Fibonacci Disciples Auto Levels (ES/NQ/GC/NQ WIDE) - APPROVEDPVT

25 сент. 2020 г.

Every Index, every ETF , every sector started somewhere.

That starting point defines Zones that follow that Index, or ETF forever.

What i am saying is - everything you are trading has a pre-defined range of movement that was established when the stock Index became available to the market.

It is this range that defines specific levels that will always play a significant part in the movement of that stock, or Index for its entire lifespan.

This script will automatically multiply that original price range to the stock or index’s current real time value using Fibonacci sequence and a proprietary pre-calculated Fibonacci formula to draw custom Golden Ratios on your chart in real-time. Each gold line represents a new “Golden Ratio” that is, or has already emerged as price moves up and down.

This phenomenon becomes possible by sealing the gaps between Fibonacci Fractal retracements making each gold line a measured .618:1.618 Golden Ratio.

Having these unique Golden Ratios displayed automatically on your chart allows you as the Trader to always have a price target in mind rather than having to guess where price might be headed on a naked chart.

From there you are welcome to add your favorite moving average or any other tool you wish to help determine the overall direction of the trend whilst using these Golden Ratio targets for scalping opportunities. If you do not know how to identify fractal W’s and M’s may I suggest you utilize a public Williams Fractal tool to accompany this indicator script.

Due to the scalping nature of this tool it will be best used on all time frames from 1min up to 4hrs.

Each measured line is customizable to your liking. If you wish to see less you can unclick individual measurements. I suggest leaving the “Baseline” and each “.618%” line active.

You can also change the color of the lines if you wish.


If you would like access to this script you can either DM me on TradingView