TradeChartist Range Bands ™TradeChartist Range Bands is an exceptionally well designed Entry/Exit indicator that plots fluid Range Bands and dynamic Support/Resistance levels on chart, along with trade entries by using both trend following and mean reversion principles.
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How does ™TradeChartist Range Bands work?
The Indicator plots Range Bands with Upper, Lower and Mean, calculated using trading models that use both Trend Following and Mean Reversion principles . It is the Range Bands that decide the trade Entries as the breakouts above upper band generates long entries and the breakouts below the lower band generates the short entries.
The Range Bands Type (Automatic, Aggressive or Normal) can be chosen from the settings. Default is Automatic and it uses Aggressive for non 24 hr markets and Normal for 24 hr markets like Cryptocurrencies.
The width of the Range Bands can be changed using the Range Multiplier from the settings. Default is 1.618 , minimum value is 0.618 and maximum value is 2.0.
The frequency of the Trade Signals depends on both Range Bands type and Range Multiplier. So it is worth spending some time to test the indicator based on these 2 factors on the asset traded, to maximise the profit potential by optimising the type and multiplier value.
In addition to the Range Bands, the indicator also plots Dynamic Support and Resistance bands that are more sensitive to price action and helps the user determine growing support/resistance which is indicated by coloured dots. These dots normally appear when the Support or Resistance stays at the same level for a few bars.
The expansion and contraction of the Support and Resistance bands also help in visualising the price volatility, and an extremely narrow squeeze of these levels within the Range Bands normally signals a lucrative market move. This is usually followed by a breakout from the bands and will be signalled by the Trade Entry plots (BUY and SELL).
The Dynamic Support and Resistance levels can be enabled or disabled from the settings. The fill between these dynamic levels helps the user to visualise the Bull and Bear strength/power. This fill can also be disabled from the settings if not required.
The indicator has a nice Fibonacci levels generator companion that helps spot near support and resistance levels using Fibonacci Retracement tool.
There are 3 types of Fib plots that can be chosen from the settings - Auto-Fibs, Fibs based on Lookback, Fibs based on Price Input .
The Auto-Fibs feature is used as default and it automatically plots fib retracement based on nearby significant high/low (highest from previous up and down trends). This is normally based on nearby trade entries too. Occasionally, during choppy markets/sideways movement, the range of these levels can be quite small and if close price exceeds the 4.618 fib level, one of the other Fib plot options can be used. Alternatively, Plot fibs from current high/low can also be used.
Fibs based on lookback can be used by choosing the number of candles or days lookback to help the indicator automatically find the high and low of the period to generate fib levels. Similarly, Fibs based on price input requires, user to manually enter the high and low price points for the indicator to generate fib levels based on user input.
The indicator has two colour schemes for the Dynamic Support/Resistance fill and bar colours. The coloured bars and the fill will help visualise the price trend. This can be changed or disabled from the settings.
The Fib levels can be disabled by unchecking lines and labels from the styles tab of indicator settings.
Long and Short entry Alerts can be created by using Once Per Bar Close .
The indicator does not repaint. Alerts may display potential repaint warning, but this is because the code uses bar index for fib labels. For confidence in the indicator, it can be tested using bar replay to make sure the real-time and bar replay trade entries and plots stay on the same bar/timestamp.
The different elements of the indicator are shown below in the chart.
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™TradeChartist Range Bands can also be connected to ™TradeChartist Plug and Trade to generate Targets, Stop Loss Plot etc. and other alerts can also be created. Use Range Bands Trend Identifier to connect as an Oscillatory Signal to Plug and Trade. Example chart shown below.
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Example charts:
1. ADA-USDT 4hr chart using Aggressive type and 1.618 Range Multiplier
2. ADA-USDT 4hr chart using Normal type and 1.618 Range Multiplier
3. XAU-USD 15m chart using Normal type and 1.618 Range Multiplier - Fibs based on 3 days lookback
4. DJI 4hr chart using Normal type and 2.0 Range Multiplier
5. GBP-USD 15m chart using Normal type and 1.618 Range Multiplier
6. LINK-USDT 1hr chart using Normal type and 1.236 Range Multiplier
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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Autofibonacci
TradeChartist MTF Supertrend Pro™TradeChartist MTF SuperTrend Pro is the Multi Time-Frame version (using timeframe multiplier) of classic Volatility Stop or SuperTrend (Stop and Reverse indicator using multiple of Average True Range of lookback period trailing behind the price acting as both trend reversal signifier and StopLoss trigger at the same time ).
What does ™TradeChartist MTF SuperTrend Pro include?
