INVITE-ONLY SCRIPT
GreatBlueTradingTeam FibDev Signals
Aggiornato
Script Purpose:
This script was designed to look for trend reversals and be used with other TA tools to help build confluence for day traders.
TA Used:
Without diverging too much information, this script relies on Highs, Lows, Opens, EMAs, Standard Deviations, Fib Numbers, and Fib Levels.
Script Overview:
First we look at the price action found on the Daily chart to create a set of zones using Fibs and Standard Deviations thats serves as our gauge on how far the price will move on any given day. Then, we create another set of zones ("intraday" zones if you will) that are built on much faster price action and relevant to the chart time period that is selected. These zones are also created using a combination of Fibs and Standard Deviations. From here, we compare the intraday price action with these two zones and look for areas where we feel overbought or oversold conditions are forming to create the bullish or bearish signals provided by the indicator.
Script Shortcomings:
Due to the fact this script is looking for breaks in trends, or trend reversals, it is subject to high risk especially in times of strong market trends where it could experience repeated failed signals. We recommend using this script in combination with other forms of TA for additional confluence as well as general market awareness that may influence trends and market behavior.
Script Access:
Please PM us to obtain information about accessing this script, or view our profile for contact information.
This script was designed to look for trend reversals and be used with other TA tools to help build confluence for day traders.
TA Used:
Without diverging too much information, this script relies on Highs, Lows, Opens, EMAs, Standard Deviations, Fib Numbers, and Fib Levels.
Script Overview:
First we look at the price action found on the Daily chart to create a set of zones using Fibs and Standard Deviations thats serves as our gauge on how far the price will move on any given day. Then, we create another set of zones ("intraday" zones if you will) that are built on much faster price action and relevant to the chart time period that is selected. These zones are also created using a combination of Fibs and Standard Deviations. From here, we compare the intraday price action with these two zones and look for areas where we feel overbought or oversold conditions are forming to create the bullish or bearish signals provided by the indicator.
Script Shortcomings:
Due to the fact this script is looking for breaks in trends, or trend reversals, it is subject to high risk especially in times of strong market trends where it could experience repeated failed signals. We recommend using this script in combination with other forms of TA for additional confluence as well as general market awareness that may influence trends and market behavior.
Script Access:
Please PM us to obtain information about accessing this script, or view our profile for contact information.
Note di rilascio
Making a minor tweak to the code to help produce cleaner signals in relation to the Daily levels that are being created in the logic. Note di rilascio
We have now added the full data view for this indicator! User settings have been added for the ability to filter signals on or off, the daily supply and demand zones on and off, and the intraday clouds on and off. This allows a user to tailor the indicator to their personal preference and see all or hide everything they don't want to view. Note di rilascio
updated UI visuals, reworked the cloud logic to be simpler and more precise, few minor tweaks to the overall algo here and there to try and polish everything Note di rilascio
Fixing the filter for show/hide clouds, apparently I broke it on the last publish. Also removed the show plot line option for the clouds. Decided it was useless. Note di rilascio
Major Update: The concept is still the same as everything we discuss in our HOW TO idea in terms of using this indicator with the target zones, but the UI has been updating to only show target zones based on which way the stock is moving. This direction is decided by which side of the neutral zone the price is on, and thus the automated signals have now been updated to fire when the price breaks under or over the neutral zone. This will now put more emphasis on playing trend and momentum vs the original emphasis on trying to catch reversals. The intraday clouds are unchanged, and reversal plays can still be made using the same process and data as before but there will no longer be signals created for potential oversold or overbought areas as previously done. Note di rilascio
Logic mistake on the signals, updated for better signals Note di rilascio
Added ability to filter the neutral zone on and off (mainly for viewing Daily chart) and added a plot line in the center of Neutral zone (which is just the daily open price) Note di rilascio
Updated the UI on the Neutral Zone to show red/green depending on bias, and updated signals now to watch for momentum changes based off both fib levels and off the opening price Note di rilascio
Updated logic to show both bear and bullish signals if they printed at all on each candle. This prevents "ghosting" previous signals, or hiding losers. Better and more transparent for not only trading but also back testing. Note di rilascio
update UI to only plot visuals during market hours. dramatically cleans up UI and really should only be looking at levels from current day, once previous day ends all data is invalid Note di rilascio
Removed the automated price signals. Decided they dont work, they dont really help traders in our opinion. Added a new data table that now shows the average vs current daily volatility, high over open, and low under open variables based on historical price action. The table cell colors all start blue, and once 100% of the average value is met they will turn colors; orange for 100% volatility met, green for 100% high over open met, and red for 100% low under open met. These table values are not necessarily actionable as much as they are just informative about how price is behaving during the trading session. Note di rilascio
quick fix, forgot to remove the decimals on the % amounts for the table values. Note di rilascio
Added Linear Aggression to the script. It shows std dev 1, 2, and 3 for the LR. You can use this in confluence with everything else to get stronger signals. Note di rilascio
New Intraday Clouds, based off new logic for looking for mean prices, and now accepts an input to change the length of time to use in order to calculate said mean prices Note di rilascio
Clean up code and UI, bringing this back into actionNote di rilascio
added disclaimer Script su invito
L'accesso a questo script è riservato agli utenti autorizzati dall'autore, solitamente dietro pagamento di una commissione. Puoi aggiungerlo ai preferiti, ma sarai in grado di utilizzarlo solo una volta ricevuto il via libera da parte dell'autore. Per ulteriori informazioni, contatta GreatBlueTradingTeam o segui le istruzioni dell'autore riportate di seguito.
TradingView non suggerisce di pagare per uno script e di utilizzarlo a meno che non ci si fidi al 100% del suo autore e non si comprenda il suo funzionamento. In molti casi, è possibile trovare gratuitamente una buona alternativa open-source nei nostri Script della comunità.
Istruzioni dell'autore
″Please PM us to obtain information about accessing this script, or view our profile for contact information.
Vuoi usare questo script sui tuoi grafici?
Attenzione: leggi prima di richiedere l'accesso.
Thank you for viewing our content. More information can be found on our Twitter page below.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.