Candle Fibs [QuantVue]The Candles Fib indicator is designed to help traders find potential levels of support and resistance based on ATR and Fibs.
How the Indicator Works
Identification of Large Candles:
🔹The indicator begins by identifying "large candles" based on their size relative to the Average True Range (ATR).
🔹 ATR (Average True Range) : ATR is a technical analysis indicator that measures market volatility by averaging the true range over a specified period, default 10 periods. The true range is the greatest of the following:
The difference between the current high and current low.
The difference between the previous close and the current high.
The difference between the previous close and the current low.
🔹In this script, a candle is considered "large" if its true range (the difference between the high and low) is at least twice the ATR.
Calculation of Fibonacci Levels:
🔹Once a large candle is identified, the indicator calculates key Fibonacci retracement levels based on the size of the candle.
🔹 Fibonacci Retracement : Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. These levels are derived from the Fibonacci sequence, a series of numbers where each number is the sum of the two preceding ones, often found in nature and markets.
🔹The most commonly used Fibonacci retracement levels are 0.382, 0.50, 0.618, and 0.786. In this indicator, the 0.50 and 0.618 levels are used.
Dynamic Plotting and Management of Levels:
🔹The indicator plots these Fibonacci levels as horizontal lines on the chart automatically.
🔹These lines extend as new bars (candlesticks) are formed, allowing the trader to see how the market reacts to these levels in real-time.
Give this indicator a BOOST and COMMENT your thoughts below!
We hope you enjoy.
Cheers!
Fibs
Linear and Logarithmic Fibonacci Levels and FansIntroduction
The Fibonacci Retracement tool is a go-to for traders looking to spot potential support and resistance levels. By measuring the distance between swing highs and lows, you can apply Fibonacci ratios like 0.236, 0.382, and 0.618 to predict key market levels.
Traditionally, these levels are set by dividing this distance into equal parts—known as Linear Levels. A more refined approach, Logarithmic Levels, divides the distance into proportionally equal segments. Plus, this indicator now includes Fibonacci fans, adding another layer of analysis by projecting potential price levels using trendlines based on Fibonacci ratios.
This tool makes it easier to identify both Linear and Logarithmic levels while also leveraging Fibonacci fans for a more complete market view.
Applications
Logarithmic Levels and Fibonacci fans are ideal for volatile markets. In crypto, they’re especially effective for BTCUSDT (check out the wick from January 23, 2024). They also help spot accumulation and distribution patterns in high-volume altcoins like FETUSDT . In traditional markets, they’re useful for tracking stocks like TSLA and NVDA with extreme price swings, as well as indices in inflation-affected markets like XU100 , or recession-hit currency pairs like JPYUSD .
How to Use
This indicator is intuitive and similar to TradingView’s Fibonacci Tool. Select your reference levels (Level 1 and Level 0), then tweak the settings to customize your analysis, including adding Fibonacci fans for extra insights.
Why It’s Different
Unlike TradingView’s tool, which forces you to switch to a logarithmic scale (messing with other indicators and trend lines), this indicator lets you view both Linear and Logarithmic levels—and Fibonacci fans—without changing your chart’s scale. The original Fibonacci Code was derived from zekicanozkanli, modified and upgraded to plot fib fans as well.
Intraday Fibonacci Levels [Gorb]Welcome to the Intraday Fibonacci Levels indicator, a dynamic and customizable tool designed for traders who incorporate Fibonacci retracements and extensions into their technical analysis. This indicator focuses on intraday price action, allowing you to select a specific candle from any trading session and visualize crucial Fibonacci levels derived from its high and low prices.
Features:
Candle Selection for Fibonacci Analysis: Select any candle based on its time to plot Fibonacci levels, giving you control over the period of analysis.
Customizable .236 and .618 Fibonacci Levels: Plot and customize the .236 and .618 Fibonacci retracement and extension levels. Adjust color and line style for each level to fit your chart preferences.
