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Extensión de Fibonacci

Fibonacci Time-Price Zones🟩 Fibonacci Time-Price Zones is a chart visualization tool that combines Fibonacci ratios with time-based and price-based geometry to analyze market behavior. Unlike typical Fibonacci indicators that focus solely on horizontal price levels, this indicator incorporates time into the analysis, providing a more dynamic perspective on price action. The indicator offers multiple ways to visualize Fibonacci relationships. Drawing segmented circles creates a unique perspective on price action by incorporating time into the analysis. These segmented circles, similar to TradingView's built-in Fibonacci Circles, are derived from Fibonacci time and price levels, allowing traders to identify potential turning points based on the dynamic interaction between price and time. As another distinct visualization method, the indicator incorporates orthogonal patterns, created by the intersection of horizontal and vertical Fibonacci levels. These intersections form L-shaped connections on the chart, derived from key Fibonacci price and time intervals, highlighting potential areas of support or resistance at specific points in time. In addition to these geometric approaches, another option is sloped lines, which project Fibonacci levels that account for both time and price along the trendline. These projections derive their angles from the interplay between Fibonacci price levels and Fibonacci time intervals, creating dynamic zones on the chart. The slope of these lines reflects the direction and angle of the trend, providing a visual representation of price alignment with market direction, while maintaining the time-price relationship unique to this indicator The indicator also includes horizontal Fibonacci levels similar to traditional retracement and extension tools. However, unlike standard tools, traders can display retracement levels, extension levels, or both simultaneously from a single instance of the indicator. These horizontal levels maintain consistency with the chosen visualization method, automatically scaling and adapting whether used with circles, orthogonal patterns, or slope-based analysis. By combining these distinct methods—circles, orthogonal patterns, sloped projections, and horizontal levels—the indicator provides a comprehensive approach to Fibonacci analysis based on both time and price relationships. Each visualization method offers a unique perspective on market structure while maintaining the core principle of time-price interaction. ⭕ THEORY AND CONCEPT ⭕ While traditional Fibonacci tools excel at identifying potential support and resistance levels through price-based ratios (0.236, 0.382, 0.618), they do not incorporate the dimension of time in market analysis. Extensions and retracements effectively measure price relationships within trends, yet markets move through both price and time dimensions simultaneously. Fibonacci circles represent an evolution in technical analysis by incorporating time intervals alongside price levels. Based on the mathematical principle that markets often move in circular patterns proportional to Fibonacci ratios, these circles project potential support and resistance zones as partial circles radiating from significant price points. However, traditional circle-based tools can create visual complexity that obscures key market relationships. The integration of time into Fibonacci analysis reveals how price movements often respect both temporal and price-based ratios, suggesting a deeper geometric structure to market behavior. The Fibonacci Time-Price Zones indicator advances these concepts by providing multiple geometric approaches to visualize time-price relationships. Each shape option—circles, orthogonal patterns, slopes, and horizontal levels—represents a different mathematical perspective on how Fibonacci ratios manifest across both dimensions. This multi-faceted approach allows traders to observe how price responds to Fibonacci-based zones that account for both time and price movements, potentially revealing market structure that purely price-based tools might miss. Shape Options The indicator employs four distinct geometric approaches to analyze Fibonacci relationships across time and price dimensions: Circular : Represents the cyclical nature of market movements through partial circles, where each radius is scaled by Fibonacci ratios incorporating both time and price components. This geometry suggests market movements may follow proportional circular paths from significant pivot points, reflecting the harmonic relationship between time and price. Orthogonal : Constructs L-shaped patterns that separate the time and price components of Fibonacci relationships. The horizontal component represents price levels, while the vertical component measures time intervals, allowing analysis of how these dimensions interact independently at key market points. Sloped : Projects Fibonacci levels along the prevailing trend, incorporating both time and price in the angle of projection. This approach suggests that support and resistance levels may maintain their relationship to price while adjusting to the temporal flow of the market. Horizontal : Provides traditional static Fibonacci levels that serve as a reference point for comparing price-only analysis with the dynamic time-price relationships shown in the other three shapes. This baseline approach allows traders to evaluate how the incorporation of time dimension enhances or modifies traditional Fibonacci analysis. By combining these geometric approaches, the Fibonacci Time-Price Zones indicator creates a comprehensive analytical framework that bridges traditional and advanced Fibonacci analysis. The horizontal levels serve as familiar reference points, while the dynamic elements—circular, orthogonal, and sloped projections—reveal how price action responds to temporal relationships. This multi-dimensional approach enables traders to study market structure through various geometric lenses, providing deeper insights into time-price symmetry within technical analysis. Whether applied to retracements, extensions, or trend analysis, the indicator offers a structured methodology for understanding how markets move through both price and time dimensions. 🛠️ CONFIGURATION AND SETTINGS 🛠️ The Fibonacci Time-Price Zones indicator offers a range of configurable settings to tailor its functionality and visual representation to your specific analysis needs. These options allow you to customize zone visibility, structures, horizontal lines, and other features. Important Note: The indicator's calculations are anchored to user-defined start and end points on the chart. When switching between charts with significantly different price scales (e.g., from Bitcoin at $100,000 to Silver at $30), adjustment of these anchor points is required to ensure correct positioning of the Fibonacci elements. Fibonacci Levels The indicator allows users to customize Fibonacci levels for both retracement and extension analysis. Each level can be individually configured with the following options: Visibility : Toggle the visibility of each level to focus on specific areas of interest. Level Value : Set the Fibonacci ratio for the level, such as 0.618 or 1.000, to align with your analysis needs. Color : Customize the color of each level for better visual clarity. Line Thickness : Adjust the line thickness to emphasize critical levels or maintain a cleaner chart. Setup Zone Type : Select which Fibonacci zones to display: - Retracement : Shows potential pull back levels within the trend - Extension : Projects levels beyond the trend for potential continuation targets - Both : Displays both retracement and extension zones simultaneously Shape : Choose from four visualization methods: - Circular : Time-price based semicircles centered on point B - Orthogonal : L-shaped patterns combining time and price levels - Sloped : Trend-aligned projections of Fibonacci levels - Horizontal : Traditional horizontal Fibonacci levels Visual Settings Fill % : Adjusts the fill intensity of zones: 0% : No fill between levels 100% : Maximum fill between levels Lines : Trendline : The base A-B trend with customizable color Extension : B-C projection line Retracement : B-D pullback line Labels : Points : Show/hide A, B, C, D markers Levels : Show/hide Fibonacci percentages Time-Price Points Set the time and price for the points that define the Fibonacci zones and horizontal levels. These points are defined upon loading the chart. These points can be configured directly in the settings or adjusted interactively on the live chart. A and B Points : These user-defined time and price points determine the basis for calculating the semicircles and Fibonacci levels. While the settings panel displays their exact values for fine-tuning, the easiest way to modify these points is by dragging them directly on the chart for quick adjustments. Interactive Adjustments : Any changes made to the points on the chart will automatically synchronize with the settings panel, ensuring consistency and precision. 