Multi Time-Frame option using Time-Frame Multiplier to plot Higher Time Frame SuperTrend plot on Lower Time-Frame chart.
Auto-fibs - 2 types (1. Retracement from last significant high/low to previous significant low/high, 2. Retracement from Current High/Low to previous significant Low/High).
Trend identifying color bars.
Trend identifying Background colour.
Option to detect bars where Profit Taking is recommended using $ sign.
How to create Alerts for ™TradeChartist MTF SuperTrend Pro Long and Short Entries?
Alerts can be created for Long or Short entries using Once Per Bar as BUY and SELL labels appear with entries only on confirmation after bar close.
Does the indicator include Stop Loss and Take Profit plots?
This script doesn't have Stop Loss and Take Profit plots, but it can be connected to TradeChartist Plug and Trade as Non-Oscillatory signal to generate Automatic Targets, user set StopLoss and Take Profit plots and to create all types of alerts too.
Does this indicator repaint?
No. This script doesn't repaint as it confirms its signals only after close above/below SuperTrend plot and also uses security function to call higher time-frame values in the right way to avoid repainting. This can be verified using Bar Replay to check if the plots and fills stay in the same bar in real time as the Bar Replay.
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Tip 1: Using 1.618 as Timeframe Multiplier results in lucrative trades on most timeframes with ATR multiplier 1.618, 2.618 or 3.618. (Best Practice: Test with various values first on asset using Paper Trades before trading with real money)
Tip 2: Using bars, candles with no borders or Hollow Candles results in clear trend spotting with Bar color option enabled in settings.
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Chart below shows Performance of MTF SuperTrend Pro connected to Plug and Trade using Default settings.
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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Rational MTF Auto - Fibonacci Retracement Levels Hello, this script automatically draws rational Support - Resistance Levels as multi time frame. (MTF)
In this way, we see reasonable levels ahead of us.
As of the date of birth: The first year after Lehmann Brother's fall was determined after January 1, 2009.
One feature of this script (which I deliberately left this way) :
If the security and support-resistance levels are equal, it will show you NA value and say wait.
Because it is based on a weekly basis for region selection, I think that it should enter a region and support-resistance levels should be drawn accordingly.
That's why I left it this way.
NOTE :
This script was inspired by the following publication :
Regards.
Auto Fibonacci Levels and DMA WMA Resistances by Ahmad DukhanHi,
This indicator will give you from -100% to 300% of the Fibonacci levels that is carefully calculated that doesn't change with frame change and is very reliable regardless which symbol you are trading (Ask for screenshot proof for symbol you trade)
Also included with
- Fibonacci Levels
Daily S/R
- 20 DMA
- 50 DMA
- 100 DMA
- 200 DMA
Weekly S/R
- 20 WMA
- 50 WMA
- 100 WMA
- 200 WMA
With options to toggle/enable/disable any of the above
For more details on how to get this indicator DM me
Thanks
Auto Fib Retracement with logarithmic ScaleThis is the same Original Pine Built-in Script announced in tradingview blog on 19-05-2020 ( "Auto Fib Retracement — the New Pine Indicator" ), but with the option to use on Logarithmic Scale.
Auto FibonacciA series of Fibonacci sequences using a variety of triggers to base highs and lows off.
High and low look back length can be altered, fibs and fib extensions can be shown or hidden and the background can be filled or transparent.
™TradeChartist Intensity™TradeChartist Intensity is a visual indicator that comes with Intensity color candles and Auto-fibs feature that helps any trader with Entry/Exit and levels confirmation based on where the price is, in relation to the Orange Price Equilibrium line and the 5 zones of Bull/Bear limits that fade into the top or bottom outer space.
™TradeChartist Intensity itself doesn't plot BUY or SELL signals, but when used with ™TradeChartist Rubicon gives a better picture for trade confirmations. It can also be used as a standalone indicator and works equally effective with other traditional and non-traditional indicators.
The indicator comes with simple settings with useful features outlined below.
Intensity Color Candles
Intensity Color Candles when activated from settings paints the candles/bars with colors specific to the Bull/Bear limits or the outer space and is easy to identify the signal strength over time.
Uptrend - The bars/candles move away from the Orange Price Equilibrium line towards the upper Bull limits with bar color fading slowly leading to outer space where the bar color turns neon green.
Downtrend - The bars/candles move away from the Orange Price Equilibrium line towards the lower Bear limits with bar color fading slowly leading to outer space where the bar color turns neon red.