User-Friendly Interface: Easy-to-use input fields for selecting the candle time and configuring Fibonacci settings. Intuitive toggle options to display or hide specific Fibonacci levels.
Dynamic Updating: The indicator updates in real-time as new price data is received, ensuring you have the latest Fibonacci levels on your chart.
Usage Case:
This indicator is ideal for day traders and technical analysts who utilize Fibonacci tools to identify potential support and resistance levels, trend reversals, or continuation patterns. Whether you are analyzing a high-impact news event candle or a significant pivot point in the trading day, this indicator helps bring clarity to your Fibonacci-based trading strategy.
Guidelines for Usage:
Use the indicator settings to select the candle time and configure your desired Fibonacci levels. You can choose any time you want, in order to use premarket candles you need to enable electronic hours on your chart to have levels plot from pre/post.
These auto plotted levels can act as pivot points or points of support and resistance for traders to make informed trading decisions near these levels. Analyze the plotted Fibonacci levels in conjunction with other technical indicators or price action patterns for informed trading decisions.
Conclusion:
This indicator is a versatile and essential tool for traders who rely on Fibonacci analysis as part of their trading arsenal. By offering the flexibility to analyze specific candles and customize Fibonacci levels, this indicator empowers you to make more informed trading decisions. Its user-friendly design and real-time updating capabilities ensure that you have access to accurate and relevant Fibonacci data at any moment of the trading day.
RISK DISCLAIMER
All content, tools, scripts & education provided by Monstanzer or Gorb Algo are for informational & educational purposes only. Trading is risk and most lose their money, past performance does not guarantee future results.
Fibonacci Timing Pattern IIThe Fibonacci Timing Pattern II is a price-based counter that seeks to determine medium-term reversals in price action. It is based on the following set of conditions:
* For a bullish Fibonacci timing signal II: The current close must be lower than the close prices from one and two periods ago. Simultaneously, the close price from two periods ago must be lower than the close price from three periods ago, and the close price from three periods ago must be lower than the close price from five periods ago. The Fibonacci sequence continues until the close price from thirty four periods ago which must be above the close price from fifty five periods ago.
* For a bearish Fibonacci timing signal II: The current close must be higher than the close prices from one and two periods ago. Simultaneously, the close price from two periods ago must be higher than the close price from three periods ago, and the close price from three periods ago must be higher than the close price from five periods ago. The Fibonacci sequence continues until the close price from thirty four periods ago which must be lower the close price from fifty five periods ago.
The signals of the pattern are ideally used in a sideways market or used in tandem with the trend (bullish signals are taken in a bullish market and bearish signals are taken in a bearish market).
Auto Fibonacci Retracement // Atilla YurtsevenOverview:
This Pine Script™ is a specialized tool for traders, designed to automatically plot Fibonacci retracement levels over a user-defined date range in trading charts. It also indicates the extent of price retracement within these levels.
Key Features:
Date Range Customization: Users can specify the start and end dates to focus the analysis on a particular trading period.
Dynamic Fibonacci Levels: The script includes various Fibonacci ratios (0.0, 0.236, 0.382, 0.5, 0.618, 0.786, 1.0), with the flexibility to enable or disable individual levels.
Visual Customization: Each Fibonacci level can be customized for color and line style (solid, dotted, dashed). Labels for each level are also configurable.
Retracement Measurement: The script not only draws the Fibonacci levels but also measures and displays how much the price has retraced within these levels.
Extension and Additional Options: Users have options to extend the Fibonacci lines and additional features such as using close values, trend drawing, date range display, and more.
Technical Insights:
The script identifies high and low values within the selected time frame, assessing the market's trend direction.
Within the specified date range, this script effortlessly plots the Fibonacci levels automatically, bringing clarity and precision to your market analysis as it unfolds.
The tool's adaptability makes it suitable for various trading styles and chart preferences.
Intended Use:
This script is particularly valuable for technical analysts and traders who use Fibonacci retracements to identify potential support and resistance areas and understand the depth of market corrections or rallies.