🖼️ CHART EXAMPLES 🖼️ Fibonacci Time-Price Zones using the 'Circular' Shape option. Note the price interaction at the 0.786 level, which acts as a support zone. Additional points of interest include resistance near the 0.618 level and consolidation around the 0.5 level, highlighting the utility of both horizontal and semicircular Fibonacci projections in identifying key price areas. Fibonacci Time-Price Zones using the 'Sloped' Shape option. The chart displays price retracing along the sloped Fibonacci levels, with blue arrows highlighting potential support zones at 0.618 and 0.786, and a red arrow indicating potential resistance at the 1.0 level. This visual representation aligns with the prevailing downtrend, suggesting potential selling pressure at the 1.0 Fibonacci level. Fibonacci Time-Price Zones using the 'Orthogonal' Shape option. The chart demonstrates price action interacting with vertical zones created by the orthogonal lines at the 0.618, 0.786, and 1.0 Fibonacci levels. Blue arrows highlight potential support areas, while red arrows indicate potential resistance areas, revealing how the orthogonal lines can identify distinct points of price interaction. Fibonacci Time-Price Zones using the 'Circular' Shape option. The chart displays price action in relation to segmented circles emanating from the starting point (point A). The circles represent different Fibonacci ratios (0.382, 0.5, 0.618, 0.786) and their intersections with the price axis create potential zones of support and resistance. This approach offers a visually distinct way to analyze potential turning points based on both price and time. Fibonacci Time-Price Zones using the 'Sloped' Shape option. The sloped Fibonacci levels (0.786, 0.618, 0.5) create zones of potential support and resistance, with price finding clear interaction within these areas. The ellipses highlight this price action, particularly the support between 0.786 and 0.618, which aligns closely with the trend. Fibonacci Time-Price Zones using the 'Circular' Shape option. The price action appears to be ‘hugging’ the 0.5 Fibonacci level, suggesting potential resistance. This demonstrates how the circular zones can identify potential turning points and areas of consolidation which might not be seen with linear analysis. Fibonacci Time-Price Zones using the 'Sloped' Shape option with Point D marker enabled. The chart demonstrates clear price action closely following along the sloped Retracement line until the orthogonal intersection at the 0.618 levels where the trend is broken and price dips throughout the 0.618 to 0.786 horizontal zone. Price jumps back to the retracement slope at the start of the 0.786 horizontal zone and continues to the 1.0 horizontal zone. The aqua-colored retracement line is enabled to further emphasize this retracement slope . Geometric validation using TradingView's built-in Fibonacci Circle tool (overlaid). The alignment at the 0.5 and 1.0 levels demonstrates the indicator's consistent approximation of Fibonacci Circles. Comparison of Fibonacci Time-Price Zones (Shape: Horizontal) with TradingView's Built-in Retracement and Extension Tools (overlaid): This example demonstrates how the Horizontal structure aligns with TradingView’s retracement and extension levels, allowing users to integrate multiple tools seamlessly. The Fibonacci circle connects retracement and extension zones, highlighting the potential relationship between past retracements and future extensions. 📐 GEOMETRIC FOUNDATIONS 📐 This indicator integrates circular and straight representations of Fibonacci levels, specifically the Circular , Orthogonal , Sloped , and Horizontal shape options. The geometric principles behind these shapes differ significantly, requiring distinct scaling methods for accurate representation. The Circular shape employs logarithmic scaling with radial expansion, where the distance from a central point determines the level's position, creating partial circles that align with TradingView's built-in Fibonacci Circle tool. The other three shapes utilize geometric progression scaling for linear extension from a starting point, resulting in straight lines that align with TradingView's built-in Fibonacci retracement and extension tools. Due to these distinct geometric foundations and scaling methods, perfectly aligning both the partial circles and straight lines simultaneously is mathematically constrained, though any differences are typically visually imperceptible. The Circular shape's partial circles are calculated and scaled to align with TradingView's built-in Fibonacci Circles. These circles are plotted from the second swing point onward. This approach ensures consistent and accurate visualization across all market types, including those with gaps or closed sessions, which unlike 24/7 markets, do not have a direct one-to-one correspondence between bar indices and time. To maintain accurate geometric proportions across varying chart scales, the indicator calculates an aspect ratio by normalizing the proportional difference between vertical (price) and horizontal (time) distances of the swing points. This normalization factor ensures geometric shapes maintain their mathematical properties regardless of price scale magnitude or time period span, while maintaining the correct proportions of the geometric constructions at any chart zoom level. The indicator automatically applies the appropriate scaling factor based on the selected shape option, optimizing either circular proportions and proper radius calculations for each Fibonacci level, or straight-line relationships between Fibonacci levels. These distinct scaling approaches maintain mathematical integrity while preserving the essential characteristics of each geometric representation, ensuring optimal visualization accuracy whether using circular or linear shapes. ⚠️ DISCLAIMER ⚠️ The Fibonacci Time-Price Zones indicator is a visual analysis tool designed to illustrate Fibonacci relationships through geometric constructions incorporating both curved and straight lines, providing a structured framework for identifying potential areas of price interaction. It is not intended as a predictive or standalone trading signal indicator. The indicator calculates levels and projections using user-defined anchor points and Fibonacci ratios. While it aims to align with TradingView’s Fibonacci extension, retracement, and circle tools by employing mathematical and geometric formulas, no guarantee is made that its calculations are identical to TradingView's proprietary methods. Like all technical and visual indicators, these visual representations may visually align with key price zones in hindsight, reflecting observed price dynamics. However, these visualizations are not standalone signals for trading decisions and should be interpreted as part of a broader analytical approach. This indicator is intended for educational and analytical purposes, complementing other tools and methods of market analysis. Users are encouraged to integrate it into a comprehensive trading strategy, customizing its settings to suit their specific needs and market conditions. 🧠 BEYOND THE CODE 🧠 The Fibonacci Time-Price Zones indicator is designed to encourage both education and community engagement. By integrating time-sensitive geometry with Fibonacci-based frameworks, it bridges traditional grid-based analysis with dynamic time-price relationships. The inclusion of semicircles, horizontal levels, orthogonal structures, and sloped trends provides users with versatile tools to explore the interaction between price movements and temporal intervals while maintaining clarity and adaptability. As an open-source tool, the indicator invites exploration, experimentation, and customization. Whether used as a standalone resource or alongside other technical strategies, it serves as a practical and educational framework for understanding market structure and Fibonacci relationships in greater depth. Your feedback and contributions are essential to refining and enhancing the Fibonacci Time-Price Zones indicator. We look forward to the creative applications, adaptations, and insights this tool inspires within the trading community.