When the price candle wick or body touches the Orange Price Equilibrium line, distinct torchlight circle appears to signal the trader of a potential change in price direction which can be used as a signal confirmation in conjunction with another indicator before taking a trade position.
Show Auto Fib Levels
Auto Fib Levels plot automatic Fib levels based on significant Highs and Lows based on Intensity strategy which mostly are reference prices of recent highest high above Orange Equilibrium price line and recent lowest low below the Orange Equilibrium price line.
15m XBT chart with 'Show Auto Fib Levels' checked and 'Show Fibs from current High/Low' unchecked under indicator settings
These Auto Fib Levels change when the price movement/trend changes direction and will be based on trending price direction.
Show Fibs from current High/Low
When this option is chosen from indicator settings, the auto fib levels are drawn from the highest high of the trending price direction to lowest low of last trend for uptrend or vice-versa for downtrend.
15m XBT chart as above with 'Show Fibs from current High/Low' unchecked under indicator settings
Show Profit Candles
Activating this option from indicator settings will automatically plot $ labels above candle highs that hit important resistance levels during uptrend and candle lows that hit important support levels during downtrend. This will help traders take out profits during trades based on their personal profit goals and realistic trade targets based on momentum/RSI/volatility etc.
Example chart of XAUUSD 1hr Gold chart showing both Long and Short trade Profit candles
Give a thumbs up or leave a comment if you like the script.
Ori Auto Fibonacci RetracementDraws last -input- bars fibonacci retracement levels.
Change Styles
Change Colors
Switch Placements
Change Line Width
Reverse Levels
Extend Rigt, Left or Both
Change Fib Levels
Hide info labels
Hiubris AutoFibFeatures
-Automatically drawn Fibonacci Retracement Levels based on the input Lookback Period
-Corresponding labels for each level (Price & Level)
-Fully customizable Levels and Lines through user Inputs
-Alerts based on crosses of any of the levels (Up or Down)
* Option to display a customizable Linear Regression
Periodic Auto Fibonacci by Atilla YurtsevenPeriodic Auto Fibonacci indicator automatically draws Fibonacci retracement ratios on the chart for the selected period. For example, if you select the weekly period, indicator will plot past and live retracement ratios on the chart. You can even shift periods. For example, if you shift by 1, last weeks retracement ratios will be plotted for the live session.
You can use this indicator with any supported time frames.
Periodic Auto Fibonacci helps you to identify fibonacci confluences as well.
Important: As current session of the selected period continues, most recent session will be repainted as low and high of the selected period changes. (For the live market)
Disclaimer: This is not financial advice.
Trade safe,
Atilla
RyuFib🔰 Auto Fibonacci Retracement
New look, features, and improvements from the previous auto Fibonacci indicator. Now looks like the Fib Retracement Tool that you can draw and with all of it's settings options. This indicator will automatically draw all the Fibonacci levels onto the chart and update for each timeframe and adjust saving you time. By default the length is long so it will show the major levels, however, can be adjusted to any custom length or shorter length to select various retracements. An improvement to the indicator in the update is that now it will auto update and adjust to fit the history length. The previous custom timeframe option has been removed, since you can select any length for retracement anyways and is not needed. Lines that go further back in history that are not shown in the chart view are not loaded to prevent loading lines not in view, this done by TradingView. So if the length is long the lines do not appear unless you scroll back further in history to the start point in time of the retracement history. To prevent this, by default the lines are extended to the left so you don't have to scroll back for them to show, but you can still turn off the extend if you choose. Another update improvement is that it will now auto detect and adjust the Fibonacci retracement type, i.e, from high to low or low to high with the appropriate levels, with the option to reverse like the tool gives. Now also shows the trend line which shows the points used from the retracement from the high and low, which can also be turned on/off. Additionally, another improvement now the Fibonacci price levels are shown along with the levels.
This indicator shows all of the common default Fibonacci levels as well as my own added fib levels for the default levels, with the default extension levels, and added custom levels. By default there 9 of the common and my added Fibonacci levels displayed, plus the 2 for the high and low, so 11 levels, plus default 3 extension levels and 3 reverse extension levels, and 18 additional custom Fibonacci levels that are hidden and can be turned on and adjusted. So there are 35 total Fibonacci levels with the levels and price labels. All of the Fibonacci levels can be customized and adjusted in the settings with an input and can be turned on/off to be shown or hidden.
You don't need to do anything, simply load the indicator and it will auto adjust the appropriate length if needed, retracement type, and display the Fibonacci levels for each timeframe and update. However, you can still change the custom Fibonacci settings and style settings as you choose.
