Dynamic Fibonacci RetracementA simple fibonacci retracement tool that dynamically updates itself based on current price and previous retracement values.
Features the essential aspects of the built-in tool and more.
Auto Trendline
Auto Reversal
Auto Level Adjustment
Labels indicating retracement value
Customizable lookback range
The top and bottom levels will auto-adjust according to where price currently is, which will also affect fibonacci levels as it progresses.
Фибоначчи
Fibonacci compressionThis 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. In a strong trend, one can aim for the 1 fib ratio.
Once the 3 points are known, the script will already plot the take profit levels. It is better to wait until the full pattern develops with a 2nd lower high and a 2nd higher low.
The way I use it, is closing 20% at TP1, 80% of the remainder at TP2 and final close out at TP3.
Stop loss is the red line which will show up after a full pattern is formed.
Plot out the profit levels with the trend based fib extension tool, because once there's a break-out of the pattern, the script won't show the compression any more. (or use the replay button to go back in time to plot it again)
The volume label will appear once there's a divergence between the low and higher low or the high and lower high. It is based on my cumulative volume script. It only works well on timeframes above 4 hour, but volume in favor of a short, doesn't always guarantee a good short setup, so don't take it for granted.
It has around a 30 - 33% chance of hitting your TP2, so make sure the risk to reward is at least 3.
Happy trading!
ICT Killzones [LuxAlgo]This script highlights ICT Killzones on the chart along with Fibonacci retracements constructed from each Killzone's price range, allowing traders to find more optimal entries.
Settings
Killzone Retracements
Show Retracements: Determines whether Fibonacci retracements are displayed on the chart.
Extend: Determines if the retracements are extended outside the Killzone.
Reverse: Switches the maximum and minimum levels for the calculation of the retracements.
Other settings allow disabling as well as changing the retracement value and color.
Usage
Killzones are introduced by forex trader ICT and represent different time intervals that aims at offering optimal trade entries. Killzones include:
New York Killzone (7:9 ET)
London Open Killzone (2:5 ET)
London Close Killzone (10:12 ET)
Asian Killzone (20:00 ET)
Note that using timeframes superior to 1h can highlight incorrect intervals
Fibonacci retracements on an active Killzone are subject to changes, if no Killzones are active then the associated Fibonacci retracements will stay at their current level.
Disabling specific Killzones while having extended retracements will allow them to extend further. In the image above the New York and Asian Killzones are disabled.
OTE optimal trade entry (ICT); visible chart only: Dynamic-simple tool based on ICT free YouTube material of many years.
-Highlights a box showing Optimal Trade Entry (OTE): 61.8% - 78.6% retracement
-Auto shifts depending on Bull or Bear move on chart.
--If visible chart is Bullish (low then high): shows OTE box 61.8-78.6% retracement down from the high
--If visible chart is Bearish (high then low): shows OTE box 61.8-78.6% retracement up from the low
-Thanks the use of PineCoders Visible Chart Library, and some of the example code there
AutoLevelsAuto Levels is a Work in progress.
It is based on the previous days ATR and the current days opening tick.
It takes that info and uses Fibonacci to automatically draw key levels for the day.
I have added the BULL BAR ( Green bar ) and Bear Bar ( Red Bar ) to signal as a Go Long / Go Short line in the sand.
The Tan bars are also proven key "Take Profit" levels.
These are, on average, major points of reversals, dip buys or consolidation.
I use this on the 5min timeframe and a close above or below a key level is my signal and direction. Auto Levels have proven to be a great indicator of major support and resistance.
Gedhusek TrendFibonacciThis indicator is a trend filter based on fibonacci retracement levels
How to read:
- There are three filled zones --> red, yellow and green
- If the price is inside of red zone, there is a downtrend on the market
- If the price is inside the yellow zone, there is a sideways trend on the market
- If the price is inside the green zone, there is a uptrend on the market
- Also, candles are going to have a corresponding color based on the current trend
Calculations of the indicator:
1. Calculate distance between maximal and minimal price over the last "x" bars (choose value for "x" in inputs menu under the "Analysis period")
2. Use this distance for calculating two retracement levels (choose retracement levels in inputs menu)
3. These two retracement levels create an area of what is going to be considered as sideways market
Example:
- Lets say we chose Analysis period of 100, Lower Fibonacci Level as 0.382 and Upper Fibonacci Level as 0.618
- Maximum price over the last 100 bars was of 120 and minimum price was 20. That leaves us with the difference of 100 points
- Now we calculate the fibonacci levels --> 100*0.382 = 38.2 and 100*0.618 = 61.8
- The next step is to add the levels to the lowest price point --> 20 + 38.2 = 58.2 and 20 + 61.8 = 81.8
- And now we have our zones. If the price is going to be below the lower fibonacci level (in this case 58.2), we consider it as a bearish trend. If the price is between those fibonacci levels (58.2 and 81.8), we consider it as a sideways trend. And if the price is above the upper fibonacci level (81.8), we consider it as a bullish trend.
