OPEN-SOURCE SCRIPT
Actualizado TraderDemircan Fibonacci + XABCD Formation v1.0
This indicator automatically identifies the most recent significant swing low (Point X) and the subsequent swing high (Point A) to plot a comprehensive set of Fibonacci extension levels.
Beyond a standard Fibonacci tool, this script also projects a potential harmonic XABCD pattern. It identifies a retracement level (Point B) and projects a "C" target based on the XA=BC price projection. This provides traders with a complete visual framework of key support/resistance levels and potential price targets based on the last significant impulse move.
How It Works
Swing Detection (X & A Points): The script scans the previous Lookback Bars (user-defined) to find the lowest low, which it labels as Point X. It then finds the highest high that occurred after Point X, labeling it as Point A.
Fibonacci Levels: The price range between X and A (the "XA leg") is used as the basis (0.0 to 1.0) to draw 18 different Fibonacci levels, including key extensions (1.272, 1.618, 2.618, etc.) and retracements.
XABCD Projection (B & C Points):
Point B: The script dynamically identifies Point B at either the 0.382 or 0.5 retracement level of the XA leg, depending on the current price action. This shows the level that is currently acting as support.
Point C (Target): A target (Point C) is projected by adding the price range of the XA leg to the B point. This creates a classic XA=BC (or AB=CD, where the first leg is XA) price projection, offering a potential target for the next upward move.
Key Features
Automatic Swing Detection: Automatically finds and plots the X and A points, adapting to the latest price action.
Comprehensive Fibonacci Suite: Includes 18 toggleable Fibonacci levels (from 0.0 to 4.618) to cover all common retracement and extension targets.
XABCD Pattern & Target: Visually plots the X-A, A-B, and the projected B-C legs, clearly highlighting the C target.
Dynamic "B" Point: The B point label (0.382 or 0.5) updates to reflect which retracement level is currently in play.
On-Screen Info Table: A clean table in the top-right corner displays the exact price values for X, A, B, and the C Target for quick reference.
Full Customization: Users can control the visibility, color, width, and style of every Fibonacci level and pattern line.
Label Options: Toggle price labels (on the right) and percentage/level labels (on the left) for a clean or detailed chart.
Beyond a standard Fibonacci tool, this script also projects a potential harmonic XABCD pattern. It identifies a retracement level (Point B) and projects a "C" target based on the XA=BC price projection. This provides traders with a complete visual framework of key support/resistance levels and potential price targets based on the last significant impulse move.
How It Works
Swing Detection (X & A Points): The script scans the previous Lookback Bars (user-defined) to find the lowest low, which it labels as Point X. It then finds the highest high that occurred after Point X, labeling it as Point A.
Fibonacci Levels: The price range between X and A (the "XA leg") is used as the basis (0.0 to 1.0) to draw 18 different Fibonacci levels, including key extensions (1.272, 1.618, 2.618, etc.) and retracements.
XABCD Projection (B & C Points):
Point B: The script dynamically identifies Point B at either the 0.382 or 0.5 retracement level of the XA leg, depending on the current price action. This shows the level that is currently acting as support.
Point C (Target): A target (Point C) is projected by adding the price range of the XA leg to the B point. This creates a classic XA=BC (or AB=CD, where the first leg is XA) price projection, offering a potential target for the next upward move.
Key Features
Automatic Swing Detection: Automatically finds and plots the X and A points, adapting to the latest price action.
Comprehensive Fibonacci Suite: Includes 18 toggleable Fibonacci levels (from 0.0 to 4.618) to cover all common retracement and extension targets.
XABCD Pattern & Target: Visually plots the X-A, A-B, and the projected B-C legs, clearly highlighting the C target.
Dynamic "B" Point: The B point label (0.382 or 0.5) updates to reflect which retracement level is currently in play.
On-Screen Info Table: A clean table in the top-right corner displays the exact price values for X, A, B, and the C Target for quick reference.
Full Customization: Users can control the visibility, color, width, and style of every Fibonacci level and pattern line.
Label Options: Toggle price labels (on the right) and percentage/level labels (on the left) for a clean or detailed chart.
Notas de prensa
Update: Visual improvements to the labels for user experienceNotas de prensa
Update: Visual improvements to the labels for user experienceScript de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que la republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.