📌 Note: New update and redesign updated to new version pine script v4. This is published as a new indicator since it is now completely different redesigned with updates and improvements, and since the description was too long to fit in an update. This older Auto Fibonacci indicator is no longer used and updated by this one.
📌The following are the custom settings options of the user interface:
📌 For the plots display options:
Can show/hide all Fibonacci levels with a single master control switch
Can turn on/off the default Fibonacci extension levels
Can turn on/off the default Fibonacci reverse extension levels
Can show/hide all Fibonacci levels labels
Can show/hide all Fibonacci price labels
Can show/hide the Fibonacci trend line
📌 Fibonacci retracement settings:
Can adjust each Fibonacci level custom input
Reverse option to reverse the levels retracement type and levels
Can select the Fibonacci length max bars back, which will also auto adjust if needed if too long
Option to select the candle type for the retracement to use wick or candle close, default uses wick
📌 Fibonacci custom style settings:
The style settings updates for all 35 Fibonacci levels so you don't have to do individually
Can adjust all of the colors to your preference, default red since works for both black/white backgrounds
Adjusting the color will adjust all of the colors for the levels line, levels label, and price label
Can adjust the lines to solid, dashed, or dotted as preferred
Can extend lines to the left, right, or both, or turn off, default extended left
Can change the levels labels to display as levels or percents, i.e, 0.618 or 61.8%
Can adjust the width of the Fibonacci lines
Can adjust the size of the Fibonacci levels and price text labels
Can adjust the offset to shift the levels and price text labels
📌 Example on Bitcoin currently on the 1h showning Fibonacci levels being respected.
📌 Another example with BTC on the 15m showing price ping pong between Fibonacci levels; and with different settings with white color and levels shown as percents option.
📌 Here is Bitcoin again on the 1D timeframe with just default settings. Based on the history the indicator automatically selected the appropriate length and shows the high and low point and drew the levels. We can see the major Fibonacci levels being respected and with the extension levels can see the further future potential resistances.
Swing Trade Pros - Auto Fibonacci IndicatorThe Swing Trade Pros Auto Fibonacci indicator automatically plots a fibonacci retracement based on the swing high and swing low of the weekly price action. The fibonacci is automatically updated in real time as new highest and lowest values appears amongst the selected bars. The indicator accurately predicts the high and low points of the overall trend.
Auto Fibonacci by CryptoProToolsIt's been a while since we've released a free indicator so here we go.
Clean and Simple Automated Fibonacci Retracement levels
Includes the Golden Pocket zone
Ability to alter how far back the script looks to find the swing high and low.
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Auto FibonacciAutomatic fibonacci tool.
Still in beta, but works.
will be updating in the future with better improvements, depending on popularity.
Feedback and suggestions welcome.
Auto Fibonacci Retracement by Atilla YurtsevenAuto Fibonacci Retracement is simply the best Fibonacci retracement indicator ever. Everything is done automatically. Just try it yourself!
Trend Lines and Targets are experimental.
Disclaimer: Past performance is not an indication of future performance. All the information in this article, including the algorithm & indicator, was provided and published for informational purposes only and should not be considered legal or financial advice. Use at your own risk!
Remember to follow me if you like to get notified when i publish new indicators or analysis. You will enjoy it!
Trade safe
Atilla Yurtseven
Twitter: @atillayurtseven
Rumpy's D/W AutofibsUses yesterday's & last week's high/low to plot auto fibs.
You can toggle them on/off separately as it does become a bit cluttered with both enabled.
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BTC - 3BMEXEDyWJ58eXUEALYPadbn1wwWKmf6sA
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Weekly fibs
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Daily fibs
AutoFib
The AutoFib Pro is a useful tool that automatically calculates and plots Fibonacci Retracement levels. Each period, the AutoFib evaluates the price history over a user-specified number of bars. It then finds the extreme high and extreme low points for that window and then uses those values to establish 5 levels based on Fibonacci’s golden ratio.
This provides a simple visual representation of support and resistance levels. The tool’s automated nature means that the levels are dynamically adjusted to account for new extreme highs and lows, as well as irregular movements.
When the bands are located closely together, the security is experiencing high volatility. A large gap between the top and bottom levels signify a price outbreak. When the price crosses the middle 50% level, it is likely (but not guaranteed) to continue in that direction.
🤥 FibsDontLie Automatic Fibonacci by Cryptorhythms🤥 FibsDontLie Automatic Fibonacci by Cryptorhythms
Had a few requests for an auto fibonacci indicator. Nothing too ground breaking here, self explanatory options. Background color highlights when price close crosses a fib line. User can define the lookback range.
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