Inputs:
- Analysis period --> number of bars within which the system is going to look for max and min price
- Lower Fibonacci Level --> Choose from options and must be lower or the same as "Upper Fibonacci Level"
- Upper Fibonacci Level --> Choose from options and must be higher or the same as "Lower Fibonacci Level"
- Show Filling --> whether you wish to fill the areas with color
- Change Candle Color --> whether you wish to change the color of candles based on current trend.
DonchianFib[Akcay]How does it work?
- The indicator detects the highest and lowest price level in the last x periods every time prices advance by x periods.
- From these values, retracement (0.618, 0.786) and expansion levels (1.272, 1.618, 2, 2.618, 3.14, 3.618, 4.236) are obtained.
- Since the symmetrical counterpart of the retracement levels is used, there are two of each of the 0.618 and 0.786 lines, for a total of four.
How can it be used?
- It can be used for step buying.
- It can be used for step selling.
- Can be used to set a profit target.
- Can be used to set a stop target.
- This indicator can be used in the same way as Pivot levels can be used. You can think of this indicator like the Pivot Points Standard indicator, where you set the period more flexibly.
Which indicators can it be combined with?
- I don't think there are any limitations, but I think it is compatible with trend detection indicators, trend detection with DonchianFib, and stepped buy/sell with limit orders.
- If you want to enter a position with mismatch signals, you can wait for the DonchianFib levels to break.
- Its use is limited by your imagination :)
Where does the name come from?
- As the name suggests, Donchian Channels. I was inspired by Donchian Channels when developing the indicator. Donchian channels show the highs and lows of prices over the last x number of periods. DonchianFib does this once for every x periods and uses the fibonacci levels to create upper and intermediate levels.
Note : I don't know if such an indicator has been done before or not. If it has been done, I haven't seen it in tradingview.
Çalışma mantığı nedir ?
- Gösterge, fiyatlar her x periyot kadar ilerlediğinde son x periyot içerisindeki en yüksek ve en düşük fiyat seviyesini tespit eder.
- Bu değerler üzerinden geri çekilme (0.618, 0.786) ve genişleme seviyeleri (1.272, 1.618, 2, 2.618, 3.14, 3.618, 4.236) elde edilir.
- Geri çekilme seviyelerinin simetrik karşılığı kullanıldığından 0.618 ve 0.786 çizgilerinden her birinden iki adet olmak üzere toplamda dört adet bulunur.
Nasıl kullanılabilir ?
- Kademeli alım yapmak için kullanılabilir.
- Kademeli satım yapmak için kullanılabilir.
- Kâr hedefi belirlemek için kullanılabilir.
- Stop hedefi belirlemek için kullanılabilir.
- Pivot seviyelerinden nasıl faydalanılıyorsa bu göstergeden de aynı şekilde faydalanılabilir. Bu göstergeyi, periyodunu kendinizin daha esnek bir şekilde belirlediğiniz Pivot Noktalar Standartı göstergesi gibi düşünebilirsiniz.
Hangi göstergelerle kombine edilebilir ?
- Bunun için herhangi sınırlama yapmak doğru değil ancak trend tespit etmeye çalışan göstergelerle uyumlu olduğunu düşünüyorum. Bu göstergeler ile trend tespiti yapıp DonchianFib ile alım/satım yerleri belirlenebilir ve limit emirleri ile kademeli alım/satım yapılabilir.
- Uyuşmazlık sinyalleri ile pozisyona girilmek isteniliyorsa DonchianFib seviyelerinin kırılması beklenebilir.
- Kullanımı sizin hayal gücünüz ile sınırlıdır :)
Adı nereden geliyor ?
- Adından da anlaşılacağı üzere Donchian Kanallarından. Göstergeyi geliştirirken Donchian Kanallarından ilham aldım. Donchian kanalları fiyatların son x periyot içerisindeki en yüksek ve en düşük seviyelerini grafikte gösteriyor. DonchianFib ise bunu her x periyot için bir defa yapıp, fibonacci seviyelerini de kullanarak üst ve ara seviyeler oluşturuyor.
