remove the fib for a simple visual reference.. this ends up being very time consuming so I wonder if it's possible to have a way to automate the drawing of a bow something like as pictured below. Is this easy for a knowledgeable programmer? or a pain in the a$$? Thanks if anyone can point me in the right direction.
Cheers,
Taters