Indicador de Pine Script™
por xxattaxx
6
Fibonacci Confluence Toolkit [LuxAlgo]The Fibonacci Confluence Toolkit is a technical analysis tool designed to help traders identify potential price reversal zones by combining key market signals and patterns. It highlights areas of interest where significant price action or reactions are anticipated, automatically applies Fibonacci retracement levels to outline potential pullback zones, and detects engulfing candle patterns. Its unique strength lies in its reliance solely on price patterns, eliminating the need for user-defined inputs, ensuring a robust and objective analysis of market dynamics. 🔶 USAGE The script begins by detecting CHoCH (Change of Character) points—key indicators of shifts in market direction. This script integrates the principles of pure price action as applied in Pure-Price-Action-Structures , where further details on the detection process can be found. The detected CHoCH points serve as the foundation for defining an Area of Interest (AOI), a zone where significant price action or reactions are anticipated. As new swing highs or lows emerge within the AOI, the tool automatically applies Fibonacci retracement levels to outline potential retracement zones. This setup enables traders to identify areas where price pullbacks may occur, offering actionable insights into potential entries or reversals. Additionally, the toolkit highlights engulfing candle patterns within these zones, further refining entry points and enhancing confluence for better-informed trading decisions based on real-time trend dynamics and price behavior. 🔶 SETTINGS 🔹 Market Patterns Bullish Structures: Enable or disable all bullish components of the indicator. Bearish Structures: Enable or disable all bearish components of the indicator. Highlight Area of Interest: Toggle the option to highlight the Areas of Interest (enabled or disabled). CHoCH Line: Choose the line style for the CHoCH (Solid, Dashed, or Dotted). Width: Adjust the width of the CHoCH line. 🔹 Retracement Levels Choose which Fibonacci retracement levels to display (e.g., 0, 0.236, 0.382, etc.). 🔹 Swing Levels & Engulfing Patterns Swing Levels: Select how swing levels are marked (symbols like ◉, △▽, or H/L). Engulfing Candle Patterns: Choose which engulfing candle patterns to detect (All, Structure-Based, or Disabled). 🔶 RELATED SCRIPTS Pure-Price-Action-Structures.
Indicador de Pine Script™
por LuxAlgo
12
Onchain Analysis - BTCIntroduction This indicator is designed to equip traders with actionable insights into long-term BITSTAMP:BTCUSD market dynamics through a blend of on-chain metrics and technical tools. It provides a streamlined visualization of market sentiment and critical price levels using unique and proprietary methodologies. The script features: NUPL (Net Unrealized Profit/Loss) with advanced bar color coding. 350DMA and 350DMAx2, offering insights into key Bitcoin cycle levels. Logarithmic Fibonacci Extension, aiding in precise target setting during price discovery phases. Core Functionality NUPL Analysis NUPL reflects the network's aggregate unrealized profit or loss, calculated as (Market Cap − Realized Cap) / Market Cap. Bars are color-coded dynamically to simplify the interpretation of market sentiment. The emotional states (e.g., euphoria, fear) are visually represented for quick analysis, making this indicator particularly valuable for traders monitoring Bitcoin's macro cycles. This implementation improves clarity by aggregating NUPL across all holders rather than separating short- and long-term holders. 350DMA and 350DMAx2 The 350DMAx2 line has historical relevance as a key level during Bitcoin bull cycles, often acting as a resistance point during price rallies. This implementation also includes precise visualization of price interaction with the 350DMA, enabling traders to anticipate potential retracement or breakout zones. Furthermore, to minimize chart clutter, the 350DMA and 350DMAx2 lines are designed to dynamically appear only when the price is near these levels. This ensures that traders can focus on relevant data without unnecessary visual distractions. Logarithmic Fibonacci Extensions Unlike traditional Fibonacci extensions, logarithmic levels better suit assets like Bitcoin that grow exponentially. The calculated levels provide traders with clear targets in price discovery phases, enhancing the utility of this feature. Key Advantages and Unique Features Enhanced Visualization : NUPL bar color-coding simplifies sentiment analysis, allowing traders to instantly identify key turning points in market psychology. Historical Context : The script incorporates insights derived from past market cycles, emphasizing the significance of 350DMAx2 levels. Customization : Traders can adapt settings like lookback periods (e.g., 500 for daily, 100 for weekly) to fit their preferred timeframe and trading strategy. Proprietary Insights : The script integrates logarithmic Fibonacci levels in a unique manner, optimizing their application to logarithmic assets. Why This Indicator is Valuable This indicator is not a simple combination of existing tools; it is a carefully curated suite of functionalities designed to address specific needs of crypto traders. The advanced NUPL representation and integration of logarithmic Fibonacci make it a distinct addition to any trader's toolkit. It provides clarity in interpreting long-term trends and offers actionable insights for navigating Bitcoin's cyclical nature. How to Use NUPL Monitoring Pay close attention to initial color changes, e.g. orange and red, since it may establish clear pull-back. Especially, when bars turn black, it suggests that the market is heavily in profit, often signaling a market top. 350DMAx2 Interaction If the price is trading below or near the 350DMAx2 level, it often reflects a key resistance zone. Historically, price rejections from this level are common, offering traders critical insights into potential retracement scenarios. Logarithmic Fibonacci Extensions Logarithmic Fibonacci extension levels are especially valuable for assets like BITSTAMP:BTCUSD , which exhibit logarithmic growth. These levels provide: Target Identification: During price discovery phases, the logarithmic Fibonacci levels act as critical resistance or support points, enabling traders to set realistic price targets. Market Top Detection: When extreme NUPL values (e.g., black bars) align with price interaction near logarithmic Fibonacci levels, the likelihood of a market top increases significantly. This alignment offers a robust method for identifying overbought or overextended market conditions. Combining Concepts When NUPL's extreme signals (e.g., red or black bars) align with price movements near the 350DMAx2 level, the likelihood of a significant pullback increases. Additionally, these scenarios can be further validated by observing logarithmic Fibonacci resistance levels, which can provide added confidence in identifying market tops during price discovery phases.