Not : Daha önce böyle bir göstergenin yapılıp yapılmadığını bilmiyorum. Yapıldı ise ben tradingview'da görmedim.
PriceCatch Ultimate Auto Fibonacci LevelsHello and Warm Greetings to TradingView community.
PriceCatch Ultimate Auto Fibonacci Levels
The only Fibonacci Levels script you'll ever need.
The Problem
One of the problems faced by traders who use Fibonacci levels is that they have to draw the levels manually on their charts. It's tedious and sometimes leads to inaccuracies in identifying correct levels.
Secondly, while there are so many Auto Fibonacci scripts available in the Public Scripts Library, most of them are not really useful as they are very limited in their capability for the following reasons:
either they are based on historical bars or historical pivots - user has to enter the number of historical bars or pivots for the starting point of the Fibonacci Levels.
they are time-frame dependent and re-plot levels when chart's time-frame changes. This is a very serious limitation with most scripts.
they do not offer real and practical user settings.
many of them are not actually pure Fibonacci Levels scripts.
Limitations with other Auto Fibonacci scripts
Other Fibonacci scripts ask user to specify a number of historical bars or pivots to draw the Fibonacci levels. This is a major problem with such scripts - because 50 historical bars on the daily time frame changes to 50 historical bars on the 4H if you change the chart's time-frame to 4H, thereby altering the position of the Fibonacci levels. So, the desired view that the user seeks about price action is not what he/she gets whenever the time-frame changes. Similarly with specifying Pivots. For example, for a swing trader who specifies Pivots, the number of pivots that occur in one month varies depending on the chart's time-frame. So after trying these scripts, users quickly realize that these scripts do not serve purpose.
PriceCatch Ultimate Auto Fibonacci Levels - Unparalleled advantage
The PriceCatch Ultimate Auto Fibonacci Levels script that I am publishing is completely different from other Fibonacci scripts on the TradingView Public Library. My script offers users unparalleled flexibility and options to use it effectively and to suit their trading style. With PriceCatch Ultimate Auto Fibonacci Levels script, user has the ability to choose a variety of options to draw the Fibonacci levels from Current Day, Previous Day all the way up to 52 weeks. Not only that, users can also set their own levels via input options and that makes it even more adaptive to a user's specific needs. So, if you do not want 0.382 level and want the level to be at 0.312, yes, you can do that with this script.
Time-frame independence
This script works independent of the chart time frame and this is it's USP. So, while your chart may be set to 15 minutes time-frame, you can set the script to draw Fibonacci levels of Previous Week, last 3 days or any other available interval of your choice and it will draw it accurately. What's more, you can change your chart's time-frame to any interval of your choice and the Fibonnacci levels stay fixed and true to the chosen option. This ability is very helpful to the user because while the Fibonacci levels are drawn based on the chosen interval's high and low, user can then choose any chart time frame to trade on the drawn Fibonacci levels. This is the crucial difference and big advantage of PriceCatch Ultimate Auto Fibonacci Levels script from other scripts.
Chart type independence
PriceCatch Ultimate Auto Fibonacci Levels script is also independent of chart type. You can set your chart to Bars, Japanese, Hollow, Heikin-Ashi or even line style and this script accurately draws the Fibonacci levels as the logic is independent of chart type.
Time series
For traders who combine Time-Series also in their trading set-up with Fibonacci levels, this script includes Time-Series as well to aid those traders.
Highly configurable
With a number of configuration options, PriceCatch Ultimate Auto Fibonacci Levels script offers utmost flexibility and ease of use to every user.
Practical and really useful
I have written the script after careful study of all the other available scripts and only then took on this project. Once you look at other scripts and what they lack, you will realize my script is all-rounded, very flexible with a wide variety of options to choose from. All of these features make PriceCatch Auto Fibonacci Levels script unique, very powerful and highly useful to traders.
Use Cases
Intraday
If you trade intraday, setting the interval to 3D (3 days) will give you Fibonacci levels of last three days. This may be useful in taking intraday trades by knowing probable support and resistance levels in that period. Then, you can trade on 1 minute, 3 minutes, 5 or any other intraday time frame of your choice.
Swing / Long term trading
For swing or long term traders, setting the interval to PM (previous month) or CQ (current quarter) will help you find probable support / resistance levels in that period that you can use to plan your trades. Then, of course, with the 52W setting, you can take a really long term view of the asset.