Disclaimer:
This Pine Script™ is offered 'as is', without any guarantees or warranties. It is intended for informational purposes and should not be taken as investment advice. Atilla Yurtseven, the creator of this script, assumes no responsibility for any financial losses or gains that may result from its usage. Users should perform their own due diligence and consult with professional advisors before making any investment decisions.
Remember to follow and comment!
Trade smart, stay safe
Atilla Yurtseven
Order Blocks W/ Realtime Fibs [QuantVue]The "Order Blocks W/ Realtime Fibs" indicator is a comprehensive tool combining the concepts of order blocks with Fibonacci retracement. The combination can be a powerful tool for identifying entry and exit points, and potential target areas.
Order blocks indicate where major players have likely placed their orders, while Fibonacci levels provide a mathematical basis for potential support and resistance areas.
What is an Order Block?
An order block in trading refers to an area on the chart in which it is believed a substantial number of orders (buy or sell) collected over a short period. Typically, these are identified as a range of consecutive aggressive bullish or bearish bars (candles). They represent areas where significant market players have entered the market, creating a footprint of their activity.
The indicator is highly customizable allowing user to select the number of consecutive bars and minimum price movement required for an order block, along with other settings like requiring a new order block in the opposite direction before finding a new order block.
Fibonacci Retracements
Fibonacci retracements are popular among technical traders, based on the idea that markets often retrace a predictable portion of a move, after which they continue to move in the original direction.
Once an Order Block is detected the indicator will automatically draw Fibonacci levels and continue to update those levels in real time until the user selected retracement level has been hit or a new more relevant order block has been found.
The combination of order blocks and Fibonacci retracements in this indicator can be used as a method for spotting potential reversal zones.
Indicator features:
🔹Custom Order Block Parameters
🔹Mitigation Type
🔹Custom Colors
🔹Select Retracement Levels
🔹Alerts for Order Blocks & Retracements
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers!
Session Fibonacci Levels [QuantVue]The "Session Fibonacci Levels" indicator is a powerful tool designed for traders who aim to use Fibonacci retracement and extension levels in their trading strategy.
The indicator combines Fibonacci levels with customized trading sessions, allowing traders to observe and utilize Fibonacci levels that are automatically calculated for each defined session.
This approach offers a dynamic and session-relevant perspective on potential support and resistance levels, which can be crucial for intraday trading strategies.
🔹The indicator calculates Fibonacci retracement and extension levels based on the high and low prices of a specified trading session, dynamically adjusting to the location of the high and low bar.
If the low of the session occurs before the high, the fib levels are measured from low to high.
If the low of the session occurs after the high, the fib levels are measured from high to low.
🔹Users can set their time zone and define trading sessions, allowing for flexibility and applicability across global markets. This is particularly beneficial for traders who focus on specific market hours like the London or New York sessions.
Important sessions:
New York (8:00am - 5:00pm EST)
London (3:00am - 12:00pm EST)
Asia (7:00pm - 4:00am EST)
Custom session (user defined session in indicator settings)
🔹The indicator dynamically updates Fibonacci levels as new highs and lows are made within the session, keeping the analysis current. Additionally, it provides alerts when prices hit key Fibonacci levels, aiding in timely decision-making.
How to Use:
Configure the time zone and session time
Once the session begins, the indicator will begin highlighting the session range
When the session ends, Fibonacci levels based on the high and low of the session will be drawn
Use these levels to identify potential support and resistance areas
Fibonacci Trailing Stop [LuxAlgo]The Fibonacci Trailing Stop indicator creates a Trailing Stop, based on Fibonacci levels which are retrieved from the latest swing high & low . This provides a Trailing Stop-line .
🔶 USAGE
The Fibonacci Trailing Stop can indicate the current trend direction.
Shadows can also provide potential support/resistance areas.
Users can also display Fibonacci retracements.