Indicador de Pine Script™
por zekicanozkanli
1
FibExtender [tradeviZion]FibExtender : A Guide to Identifying Resistance with Fibonacci Levels Introduction Fibonacci levels are essential tools in technical analysis, helping traders identify potential resistance and support zones in trending markets. FibExtender is designed to make this analysis accessible to traders at all levels, especially beginners, by automating the process of plotting Fibonacci extensions. With FibExtender, you can visualize potential resistance levels quickly, empowering you to make more informed trading decisions without manually identifying every pivot point. In this article, we’ll explore how FibExtender works, guide you step-by-step in using it, and share insights for both beginner and advanced users. What is FibExtender ? FibExtender is an advanced tool that automates Fibonacci extension plotting based on significant pivot points in price movements. Fibonacci extensions are percentages based on prior price swings, often used to forecast potential resistance zones where price might reverse or consolidate. By automatically marking these Fibonacci levels on your chart, FibExtender saves time and reduces the complexity of technical analysis, especially for users unfamiliar with calculating and plotting these levels manually. FibExtender not only identifies Fibonacci levels but also provides a customizable framework where you can adjust anchor points, colors, and level visibility to suit your trading strategy. This customization allows traders to tailor the indicator to fit different market conditions and personal preferences. Key Features of FibExtender FibExtender offers several features to make Fibonacci level analysis easier and more effective. Here are some highlights: Automated Fibonacci Level Identification : The script automatically detects recent swing lows and pivot points to anchor Fibonacci extensions, allowing you to view potential resistance levels with minimal effort. Customizable Fibonacci Levels : Users can adjust the specific Fibonacci levels they want to display (e.g., 0.618, 1.0, 1.618), enabling a more focused analysis based on preferred ratios. Each level can be color-coded for visual clarity. Dual Anchor Points : FibExtender allows you to choose between anchoring levels from either the last pivot low or a recent swing low, depending on your preference. This flexibility helps in aligning Fibonacci levels with key market structures. Transparency and Visual Hierarchy : FibExtender automatically adjusts the transparency of levels based on their "sequence age," creating a subtle visual hierarchy. Older levels appear slightly faded, helping you focus on more recent, potentially impactful levels. Connection Lines for Context : FibExtender draws connecting lines from recent lows to pivot highs, allowing users to visualize the price movements that generated each Fibonacci extension level. Step-by-Step Guide for Beginners Let’s walk through how to use the FibExtender script on a TradingView chart. This guide will ensure that you’re able to set it up and interpret the key information displayed by the indicator. Step 1: Adding FibExtender to Your Chart Open your TradingView chart and select the asset you wish to analyze. Search for “FibExtender ” in the Indicators section. Click to add the indicator to your chart, and it will automatically plot Fibonacci levels based on recent pivot points. Step 2: Customizing Fibonacci Levels Adjust Levels : Under the "Fibonacci Settings" tab, you can enable or disable specific levels, such as 0.618, 1.0, or 1.618. You can also change the color for each level to improve visibility. Set Anchor Points : Choose between "Last Pivot Low" and "Recent Swing Low" as your Fibonacci anchor point. If you want a broader view, choose "Recent Swing Low"; if you prefer tighter levels, "Last Pivot Low" may be more suitable. Fib Line Length : Modify the line length for Fibonacci levels to make them more visible on your chart. Step 3: Spotting Visual Clusters (Manual Analysis) Identify Potential Resistance Clusters : Look for areas on your chart where multiple Fibonacci levels appear close together. For example, if you see 1.0, 1.272, and 1.618 levels clustered within a small price range, this may indicate a stronger resistance zone. Why Clusters Matter : Visual clusters often signify areas where traders expect heightened price reaction. When levels are close, it suggests that resistance may be reinforced by multiple significant ratios, making it harder for price to break through. Use these clusters to anticipate potential pullbacks or consolidation areas. Step 4: Observing the Price Action Around Fibonacci Levels As price approaches these identified levels, watch for any slowing momentum or reversal patterns, such as doji candles or bearish engulfing formations, that might confirm resistance. Adjust Strategy Based on Resistance : If price hesitates or reverses at a clustered resistance zone, it may be a signal to secure profits or tighten stops on a long position. Advanced Insights (for Intermediate to Advanced Users) For users interested in the technical workings of FibExtender, this section provides insights into how the indicator functions on a code level. Pivot Point and Swing Detection FibExtender uses a pivot-high and pivot-low detection function to identify significant price points. The upFractal and dnFractal variables detect these levels based on recent highs and lows, creating the basis for Fibonacci extension calculations. Here’s an example of the code used for this detection: // Fractal Calculations upFractal = ta.pivothigh(n, n) dnFractal = ta.pivotlow(n, n) By setting the number of periods for n, users can adjust the sensitivity of the script to recent price swings. Fibonacci Level Calculation The following function calculates the Fibonacci levels based on the selected pivot points and applies each level’s specific ratio (e.g., 0.618, 1.618) to project extensions above the recent price swing. calculateFibExtensions(float startPrice, float highPrice, float retracePrice) => fibRange = highPrice - startPrice var float levels = array.new_float(0) array.clear(levels) if array.size(fibLevels) > 0 for i = 0 to array.size(fibLevels) - 1 level = retracePrice + (fibRange * array.get(fibLevels, i)) array.push(levels, level) levels This function iterates over each level enabled by the user, calculating extensions by multiplying the price range by the corresponding Fibonacci ratio. Example Use Case: Identifying Resistance in Microsoft (MSFT) To better understand how FibExtender highlights resistance, let’s look at Microsoft’s stock chart (MSFT), as shown in the image. The chart displays several Fibonacci levels extending upward from a recent pivot low around $408.17. Here’s how you can interpret the chart: Clustered Resistance Levels : In the chart, note the grouping of several Fibonacci levels in the range of $450–$470. These levels, particularly when tightly packed, suggest a zone where Microsoft may encounter stronger resistance, as multiple Fibonacci levels signal potential barriers. Applying Trading Strategies : As price approaches this clustered resistance, traders can watch for weakening momentum. If price begins to stall, it may be wise to lock in profits on long positions or set tighter stop-loss orders. Observing Momentum Reversals : Look for specific candlestick patterns as price nears these levels, such as bearish engulfing candles or doji patterns. Such patterns can confirm resistance, helping you make informed decisions on whether to exit or manage your position. Conclusion: Harnessing Fibonacci Extensions with FibExtender FibExtender is a powerful tool for identifying potential resistance levels without the need for manual Fibonacci calculations. It automates the detection of key swing points and projects Fibonacci extensions, offering traders a straightforward approach to spotting potential resistance zones. For beginners, FibExtender provides a user-friendly gateway to technical analysis, helping you visualize levels where price may react. For those with a bit more experience, the indicator offers insight into pivot points and Fibonacci calculations, enabling you to fine-tune the analysis for different market conditions. By carefully observing price reactions around clustered levels, users can identify areas of stronger resistance and refine their trade management strategies accordingly. FibExtender is not just a tool but a framework for disciplined analysis. Using Fibonacci levels for guidance can support your trading decisions, helping you recognize areas where price might struggle or reverse. Integrating FibExtender into your trading strategy can simplify the complexity of Fibonacci extensions and enhance your understanding of resistance dynamics. Note: Always practice proper risk management and thoroughly test the indicator to ensure it aligns with your trading strategy. Past performance is not indicative of future results. Trade smarter with TradeVizion—unlock your trading potential today!
Indicador de Pine Script™
por TradeVizion
4
Fibonacci Swing Trading BotStrategy Overview for "Fibonacci Swing Trading Bot" Strategy Name: Fibonacci Swing Trading Bot Version: Pine Script v5 Purpose: This strategy is designed for swing traders who want to leverage Fibonacci retracement levels and candlestick patterns to enter and exit trades on higher time frames. Key Components: 1. Multiple Timeframe Analysis: The strategy uses a customizable timeframe for analysis. You can choose between 4hour, daily, weekly, or monthly time frames to fit your preferred trading horizon. The high and low-price data is retrieved from the selected timeframe to identify swing points. 2. Fibonacci Retracement Levels: The script calculates two key Fibonacci retracement levels: 0.618: A common level where price often retraces before resuming its trend. 0.786: A deeper retracement level, often used to identify stronger support/resistance areas. These levels are dynamically plotted on the chart based on the highest high and lowest low over the last 50 bars of the selected timeframe. 3. Candlestick Based Entry Signals: The strategy uses candlestick patterns as the only indicator for trade entries: Bullish Candle: A green candle (close > open) that forms between the 0.618 retracement level and the swing high. Bearish Candle: A red candle (close < open) that forms between the 0.786 retracement level and the swing low. When these candlestick patterns align with the Fibonacci levels, the script triggers buy or sell signals. 4. Risk Management: Stop Loss: The stop loss is set at 1% below the entry price for long trades and 1% above the entry price for short trades. This tight risk management ensures controlled losses. Take Profit: The strategy uses a 2:1 risk-to-reward ratio. The take profit is automatically calculated based on this ratio relative to the stop loss. 5. Buy/Sell Logic: Buy Signal: Triggered when a bullish candle forms above the 0.618 retracement level and below the swing high. The bot then places a long position. Sell Signal: Triggered when a bearish candle forms below the 0.786 retracement level and above the swing low. The bot then places a short position. The stop loss and take profit levels are automatically managed once the trade is placed. Strengths of This Strategy: Swing Trading Focus: The strategy is ideal for swing traders, targeting longer-term price moves that can take days or weeks to play out. Simple Yet Effective Indicators: By only relying on Fibonacci retracement levels and basic candlestick patterns, the strategy avoids complexity while capitalizing on well-known support and resistance zones. Automated Risk Management: The built-in stop loss and take profit mechanism ensures trades are protected, adhering to a strict 2:1 risk/reward ratio. Multiple Timeframe Analysis: The script adapts to various market conditions by allowing users to switch between different timeframes (4hour, daily, weekly, monthly), giving traders flexibility. Strategy Use Cases: Retracement Traders: Traders who focus on entering the market at key retracement levels (0.618 and 0.786) will find this strategy especially useful. Trend Reversal Traders: The strategy’s reliance on candlestick formations at Fibonacci levels helps traders spot potential reversals in price trends. Risk Conscious Traders: With its 1% risk per trade and 2:1 risk/reward ratio, the strategy is ideal for traders who prioritize risk management in their trades.