Multiple Advantage
Since you can add the script more than once to your chart, you can set one script to a longer time frame and another to a shorter one to form a combination of Fibonacci levels to give you even more precise and desired information about price action and to help you plan/manage your trades.
A Sample
GBPUSD with CQ (Current Quarter) setting
NOTE - PRIOR TO USING THIS SCRIPT
Please remember that the script is shared with absolutely no assurances about usability and any warranties whatsoever and as a responsible trader, please satisfy yourselves thoroughly and use it only if you are satisfied it works for you. Remember, you are 100% responsible for your actions. If you understand and accept that, you may use the script.
QUERIES/FEEDBACK
Please PM me.
I have to thank @BJORGUM for helping me out with this script.
Hope you find this script useful. Wish everyone all the best with trading.
Zig Zag Ratio Simplified█ OVERVIEW
This indicator was to show ratio between zig zag. Ideally to find Fibonacci Retracement / Projection, Harmonic Patterns, ABCD, Elliot Wave and etc.
█ CREDITS
LonesomeTheBlue
█ FEATURES
Table can positioned by any position and font size can be resized.
█ USAGE / TIPS EXAMPLES (Description explained in each image)
Fibonacci Plot [ABA Invest]]ABOUT
This Fibonacci tool is easier than the usual Fibonacci drawing. with this, we can use Fibonacci drawing by choosing 2 different candles as starting point and ending point
INPUT SETTING
Fibonacci type: we can choose the type
option 1--> Fibonacci standard: display multiple levels constructed using the starting price point, ending price point, and multiple Fibonacci ratios. These levels can be used as support and resistance
option 2--> Fibonacci musang displays multiple levels constructed using the starting price point, ending price point, and multiple Fibonacci ratios. these levels can be used as taking profit level and also to know the ending of trendline
Drawing point: we can choose the type how we want the tools to draw our starting and ending point at candlestick
- wick to wick
- wick to body
- body to body
[MAD] Fibonacci retracementThis is just a Fibonacci Retracement tool with some interactive information based on the actual closing price
How to use:
add the script,
input left bottom with the 1st click,
input top with the 2nd click
Informations you can see than:
Fiblevel (Price) %till_this_point = pricedifference
additional:
Bottom of the fib
Range Up in % + Price-Range
Range Down in %
you can shift the comma with the decimal functions for trading shitcoins as example
if looking into the past, level/price will follow, liveinfo using the close is than hidden
what will follow:
reverse
log/linear
autogrow when range will be wicked
maybe alerts on levels... have to think about how to capture correctly
Mastering Market Structure"Market structure first, always" - Mr. Anderson aka TrueCrypto28 right before he went on to master Kung-Fu
Understanding and identifying market structure is essential for successful and consistent profitability. No system is perfect, but trading in the direction of the prevailing market structure can reduce the likelihood of being caught severely offsides and can yield trades with tighter invalidations and greater risk-to-reward potential.
This script will automatically identify and plot the following:
Market Structure
Pivot highs and lows using the lookback left and right lengths are analyzed to identify major swing highs and lows to identify the current trading range.
Bullish structure is characterized by a series of higher highs and higher lows.
Bearish Structure is characterized by lower highs and lower lows.
Structure breaks when a bar closes outside the current trading range. Major swing highs and lows will update following these breaks to continue following the current price action
Current market structure bias, bullish or bearish, can be displayed in a table in the location of your choosing.
Structure is fractal, so seeing low time frame structure shift against the high time frame structure can identify the beginning of a pullback. When it realigns with the high timeframe structure, it can identify the beginning of the high time frame trend continuation. You can choose to analyze structure on any timeframe with this script and even add multiple copies of it to your chart each analyzing different a timeframes to easily find high quality trade opportunities.
Fibonacci Levels of the current trading range
These are included to help identify areas of interest for trade execution and profit levels.
We want to buy at a discount and sell at a premium. The "Wholesale Zone" can be considered below the 50% retracement level in bullish structure, or above it in a bearish structure.
When in a bullish structure, "discount" buy opportunities can be found below the 50% retracement level with the expectation of trend continuation.
In a bearish structure, more ideal "premium' sell opportunities can be found above the 50% retracement with the expectation of trend continuation.
Optimal trade entry (OTE) zone, between the 61.8% and 78.6% retracement can offer a great risk-to-reward ratio for execution of a new position in trending environments.
When trading sideways in a range, opening new buy positions near the bottom of the range or new sell positions from the top of the range are preferred. Midrange 50% level commonly sees some reaction and can be used as a primary target with further targets either being the opposite end of the range or lower support levels (see order block section).
