Concerns Rise Over TradingView's Fibonacci Tool Bug Allegations
A user's claim has surfaced alleging that TradingView's Fibonacci retracement tool has had a bug for over five years, raising significant concerns among traders.
Summary
The chart analysis platform TradingView is facing allegations of a recurring bug within its Fibonacci retracement tool. These claims, first made by self-identified Elliott wave analyst Cryptoteddybear, suggest that TradingView’s calculations are flawed when using logarithmic charts, a point he emphasized in a recent YouTube video.
In his tweet from June 13, Cryptoteddybear expressed concerns regarding the impact of this bug on Elliott wave trading strategies. TradingView acknowledged the issue via their official Twitter account, stating that it is currently being investigated.
“Thank you @tradingview for finally taking this issue seriously.”
*“Gracias @tradingview por tomar este problema en serio finalmente.”
The initial reports of this bug date back to November 2014, with claims that they have gone largely unaddressed, despite acknowledgments from TradingView.
Cryptoteddybear has communicated with a company representative, who allegedly assured him that steps would be taken to prioritize a resolution.
Additionally, TradingView has recently introduced new features, such as the CIX100 index, an AI-driven metric for evaluating the top 100 cryptocurrencies.
As of now, there has been no commentary from TradingView regarding this situation.