Estrategia de Pine Script™
por jontucklogic7467
Logarithmic and Linear Fibonacci LevelsIntroduction Fibonacci levels are a technical analysis tool used by some traders to identify potential support and resistance levels. The principle for determining these levels is to take the distance between selected reference high and low points (swing high and swing low in general) as 1 unit and mark the ratios derived from the Fibonacci sequence, such as 0.236, 0.382, 0.618, etc., over this 1 unit. In the conventional method of level determination, the 1 unit is divided into equal distances within itself, and Fibonacci levels are determined based on these equal distances. These types of levels are called Linear Levels . A relatively less common method involves dividing the 1 unit into progressively smaller, more accurately described as proportionally equal, distances and determining Fibonacci levels based on these distances. These types are called Logarithmic Levels . The purpose of this indicator is to provide ease of use in determining both Linear and Logarithmic levels. Where can it be Used? Logarithmic Levels can be used in any instrument where volatility is high for any reason. Specifically in crypto, Logarithmic Levels work very well for BINANCE:BTCUSDT (to observe this, please study the wick from January 23, 2024). As another example, Logarithmic Levels can be used to identify potential accumulation and distribution schemes in altcoins with relatively high volume and market capitalization (refer to the chart provided above BINANCE:FETUSDT ). Additionally, when analyzing traditional markets, Logarithmic Levels can be beneficial for stocks with highly inflated or deflated prices (e.g., NASDAQ:TSLA , NASDAQ:NVDA ), in stock markets of countries battling high inflation (e.g., BIST:XU100 ), or in currency pairs of countries experiencing a recession (e.g., FX_IDC:JPYUSD ). How can it be Used? It is designed similarly to the Fibonacci Tool provided by Trading View to ensure users feel familiar with it. When you start the indicator, select the reference levels (Level 1 and Level 0), then click on the indicator settings to choose specific levels and customize them according to your preferences. What Makes it Unique? Indeed, in the Fibonacci Tool provided by Trading View, we can see both linear and logarithmic levels. However, to view logarithmic levels, it is necessary to switch the relevant instrument's Super Chart to a logarithmic scale. This causes the levels we want to remain 'linear' to also be displayed in their logarithmic form, potentially leading to errors in other indicators we use, incorrect functioning of trend lines drawn in linear scaling, and so on. Additionally, when the Super Chart is scaled logarithmically, it prevents the ability to set alerts for prices and trend lines. This indicator was created to avoid these problems without needing to change the chart's scaling method and to allow the simultaneous viewing of both Linear and Logarithmic levels.
Indicador de Pine Script™
por zekicanozkanli
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.
Indicador de Pine Script™
por GorbAlgo
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).
Indicador de Pine Script™
por Sofien-Kaabar
2
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
Indicador de Pine Script™
por AtillaYurtseven
11
FIBO ZONESThe "Fibonacci ZONES" indicator combines Fibonacci ratio-derived zones(channels), together with a Fibonacci pattern of the Previous period high/low. Auto Fibonacci tools are powerful ways designed to simplify your technical analysis by automatically drawing Fibonacci retracement and extension levels on your chart. This indicator is built to enhance your trading experience with clearer market moves and informative insights. You can easily spot your waves and patterns when the percentages are moving with you. Key Features: Automated Fibonacci Levels: Plots Fibonacci retracement and extension levels based on recent price movements. Multi-Timeframe Support: This indicator is your versatile companion, offering multi-timeframe functionality. You can seamlessly track Fibonacci levels across different resolutions, providing a comprehensive view of the market. Two Types of Fibs: Retracement and Timeframe extension Fibonacci levels. Use retracements to identify potential reversal points and extensions to anticipate price targets, giving you a well-rounded perspective on market movements. Benefits: Save Time: No more manual Fibonacci drawing; It does this for you in real-time. Enhanced Analysis: Gain a deeper understanding of potential support, resistance, and price targets. User-Friendly: Suitable for traders of all levels, this indicator simplifies complex technical analysis. Breakouts from a Fibonacci Channel are also indicated by labels, indicating a potential reversal. Each range extremity/area can also be used as support/resistance.
Indicador de Pine Script™
por Game_0f_Pivot
1
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!
Indicador de Pine Script™
por QuantVue
29
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
Indicador de Pine Script™
por QuantVue
5
Fibonacci TradingFibonacci Trading This simple script draw Fibonacci Retracement to define pullback level and draw Fibonacci Extension to define target level of a upward wave or doward wave 1. Upward wave 1.1 Fibonacci Retracement + Fibonacci Retracement measuare from support to nearest resistance on the right. + Retracement Level 0 named as "Breake Even" + Retracement Level 100 named as "Long Invalidation" + Retracement Level 50 and 61.8 is ploted as blue line + The zone between Retracement Level 50 and 100 is filled by blue color and named as "Buy zone" 1.2 Fibonacci Extension + Fibonacci Extension measuare from Retracement Level 61.8 to Retracement Level 0 + Fibonacci Extension Level 161.8 named as "Tp1 (Target point 1)" + Fibonacci Extension Level 261.8 named as "Tp2 (Target point 2)" 2. Doward wave 2.1 Fibonacci Retracement + Fibonacci Retracement measuare from resistance to nearest support on the right. + Retracement Level 0 named as "Breake Even" + Retracement Level 100 named as "Short Invalidation" + Retracement Level 50 and 61.8 is ploted as red line + The zone between Retracement Level 50 and 100 is filled by red color and named as "Sell zone" 2.2 Fibonacci Extension + Fibonacci Extension measuare from Retracement Level 61.8 to Retracement Level 0 + Fibonacci Extension Level 161.8 named as "Tp1 (Target point 1)" + Fibonacci Extension Level 261.8 named as "Tp2 (Target point 2)" 3. Trading Setup 3.1 Long Only: Only display Fibonacci of Upward wave 3.2 Short Only: Only display Fibonacci of Doward wave 3.3 Both: Display both Fibonacci of Upward wave and Doward wave
Indicador de Pine Script™
por inno14
19
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!