Order Blocks
New Bullish and bearish order blocks are created and plotted with every respective market structure break. They identify the price level from which the most recent leg of price action that yielded the structure break began.
In strong trending environments, these levels should continue to support or resist price. They are great areas to look to enter new positions.
Order blocks can also be used as targets for your trades to avoid giving back unrealized profits as price tends to react off of these levels.
To keep your chart clean and the order blocks relevant, an order block will be automatically deleted if price trades through and closes beyond it. Otherwise, printed order blocks will remain on your chart until either it's origin bar is out of TradingView's maximum bar history allowance or their maximum box count allowance.
Pairing these with fibonacci levels, retracements into order blocks that are in the Wholesale Zone or even the OTE zone offer higher probability trades with more favorable risk-to-reward potential.
Swing Failure
Swing failure patterns (SFPs) arise when a candle takes out a swing high or low, but fails to close beyond it.
Again, pairing these with other features of this script like range boundaries, wholesale zones, OTE zones, and order blocks can help traders identify the best times to actually execute their trade as SFPs are commonly seen at points of inflection in price action.
Moving Averages
Up to 4 moving averages from the current time frame are available. MA type and lengths can be adjusted to your preference.
Up to 4 MTF MAs. By Default this is an EMA 200 as it is commonly used for trend identification and support/resistance.
These are included for confluence of trend direction and strength.
They can also act as dynamic support and resistance and so can be useful for trade execution if price bounces or rejects off of them or targets as price may do so when it reaches them.
Additionally, alerts have been coded for the following scenarios:
MS Break alerts will trigger on bar close when a break in market structure has been confirmed.
SFP alerts will trigger on bar close when the swing failure pattern has been confirmed.
Entering OB alerts will trigger as soon as price touches the closest order block.
Entering Wholesale Zone alerts will trigger as soon as price cross the 50% retracement level. This can be used as an early alert to identify assets that have undergone a significant pullback before potential continuation in the direction of the main trend.
Entering OTE Zone alerts will trigger as soon as price crosses into the Optimal Trade Entry zone between the 61.8% and 78.6% retracement.
This script is unique in the way that it tracks market structure, automatically updates as price action continues to develop, presents high quality areas of interest, and SFPs for trend reversal and continuation. Traders will no longer need to constantly monitor their charts or exhaustively update their alerts to find good trade opportunities. This script takes care of all of it automatically. Collectively, all of the included features can be used to build a complete trading system.
Auto Fibo Multi Timeframe [Misu]█ This indicator shows a Multi Timeframe automatic Fibonacci retracement levels.
This indicator is built using pivots from a user-selected timeframe to draw and orient the Fibonacci retracement.
Fibonacci analysis uses a logical sequence of numbers to predict trends and price action.
█ Usages:
The Fibonacci retracement is used to identify hidden support and resistance levels that an investor can use for entry, exit, and stop placement.
Depending on your usage, you can track breakouts above and below retracement levels to provide early entry points for major breakouts and breakdowns.
Higher timeframe Fibs allow you to have more relevant and weighted signals.
█ Features:
Choose Timeframe
Choose Fib levels
Color Fib Levels Individually
Color Fib Levels all in one
█ Parameters:
Timeframe: The Timeframe chosen.
Left Bars: A parameter used to calculate pivots.
Right Bars: A parameter used to calculate pivots.
UI Settings: Select Fibs levels and colors.
Automatic Fibonacci Retracement + Golden Ratio | by Octopu$👑 Automatic Fibonacci Retracement on Specific Timeframes + Golden Ratio | by Octopu$
Fibonacci Retracement is a method of technical analysis for determining support and resistance levels.
It is named after the famous Fibonacci sequence of numbers: 23.6%, 38.2%, 61.8%, and 78.6%
These ratios provide price levels to which markets tend to retrace a portion of a move.
Also used as a potential spot before a trend continues (or reverses) original direction.
While not officially a Fibonacci ratio, 50% is also used.
Fibonacci Levels can be drawn between any two significant price points or time frames.
(Such as a High and a Low or also on Daily and Weekly charts)
The indicator will then Automatically create the levels between those selected points.
Golden ratio, also known as the divine proportion, in mathematics, is the irrational number:
(1 + Square root of√5)/2, often denoted by the Greek letter ϕ or τ
Which is approximately equal to 1.618.
(Two quantities are in the golden ratio if their ratio is the same as the ratio of their sum to the larger of the two quantities.)
