OPEN-SOURCE SCRIPT
Fibonacci + Support/Resistant + Trendline (Price action)

This is opening source code version: Fibonacci + Support/Resistant + Trendline (One of Advanced Price action Analysis).
How it works:
It find entry Long/Short by combining: Fibonacci + Support/Resistant + Trendline

1. Find Impulse wave:
To findind Impulse wave, It uses Pivot High/Low to find Impulse wave. In case find entry Long, If having Pivot High higher Pivot High before, it will draw an Impulse wave.
2. Find entry at Fibonacci levels:
Draw Fibonacci fibonacci retracement from Pivot Low to Pivot High. A Fibonacci retracement forecast is created by taking two extreme points on a chart and dividing the vertical distance by important Fibonacci ratios. 0% is considered to be the start of the retracement, while 100% is a complete reversal to the original price before the move. Horizontal lines are drawn in the chart for these price levels to provide support and resistance levels. Common levels are 23.6%, 38.2%, 50%, and 61.8%
3. Find entry at Support/Resistant Zone:
Support/Resistant Zone drawed from Pivot High before, which price just breaken and return to retest.
4. Find entry at Trendline:
Trendline drawed from Pivot High/Low before, which price just breaken and return to retest.
How do use it:
+ You can customize the thickness of the lines.
+ You can set up an alert when the price touchs important areas.
How it works:
It find entry Long/Short by combining: Fibonacci + Support/Resistant + Trendline
1. Find Impulse wave:
To findind Impulse wave, It uses Pivot High/Low to find Impulse wave. In case find entry Long, If having Pivot High higher Pivot High before, it will draw an Impulse wave.
2. Find entry at Fibonacci levels:
Draw Fibonacci fibonacci retracement from Pivot Low to Pivot High. A Fibonacci retracement forecast is created by taking two extreme points on a chart and dividing the vertical distance by important Fibonacci ratios. 0% is considered to be the start of the retracement, while 100% is a complete reversal to the original price before the move. Horizontal lines are drawn in the chart for these price levels to provide support and resistance levels. Common levels are 23.6%, 38.2%, 50%, and 61.8%
3. Find entry at Support/Resistant Zone:
Support/Resistant Zone drawed from Pivot High before, which price just breaken and return to retest.
4. Find entry at Trendline:
Trendline drawed from Pivot High/Low before, which price just breaken and return to retest.
How do use it:
+ You can customize the thickness of the lines.
+ You can set up an alert when the price touchs important areas.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el creador de este script lo ha publicado en código abierto, permitiendo que otros traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la publicación de este código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.