Indicador de Pine Script™
por QuantVue
12
Auto Fibonacci Levels [MisterMoTA]Using Auto Fibonacci Levels indicator users can find automatically Fibonacci Extension points where price can go after a period of consolidation (sideways or can find points for support/resistance on retracement levels that can be displayed for any defined range. The script is different from others by letting users to define a consolidation range, user can input the time when range ends and the number of candles for looking back from the defined time, default value is 16 candles. Users have total control over range definitions, fibonacci numbers, colors and option to show or hide the lines. The user can choose to display Fibomacci Bullish Expansion levels and also Fibonacci Bearish Expansion level. After a move hit a resistance or support can be choosed a range to find retracement levels, Bullish or Bearish retracement levels can be displayed checking the options from the indicator pannel. Here are few examples of usage: 1. Bullish expansion (extension) 2. Bearish expansion (extension) 3. Bullish Retracement 4. Bearish Retracement The indicator can be used on any timeframe for any pairs, stocks, crypto, forex.
Indicador de Pine Script™
por NexusSignals
23
Fibonacci Levels on Any Indicator [By MUQWISHI]▋ INTRODUCTION : A “Fibonacci Levels on Any Indicator” can be applied to any indicator to draw Fibonacci levels based on provided conditions of two price points to produce a sequence of horizontal line levels starting from 0% to 100% in addition to extension levels. The 0% level is measured as the start of retracement, while the 100% level is the beginning of the extension levels. This tool was developed to be easy to add to any indicator, and it could be valuable to some traders in terms of managing trades by setting targets and reducing risk in the trend direction. _______________________ ▋ USAGE: ➤ NEEDS TO IDENTIFY 4 ELEMENTS: 1. Starting Point. What’re the conditions / When will the drawing of the Fibonacci levels begin? 2. Ending Point. What’re the conditions / When will the drawing of the Fibonacci levels end? 3. High Point. What is the price for a 100% Fibonacci level (0% for the downside)? 4. Low Point. What is the price for a 0% Fibonacci level (100% for the downside)? ➤ STARTING & ENDING POINTS CONDITIONS: Need to specify the condition when the drawing of Fibonacci levels starts and ends, and the indicator shows different prepared conditions. New Phase: Import a value (plot) from an existing indicator, where its status changes from NaN to a real number. Crosses Above/Below: Import a value(1) (plot) from an existing indicator, where it crosses above/below value(2). Reversal Up/Down: Import a value(1) (plot) from an existing indicator, where it rises/decreases than the previous value(1). First/Last Bar: Useful to draw stationary Fibonacci levels. ➤ UPPER & LOWER PIVOTS (0% & 100%): Need to specify the two price points representing 0% & 100% Fibonacci levels to expose the sequence of Fibonacci lines. Upper Pivot. By default, the ATR Upper Band. It’s possible to import a custom value from an existing indicator. Lower Pivot. By default, the ATR Lower Band. It’s possible to import a custom value from an existing indicator. ➤ FIBONACCI STYLING OPTIONS: Ability to customize line & label style, color, reverse, and hide/show levels. _______________________ ▋ IMPLEMENTATION: Here are some examples of implementing the indicator. Note: All presented examples below are for demonstration purposes, and they're not trading suggestions. ＃ Example 1: (Reversal Up/Down) We want to implement Fibonacci levels on the Hull MA by mohamed982 . Our requirements are as follows: Fibonacci levels start when the Hull MA reverses up. Fibonacci levels end when the Hull MA reverses down. Upper Pivot is the ATR Upper Band. Lower Pivot is the ATR Lower Band. After adding the required indicator (Hull MA), here’re the implementation and results ＃ Example 2: (Crosses Above/Below) We want to implement Fibonacci Level on the Squeeze Momentum by LazyBear . Our requirements are as follows: Fibonacci levels start when the Squeeze Momentum histogram crosses above 0. Fibonacci levels end when the Squeeze Momentum histogram crosses below 0. Upper Pivot is the Bollinger Upper Band. Lower Pivot is the Bollinger Lower Band. After adding the required indicators (Squeeze Momentum & Bollinger Band), here’re the implementation and results ＃ Example 3: (Crosses Above/Below) We want to implement Fibonacci Level on the Crossing Moving Averages. Our requirements are as follows: Fibonacci levels start when the 20-EMA crosses above 100-MA. Fibonacci levels end when the 20-EMA crosses below 100-MA. Upper Pivot is the ATR Upper Band. Lower Pivot is the ATR Lower Band. After adding the required indicators (20-EMA & 100-MA), here’re the implementation and results ＃ Example 4: (New Phase: When the previous value is NaN, and the current value is a real number.) We want to implement Fibonacci Level on the Supertrend. Our requirements are as follows: Fibonacci levels start when an up-Supertrend (green) line shows up. Fibonacci levels end when a down-Supertrend (red) line shows up. Upper Pivot is the down-Supertrend. Lower Pivot is the up-Supertrend. After adding the required indicator (Supertrend), here’re the implementation and results ＃ Example 5: (First/Last Bar) We want to implement Fibonacci Level between two points, 330 & 300. Our requirements are as follows: Fibonacci levels start at first bar on the chart. Fibonacci levels end at last bar on the chart. Upper Pivot is 330. Lower Pivot is 300. Here’re the implementation and results. To customize the number of bars back (like 50 bars) _______________________ ▋ Final Comments: The “Fibonacci Levels on Any Indicator” is made to apply on other indicators for planning Fibonacci Levels. It can be implemented in different ways, along with presented examples. This indicator does not work with plots that were developed by drawing classes. Please let me know if you have any questions. Thank you.