🔶 CONCEPTS
🔹 Basic principles
There are 2 basic principles:
Every new swing will create or update a new Fibonacci pattern, potentially changing the Fibonacci Trailing Stop (FTS)
The Trend depends on whether the FTS is crossed/breached, the trigger is a chosen 'level/trigger'
(settings -> Fibonacci Trailing Stop -> Level/Trigger)
In an uptrend, these levels will be placed at the bottom half of the pattern.
In a downtrend, these levels will be placed at the top half of the pattern.
Once a trend is established, the Trailing Stop will only update in the direction of the trend:
Only higher when in an uptrend
Only lower when in a downtrend
If a Trailing Stop line is broken, the trend shifts to the other direction
The FTS line is accompanied by a secondary line (colour-filled), created by smaller swings (half of L/R, rounded to above)
EXAMPLES
• New bullish Trend/pattern
• Updating later on
• Bearish Trend -> breached -> New bullish Trend -> Trend is updated later on, and is breached at the end:
• Trend broken -> new Trend/direction:
• Bearish Trend -> breached -> New bullish Trend -> breached -> New bearish Trend (Here you see the latest cross of the bullish trend)
🔹 Shadows & latest Fibonacci
The indicator contains the option to show:
Latest Fibonacci
Shadows : previous Fibonacci Levels (will only appear after a 1 bar delay)
Shadows can be very useful to provide support/resistance areas, especially from large shadow-blocks .
When shadows are enabled, the color fill of Latest Fibonacci and FTS will be removed, this to provide less clutter:
🔶 SETTINGS
🔹 Swings
L: set left of pivothigh / pivotlow
R: set right of pivothigh / pivotlow
Swing labels: show labels of swings (updated in the same direction)
🔹 Fibonacci Trailing Stop
Level - Toggle - Custom value
• Choose pré-set levels [ -0.5, -0.382, -0.236 , 0, 0.236, 0.382, 0.5, 0.618 ]
• Choose custom level -> Toggle enabled and adjust the number at the right
Trigger: set trigger for breaching the FTS, close or wick (high in downtrend/low in uptrend)
🔹 Fibonacci
Latest Fibonacci: show Latest Fibonacci
Shadows: show Shadows
FVG w/ Fibs [QuantVue]The "FVG w/ Fibs" indicator is a trading tool designed to identify and visualize Fair Value Gaps (FVGs) while overlaying two Fibonacci retracement levels.
• Bullish FVG: Occurs when the low of the current bar is higher than the high of two bars ago, and the previous close is higher than the high of two bars ago.
• Bearish FVG: Occurs when the high of the current bar is lower than the low of two bars ago, and the previous close is lower than the low of two bars ago.
The indicator filters these gaps based on user-defined criteria such as the minimum percentage size of the gap.
Once identified, these FVGs are highlighted on the chart using customizable boxes and the 50% and 61.8% (default settings) Fibonacci retracement levels are calculated and drawn based on the size of the identified FVG.
• Dynamically updates and extends the boxes as the price evolves.
• Alerts / visual changes for FVGs that get filled.
• User option for fills by Wicks or Close
• User-customizable settings for box colors, styles, and Fibonacci level appearances
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers!
3 Fib EMAs To Scalp Them AllThe "3 Fib EMAs To Scalp Them All" was made in order to clear up when we should look for shorts, longs, or walk away. Also it can alert you when a trend starts, or when there is a possible reversal. I use it for scalping/day trading in 5m-1h timeframes.
1. EMAs: By default, the indicator uses Fibonacci numbers (21, 55, 233), but you can change them.
2. Color Changes: The color of the Micro EMA line changes depending on its relation to the Mid and Macro EMAs.
When Micro EMA < Mid < Macro EMA, it turns red, indicating a potential bearish trend - that's when you should look for shorts
When Micro EMA > Mid > Macro EMA, it turns green, indicating a potential bullish trend - that's when you should look for longs
A white Micro EMA is when you need to take some rest, enjoy your coffee, and avoid overtrading.