That's The Magic of the Fibonaccis, as well the Golden Ratio itself.
And this is exactly where this Indicator by Octopu$ kicks in:
This indicator Automatically sets all the Fibonacci Levels within the Retracement selected.
On top of that, it Highlights the Golden Ratio for the Fibonacci Levels drawn.
Additionally, it sets the Golden Ratio as possible Support or Resistance level,
Doing so by having visual identification to the Up or Down side.
This changes the game! Along with Price Action, Trend Direction, Chart Analysis and other Indicators as well.
(The combination relies on your own knowledge about Confluence Factors along with your Due Diligence)
www.tradingview.com
SPY
ANY Ticker. ANY Timeframe.
(SPY 5m as an example only)
Features:
• Multiple Timeframes
• Automatic Lines
• Fibonacci Setup
• Golden Ratio
• S/R Highlight
Options:
• Timeframe Selection
• Fibonacci Rates
• Line Customization
• Color Pickers
• Toggle On/Off
Notes:
v1.0
Indicator release.
Changes and updates can come in the future for additional functionalities or per requests. Follow and Stay Tuned!
Did you like it? Please Support and Shoot me a message! I'd appreciate if you dropped by to say thanks! Thank you.
- Octopu$
🐙
Auto Fibonacci [Misu]█ This indicator shows an automatic Fibonacci retracement levels.
This indicator is designed based on highs, lows, and trend interpretation to orientate the fibonacci retracement in the good direction.
Fibonacci analysis uses a logical sequence of numbers to predict trends and price action.
█ Usages:
The Fibonacci retracement is used to identify hidden support and resistance levels that an investor can use for entry, exit, and stop placement.
Depending on your usage, you can track breakouts above and below retracement levels to provide early entry points for major breakouts and breakdowns.
█ Features:
> Choose Fib levels
> Color Fib Levels all in one
> Color Fib Levels Individually
█ Parameters:
Deviation: A parameter used to calculate pivots.
Depth: A parameter used to calculate pivots.
UI Settings: Select Fibs levels and colors.
[Kronorium] - VWAP Fibonacci Channels/ExtensionsSimple indicator that creates retracement levels at each major Fibonacci interval above and below VWAP.
VWAP is depicted as the thick yellow line in the middle of the channels.
When the trend is above VWAP (yellow), you can view this as bullish, vice versa, below yellow is bearish.
Each level after being above or below VWAP has a Fibonacci "rung", like on a ladder, you'll notice price jumping in and out of each of these levels.
SUPER GCOV5 MAPSCALP > MAPPING & SCALPING SUPER GCOV5 MAPSCALP indicator is built specifically for mapping/prediction measurement and fast trading i.e. scalping/intraday in the commodity market or cryptos market. It uses an indicator instrument consisting of ATR TRAILING STOP (ATR), EXPONENTIAL MOVING AVERAGE, PIVOT POINT, FIBONACCI KEY LEVEL, and LINEAR REGRESSION CHANNEL(LRC).
Rebuild of Instrument & Parameter
This indicator is also an upgraded instrument that is sourced from the previous indicator-FUTURES SCALPV2.This R&D of course makes trading activities more effective, and dynamic to increase the confidence of traders in current trading activities. The indicator has been upgraded in terms of parameters as well as additional instruments. Among them are;
1. ATR Trailing Stop
2. ATR BUY/SELL signal
3. Exponential Moving Average(EMA) – fastMA/slowMA Length
5. Breakout/breakdown signal
6. Pivot low/high level
7. Fibonacci extends & retracement
8. Linear Regression Channel(LRC)
9. Alert condition ( a dozen alerts )
> The best timeframe for entry is 3 minutes for FCPO and 15 minutes for other futures & cryptos.
> The best timeframe mapping/prediction is 1 hour & 4 hours.
>The candle/bars have been colored to make it easier for traders to see the price trends whether in bullish or bearish conditions.
Easier SOP of ENTRIES/POSITIONING:
1. entry by signal BUY/SELL after signal bar ( 2nd bar) for confirmation.
2. The best entries BUY at support(pivot low-Blue line) after price rebound then signal appears. The best buy also when the price is at lower
low pivot + fibo support level + lower trendline(LRC) + and the price went rebound.
3. The best entries SELL at resistance(pivot high-red line) after price pullback then signal appears.
The best buy also when the price is at a higher high pivot + fibo resistance level + upper trendline LRC + and the price went pullback.
4. Profit-taking areas are usually measured by support and resistance levels. Please refer to the bold line( support & resistance), fibo key level,
and trendline.
