OPEN-SOURCE SCRIPT

MTF VWAP + Fibo Incremental deviations

I made a Fibo variant of my first script "VWAPs + devs" :
https://fr.tradingview.com/script/icS5nsDT/

This new indicator give you the possibility to plot multi timeframes VWAP (D, W, M, 3M and 12M ) and Fibo deviations for each one.

VWAP is a powerfull indicator which is used by big players to get informations if the price is "overbought" or "oversold". Deviations give the opportunity to have supports and resistances in those "over"-zones.

I searched for better results and found those defaults values :
  • Fib 1 level : 0.618
  • Fib 2 level : 0.786
  • Fib 3 level : 1.000
  • Fib 4 level : 1.618
  • Fib 5 level : 2.618


In the thumbnail, we can see that the 1.618 deviation level made a great support on the last uptrend for BTCUSDT .

You can change each values but low ones as 0.382 and 0.5 don't give really interesting supports/resistances.

I made this script as clear and simple as possible with only one menu in the parameters.

Some examples of what you can do :

BTCUSDT (Binance) H4 / D, W, M, 3M ,12M VWAP without devs
imagen

BTCUSDT (Binance) M5 / Daily VWAP + Fibo devs
imagen

Hope this will be useful for you !
deviationsfibonnaccimtfmulti-timeframemultitimeframevwapSupport and ResistanceVolume Weighted Average Price (VWAP)vwapbandsvwappivotpoints

Script de código abierto

Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.

¿Quiere utilizar este script en un gráfico?

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