3. Signals: The indicator provides visual signals in the form of diamonds and crosses and corresponding alert signals.
A red diamond above the bar signals a potential beginning of a downtrend
A red cross above the bar signals the end of the downtrend and can be used as a signal for a possible reversal up/breakout.
A green diamond below the bar signals a potential beginning of a downtrend,
A green cross below the bar signals the end of the uptrend and can be used as a signal for a possible reversal down/breakout.
4. Alerts: For algo traders and people who prefer to stay away from the monitor... there are alerts for every signal.
Friendly note: Don't blindly follow the signals for your long and short entries. The signals only pop up when the EMA cross value gets a confirmation. A smart move would be to wait for a retracement to the EMA line and use momentum indicators like market cipher B to pinpoint those ideal entry points.
Auto Fib ZonesAuto Fib Zones is a extension of the ABC finder script that I released. It uses the pivot point system I developed in the ABC finder to identify major or significant trending moves in the market.
It will then draw the fibzones for the trend line. The fib zone will auto update for as long as the trend line continues (size will keep increasing).
The zones will continue to extend to the right along with price until it is tested. The start of the green teal zone is the 0.618 and fills to the 0.786 and the Blue zone is the 0.786 and fills to the trend start or 1 value of the fib.
You can adjust the Bars Back variable to require more or less candles to create/ validate a new trend. In the screen shot about it is set to 50 bars however I've seen good results on higher timeframes like 4h + with 15 bars as the setting.
This is basically ITC's Optimal Trade Entry concept at least that is what the original inspiration for modifying my base script was.
As always hope it helps. God bless
Opening Range with FibsThe indicator uses a time range and another instrument for time reference, so that it works in the time zone you care about. I have set the default to SPX500USD since it is in EST ( SPX , ES and many futures are on Chicago time and opening range gets confused). You can change the reference instrument in the settings.
You can also change the multipliers and use other values instead of 1.272 and 1.618 for Fib extensions.
TradingView has a limit as to how many objects an indicator can create so if you want to go back further for visual backtesting - use the replay tool - it will be able to draw up to the time you selected within its limits.
Let me know if you need anything else...
Happy Trading!
Price Legs & Fib Projections: Fibonacci Confluence-Plots price legs based on two user input lookback numbers. Smaller number for small legs, larger number for large legs.
-Plots Fib projections of these price legs, above and below; User can input four independent fib levels or standard deviation levels
## User Inputs ##
~Show visible chart only; Show price leg labels (time and price); show small legs (fibs and/or boxes); show large legs (fibs and/or boxes)
~Input 4 Fibonacci levels or measured move levels. Toggle each level on/off
~toggle on/off Fib levels ABOVE or fib levels BELOW
~extend Fib levels 'X' bars to the right, or toggle on/off 'Full Extend' to the right
## Tips & Notes ##
-use 'Full Extend' together with 'visible chart only' if searching for multiple confluence of Fib levels.
-can quickly get very cluttered, but the aim in writing this was to try to find area of confluence at a glance amongst a mess of levels, then hide the indicator and study/note that area.
-if lines don't print toward the left hand side of the chart you've likely reached the max line limit set by Tradingview.
-Fib level input of 1.0 represents zero % extension above the high or below the low of the leg; 2.0 represents 100% extension.
1hr S&P: Visible chart only; large legs only; 50%, 100%, 150%, 200% Fib extensions; Above only; lines extended fully to the right:
Usage notes; 15m S&P: Small & Large price legs; partial extend; all fib levels above/below:
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.
+ 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 .
Intra-variety Timeframe Floating Fibonacci Levels [Loxx]Intra-variety Timeframe Floating Fibonacci Levels is an intraday, intraweek, and intramonth indicator to be used for scalping on lower timeframes. The indicator paints the developing fibonacci retracement levels as they change overtime over the selected intra-variety timeframe chosen. This indicator acts as another way to gauge support and resistance levels.
What Are Fibonacci Retracement Levels?
Fibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur.
Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used.
The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points.
