Update

The CTO of TradingView indicated that the allegations of a bug are incorrect, leading to a partial retraction of claims by the Twitter user.

A reported bug in TradingView’s Fibonacci retracement tool has raised concerns among users, ignited by a tweet from the self-identified Elliott wave analyst, Cryptoteddybear, on June 13. The tool appears to perform linear calculations incorrectly when applied to logarithmic charts, creating significant difficulties for users relying on Elliott wave tactics for market predictions.

Cryptoteddybear elaborated in a YouTube video, capturing the attention of TradingView’s official account after his report, prompting them to state they are looking into the issue.

“Thank you @tradingview for finally taking this issue seriously.”
“Gracias @tradingview por tomarte este problema en serio.”

Issues surrounding this glitch were initially reported over five years ago on a consumer feedback platform, but claims have allegedly gone unaddressed by the company. Notably, another post from June 2017 received a response stating they were aware of the problem and had plans for a fix.

Despite such assurances, the issue lingers. In recent claims, Cryptoteddybear mentioned a company source acknowledged prioritization for addressing the bug.

In a related recent article, TradingView is noted for launching the AI-based “CIX100” index for the top-performing cryptocurrencies. Moreover, Coin Metrics, a cryptocurrency analytics firm, made headlines by acquiring Bletchley Indexes, aiming to create smart beta indexes in the crypto space.

As of now, TradingView has not provided any comments regarding this ongoing situation.