*To avoid false signals/wrong positions, you can use the EMA line as a guide and follow the trends, which are the buying weight when the price is above the 20/50 ema, and the selling weight when the price is below the 20/50 ema. EMA can be reset on the input setting.
STEPS of MAPPING/PROJECTION:
1. Use a bigger timeframe such as 4 hours or 1 hour
2. Use LRC to identify buy/sell weights when the price makes a zig-zag patent
3. Use monthly and weekly fibo levels to know support and resistance. This fibo is very important to see if the price will make an extension or
retracement based on the regression channel earlier. So here we can evaluate which area to buy/sell/take-profit/exit and the reversal of a
market price.
You can also create an ALERT CONDITION to help you get a reminder of signals and price trend changes
The original instrument has been retained but changed in terms of display & facelift features.
Hopefully, the new one will assist you in making analysis and strategy of trading activities successfully.
THIS IS NOT A BUY/SELL CALL, ONLY STUDY IDEAS AND ANALYSIS BASED ON MEASUREMENT TOOLS FOR EDUCATION AND GUIDANCE PURPOSES.PLEASE TAKE AT YOUR OWN RISK.
Auto Fibonacci Levels + Auto Trend Line generatorAnother indicator for you guys!!!
This indicator consists of the 5 key Fibonacci retracement levels, plotted automatically to user input settings. I also have included an auto support/resistance trend line generator.
What is a Fibonacci retracement?
'Fibonacci retracement is a method of technical analysis for determining support and resistance levels. It is named after the Fibonacci sequence of numbers, whose ratios provide price levels to which markets tend to retrace a portion of a move before a trend continues in the original direction.' - Wikipedia
How to use the Fibonacci retracement?
- The Fibonacci levels are default. These percentiles from price to the average of the high in a sample and low in a sample give you a guideline of where a bottom may be, where a top may be, and where a range is being created.
- Look for the price to reject from 61.8% and 76.4%, and also look for price to bounce from 38.2% and 23.6%. If a lower low/higher high is made, the fib levels will follow and the percentiles within will be recalculated after a 5 candle offset period.
- If you see price trending towards the lower percentiles (38&23) and using the 50% as resistance, look for a break downwards and vice versa.
-This Fibonacci set as all others is subject to fake-out, always use this with another series indicator, or don't use it as a signal for entry at all (unless you have a backdated strategy)
How to use the trend line generator?
-The trend line generator will only plot when a lower low/higher high has taken place within the input amount of candles. It is also offset by a user amount.
-The check box will give the option to have the trend line's plot or not.
- If you see a green/red dot it means that that will be your first coordinate for the trend line, and until the computations are complete it will give you an idea of which direction it will be in (resistance or support)
-When opening this indicator zoom out all the way to connect any trend lines that do not load automatically.
Let me know if you have any questions, suggestions or issues! Thank you everyone!
-Cheatcode1 :)
SP:SPX TVC:DXY BMFBOVESPA:EUR1! CME:BTC1! BINANCE:BTCUSDT
+ Dynamic Fibo-Donchian ChannelsThis is my second Donchian Channels indicator (and will probably be my last because how many does one really need). This version is different from my other one in that, well, it's 'dynamic' which simply means that it self adjusts based on the same formula that my Ultimate Moving Average does. What does that mean? It just means that the script takes an average of 8 different length, in this case, highest highs and lowest lows. The user doesn't need to pick a lookback/length/period/what-have-you. The indicator does it all itself. This, I think, makes for a very nice baseline or bias indicator to fit within a system that utilizes something like that. I also think it makes for a more accurate gauge of higher highs and lower lows within a timeframe, because honestly what does it mean to make a lower low over 20 periods or 8 periods or 50 periods? I don't know. What I do know is that traditional Donchian Channels never made much sense to me, but this does.
Additionally, I've kept (I guess that's not 'additionally') the fibonacci retracement levels from my other Donchian Channels indicator. These are calculated off the high and the low of the Donchian Channels themselves. You will see that there are only three retracement levels (.786, .705, .382), one of which is not a fib level, but what some people call the 'OTE,' or 'optimal trade entry.'' If you want more info on the OTE just web search it. So, why no .618 or .236? Reason being that the .618 overlaps the .382, and the .236 is extremely close to the .786. This sounds confusing, but the retracement levels I'm using are derived from the high and low, so it was unnecessary to have all five levels from each. I could have just calculated from the high, or just from the low, and used all the levels, but I chose to just calculate three levels from the high and three from the low because that gives a sort of mirror image balance, and that appeals to me, and the utility of the indicator is the same.