Suppose the price of a stock rises $10 and then drops $2.36. In that case, it has retraced 23.6%, which is a Fibonacci number. Fibonacci numbers are found throughout nature. Therefore, many traders believe that these numbers also have relevance in financial markets.
Fibonacci retracement levels were named after Italian mathemetician Leonardo Pisano Bigollo, who was famously known as Leonardo Fibonacci. However, Fibonacci did not create the Fibonacci sequence. Fibonacci, instead, introduced these numbers to western Europe after learning about them from Indian merchants. Fibonacci retracement levels were formulated in Ancient India between 450 and 200 BCE.
Details
-Change Fibonacci levels
-Select day, week, or month timeframe
Opening Range FibonaccisThis indicator uses the concept of the "Opening Range" to create a Fibonacci zone from the high and low set during a specific time period after open (Defaults to 9:30 - 10:05 AM, EST)
The Opening Range is a popular tool for intraday technical analysis. Price frequently uses these levels as support/resistance, and a breakout from within the range can be a sign of further movement.
The Fibonacci levels are set such that the opening range high/low fall on the +/-0.5 fib. This creates an "extended range" outside of the opening range that may be useful during breakouts.
Automated - Fibs with Market ordersThis script was recently shared for limit only orders here:
This version does not worry about keeping orders in the books and moving them around, instead it will simply market in and out.
I am sharing this to reveal the difference between the 2 setups.
Automated - Fibs with Limit only ordersAutomated - Fibs with Limit only orders
This script was designed to demonstrate how you can use a single alert to move your limit orders around.
It is not meant to be traded live and has been built to work with Binance Futures Testnet.
You will notice a lot of plots with 5 different titles.
New = Place your limit buy at a fixed-price.
Move = Cancel the current limit buy and place it at the new fixed-price.
Filled = Cancel any limit closes and places them anew based on the new average and take profit.
Cancel = Cancels exisiting limit buys.
Cloes All = Limit close filled, no commands necessary.
The default quantity in the command is the minimum order size on Binance.
Settings
Live
- If enabled it will only place trades after the "Stat Timestamp + Start Delay" that you provide.
Start Timestamp
- Use something similar to epochconverter to get the current timestamp.
Start Delay
- Gives you 1 minute by default to start the script and create your alert before it begins looking for a new entry.
Leverage
- Default 1. Affects the "Take Profit and DCA When" Settings.
Take Profit %
- This is the percentage above the current average you'd like to place your position close at.
DCA When %
- The percentage below your last entry that you're willing to buy again.
Note: This strategy has no stop-loss and pyramiding is enabled. It is not built for, or recommended to run live.
I hope this opens some doors and helps advance your personal trading system.
Good luck and happy scripting!
Auto Fib Retracement AlertsFor the fibonacci traders.
The Auto Fib Retracement Is a good indicator for tradingview to show you the current alerts and points to watch in the market
IMPORTANT SETTING => Retracement
This controls your alert levels
I have modified it to deliver the following
+Custom Fib retracement level alerts
+Drawing of old levels and retracement levels
+Backtesting Old Alerts
There are two shapes drawn on the chart;
Shown When the fib end is attained and market retraces back to your level
1. Buy retracement -
2. Sell retracement
How are they detected?
When we have new levels in the market; this is when the red or gree line changes, we calculate the new fib level that we will be watching for retracement
This is the purple level drawn on the chart
When the market first crosses below or above this level, The alert will be fired.
Consequent crosses are not updated
Enjoy! 😍
Originally requested by trade atechproduction
ote 3d v0This was supposed to be an automatic ICT OTE (Optimal Trade Entry) Fib level placement on a 3-day scale, but this did not turn out anywhere near close to how I envisioned it working.
Probably with some more development and applied math for the fib levels, I can get this to work even with breached 3D levels, but currently it's an exercise in frustration.
Custom Timeframe FibsThis is a testing project for fib levels to try out fivs on multi timeframes
Thank you ShoujiSuzuki