Indicador de Pine Script™
por MUQWISHI
6
Custom Fib by Dr. MauryaThis indicator is based on purely Fibonacci levels. How it works: Let's first understand the Fibonacci levels. The main Fibonacci numbers are 0, 0.236, 0.392, 0.5, 0.618, 0.764, 1 whereas 0 equal to low and 1 equal to high. As the market is moving in any direction, new lows or new highs are developing and hence Fibonacci levels are also changing throughout the time. Sometime market retraces from various levels like 0.5, 0.618/0.382(mirror value), 0.762/0.236 (mirror value). Retracement : The three mid-level 0.382, 0.5 and 0.618 are act as a retracement or like pivot levels for market. These levels are filled with green and red colors to attention the buyers and sellers to take a trade either side if any candlestick pattern are observed at these levels. one direction trend takes support of 0.236/0.786(mirror value) (blue line in chart) Sometime buy/sell on dip levels are happen at 0.762/0.392 (mirror value). Targets: Target could be Fibonacci extension level lowest targets (1, 1.18, 1.23,), medium targets (1.39, 1.5, 1.61) and large target (2.0, 2.5.2.61, 3.0) as depended on your study volume levels and trend strength. Stoploss: You can choose any preceding lines for stoploss: e.g. if you enter long on 0.618 or 0.5 levels you can set SL on 0.762 Previous day three mid-point 0.382, 0.5, 0.618 (filled with red and green color) as well as high and low could also act as resistance or support levels for current day market. Lets understand the Input section of indicator The first input section allowed to choose where you want to start developing Fibonacci : select session for intraday then weekly, monthly and yearly options are available. Now you can set any Fibonacci levels (as you wish) you can set upto 20 levels. By default, total 7 Fibonacci levels are plotted (0, 0.236, 0.392, 0.618, 0.762 and 1. Further you can set Fibonacci extension level for long side (1.18, 1.23, 1.39, 1.5, 1.61, 2 etc). You must be careful when you enter Fibonacci extension level lower side (short side). You need to enter value -0.5 (equal to 1.5 for long). -0.618 (equal to 1.618 for long), -1(equal to 2.0 for long). You can fill color between any two adjacent lines from style sections. You can also select labels from input tab if you want to see Fibonacci numbers on chart as labels. You can also shift the labels from current bar to desired offset bar by changing the value in input section. Conclusion This indicator is highly customisable developing Fibonacci levels because everyone and different scripts works on different fib levels. This indicator keeps the Fibonacci levels at a particular time and it plots only new lines when new low or high established without affecting the previous Fibonacci levels. Overall, as the market moves, you will find the trending plot goes which side.
Indicador de Pine Script™
por MAURYA_ALGO_TRADER
4
AutoLevels3.0AutoLevels is a script based on the ATR ( Average True Range ) of price action over the past 14 days. It calculates those and includes Fibonacci Extensions to create Levels that are Automatically created each morning. These are not based on past price action but are well respected and easily show patterns throughout the day. Levels are made up of a BULL BAR , a BEAR BAR ( Go long above Bull, short below Bear Bar ) and the various extensions beyond them. Common Liquidity areas are also highlighted as tan/yellow bars. These are common reversal and contention levels should price action approach them. Also included are 4 EMAs that have been transformed into 2 separate EMA clouds. These clouds will change color when bearish / bullish and crossing and signal up and downtrends and compress during chop. They are 100% customizable with your own EMA preference. Colors as well. The Candles are Volume Based Candles. They default to Hollow candles when Volume is below the 24 moving average ( customizable ) and are filled solid when the volume for that time period has HIGH RELATIVE VOLUME. These are GREAT SIGNALS as price action approaches the levels that the AUTOLEVEL indicator generate. When a candle is filled and approaching a level it is likely to break through or attempting to. Low volume candles, hollow, show low conviction in price movement. Aside from the Fibonacci Levels generated, the EMA Clouds and the Volume Candles you can also select how full or minimal your chart is. ( more levels to only a few ) Also you can extend all levels to the right for future charting or leave that selection off to only generate the static daily levels a few bars ahead. You can also adjust the timeframe the Autolevels are generating levels for. 1 day is the current day. 1 month plots out a month of levels and is best used with the 1D timeframe. You can look up my Twitter account for hundreds of examples of daily use.
Indicador de Pine Script™
por steven_eth
12
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!
Indicador de Pine Script™
por asenski
9
[JL] Supertrend Zone Pivot Point with zigzag fibThis is an open-source Pine script that generates a Supertrend Zone Pivot Point with Zigzag Fib indicator for TradingView. The indicator displays the Supertrend Zone, pivot points, and Fibonacci levels on the chart. One of the unique features of this indicator is that it uses a Zigzag that does not repaint, ensuring accurate high and low points for the pivot points. Another feature is that when the Supertrend is in an uptrend, only the highest points are taken as pivot points, and when it's in a downtrend, only the lowest points are taken as pivot points. The Fibonacci levels are calculated based on the previous high and low pivot points, with labels displaying the corresponding levels on the chart. The indicator also includes options to show/hide the Zigzag and Fibonacci levels. Overall, this indicator is useful for identifying key pivot points and Fibonacci levels in the Supertrend Zone, providing valuable information for traders to make informed decisions.
Indicador de Pine Script™
por Jesse.Lau
32
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:
Indicador de Pine Script™
por twingall
11
Fibonacci Levels Based on Supertrend [By MUQWISHI]A “ Fibonacci Levels Based on Supertrend ” indicator is supertrend indicator planned with Fibonacci retracements levels. Fibonacci retracements provides a sequence of levels starting from 0% to 100% in addition to extension levels. 0% is measured to be the initial Supertrend line, and 100% is the previous Supertrend line where it has been broken by candle. This tool could be valuable in terms of managing trades by setting targets and reducing the risk in the trend direction. █ OVERVIEW █ INDICATOR SETTINGS Please let me know if you have any questions. Thank you.
Indicador de Pine Script™
por MUQWISHI
20
Fibonacci Step IndicatorThe Fibonacci Step Indicator assumes irregularity in calculating a moving average. It is measured as the mean of the previous lows and highs situated at Fibonacci past periods. For example, the mean of the lows from 2, 3, 5, 8, etc. periods ago form the Fibonacci step indicator. The indicator uses the formula for the first twelve Fibonacci numbers on highs and lows so that it creates a moving support/resistance zone. Afterwards, the zone is stabilized by taking the highest highs of the upper indicator and the lowest lows of the lower indicator part. The indicator is used as a trend following way. It can be compared to the Ichimoku Kinko Hyo cloud (without the future projection). The zone form a support and resistance area. During ranging periods, the market will fluctuate within the area which is a bad time to follow the trend (if any).
Indicador de Pine Script™
por Sofien-Kaabar
2