Attn: Bonfire Indicator Users.
For those using Bonfire for squaring price and time you may notice the squares have turned to circles due to changes within Tradingview. This was the original way I used Bonfire but it was a little time consuming. You can verify this by researching the original Bonfire script that I published years ago...
As a temp fix, I have been brushing up on using squares that are tangent to circles. The original way I used to square price with Bonfire rings. First you scale price to fit price to circle then you manually build the squares to the tangents of the circles.
When setting up the Bonfire rings, I slide the scales left to right until I find the rings capture the price.
On this particular chart then drew circles from the (Bonfire centered) candle to match the rings on the indicator.
Make sure to lock the scale once you fit the price to the rings.
Then, align and draw squares tangent to circles.
As you can see, the squares you build can be used a quadrants as well.
As a temp fix, I have been brushing up on using squares that are tangent to circles. The original way I used to square price with Bonfire rings. First you scale price to fit price to circle then you manually build the squares to the tangents of the circles.
When setting up the Bonfire rings, I slide the scales left to right until I find the rings capture the price.
On this particular chart then drew circles from the (Bonfire centered) candle to match the rings on the indicator.
Make sure to lock the scale once you fit the price to the rings.
Then, align and draw squares tangent to circles.
As you can see, the squares you build can be used a quadrants as well.
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