This script will search x-bars back, if it can find a triangle formation that meets certain Fibonacci ratios.
Based on the trend-based fib extension tool from the first high to the first low and then the 2nd high (in a bullish structure, inverse for bearish), we can predict the take profit levels.
The main target is the 0.618, first take profit is at the 0.236....
This is a simpler alternative to the auto-fibonacci indicators. Calculates the fibonacci levels based on the all-time high and all-time low prices. Candles are then colored based on the current closing price's relation to the 5 levels.