The plot lines are all colored, and I've filled certain zones between them. There is a center zone filled between both .382 levels, an upper and lower zon filled between the .786 and either the high or the low, and a zone between the .705 and .785
If you like the colored zones, but don't like the plots because they cause screen compression, turn off the plots under the "style" tab, or much more simply right click on the price scale and click 'scale price chart only.' Voila! No more screen compression due to a moving average or some other annoyance.
Besides that basis being a nice baseline indicator the various fib bands (or just the high and low bands) make for excellent mean reversion extremes in ranging environments.
There are alerts for candle closes across every line.
Below is an image of the indicator at default settings.
Below is an image of the indicator with the center .382 channel turned off.
Below is an image of the indicator with just the .786/.705 channel showing .
CDC Fibonacci Retracement and ExtensionThis indicator is meant to be used as a tool to quickly identify
fibonacci retracements and projections in multiple charts during
the same date range.
Users can set the calculation date range and quickly flip through
different charts for comparisons
Steps for using this indicator is as follows:
1. Specify Start Date and End Date for calculations
2. Choose Open-ended mode for just retracements, this will disregard
end date in calculations.
3. Select price source, if Use Highs/Lows is selected, the indicator will
use high and low prices for calculation, if not, closing price eill
be used instead
4. Select and/or modify retracement / projection lines as you see fit.
5. Enjoy the result!
ZigZag with Retracement LevelsThis is a modification to "ZigZag with Fibonacci Levels" by LonesomeTheBlue.
By default, the script finds the ZigZag, draws Fibonacci lines and labels accordinly. ZigZag period can be set.
The modification to the original script provides the following features:
1) Option for user to customize retracement levels, if they don't want to use Fibonacci levels. This allows for different strategy adoptions.
2) Option to show Fibonacci or custom retracement levels based on the latest pivot (including the current bar)
For example:
Enjoy and happy trading~!!
High and Low Fibonacci Pivot PointsThis is a standard fibonacci retracement level indicator and free to use for all. I couldn't find any decent retracement levels that works for me (and definitely wasted money on paid script access that didn't work so well for my trading style), so I created this for my own use and now sharing it with the TradingView community. Fibonacci retracement levels help traders predict key areas where a stock/security may find support or resistance. The common ratios are available, such as 23.6, 38.2, 61.8 and so forth. You can choose from Day, Week or Month for your fibonacci retracement lines. In order to keep in sync with my particular style of keeping charts nice and clean, I've created this indicator with defaults to use friendly color schemes. You can of course, choose another color, etc... that fits your own taste. All of my published scripts utilize TradingView's version 5 scripting.
Main Features:
- Show or hide pre-market high and lows (the pre-market high & lows are hidden by default)
- Show or hide the 1-hour 20 EMA line (hidden by default, as this is more uncommon than the 1-hour 50 EMA line for potential support or resistance)
- Show or hide the 1-hour 50 EMA line
- Show or hide the fibonacci retracement lines (the 50% line is hidden by default)
- Option to allow the fibonacci retracement lines to start out the first few minutes of market open to use the pre-market high & low. Once the stock/security price breaks either the pre-market high or pre-market low, it reverts to using the day's high and low. This only works on chart timeframes under the daily time frame.
FYI:
All customizable settings have a help/info window. Please refer to the help/info window, if you're unsure of what a setting does what. Also, note that I wrote and published this script after market close, so I haven't had the chance to check/test if everything works, which can only be fully verified during market open hours (for non-crypto securities).
* Please note that this script is in its early beta stage and there could be bugs. This is being provided as is and the information provided by this script is meant for informational/entertainment purposes only.
Fibonacci Moving AverageFibonacci moving averages are a more reactive form of EMA utilizing the Fibonacci sequence (1 2 3 5 8 13 ... etc) to weight values.
This method gives several advantages of EMAs: they respond much sooner to price action while still weighting for past values and longer MAs (200 candle, 800 candle) etc moving averages can be calculated from candle 1 - handy for newly listed cryptocurrencies, equities, ETFs, etc.
The script allows for up to 5 moving averages. They can also be set as WMAs which weight older values more than recent to create slow/fast MAs.
They can be used the same way regular EMAs/WMAs are used: crossovers give trade entry/exit points, can indicate trend by alignment with other MAs and by their angle up/down, and - less useful for FMAs since no one else uses them - they can provide resistance.
