Auto PitchFan, Fib Extension/Retracement and ZigZag by DGT Aᴜᴛᴏ PɪᴛᴄʜFᴀɴ, Fɪʙ Exᴛᴇɴꜱɪᴏɴ/Rᴇᴛʀᴀᴄᴇᴍᴇɴᴛ ᴀɴᴅ ZɪɢZᴀɢ
This study aim to automate PitchFan drawing tool and combines it with Fibonacci Extentions/Retracements and ZigZag.
Common setting options, applied to all components of the study
Deviation , is a multiplier that affects how much the price should deviate from the previous pivot in order for the bar to become a new pivot. Increasing its value is one way to get higher timeframe Levels
Depth , affects the minimum number of bars that will be taken into account when building
Historical PitchFan / Fibonacci Levels option will allow plotting of PitchFan / Fibonacci Levels on previous Pivot Highs/Lows
█ PɪᴛᴄʜFᴀɴ — is a set of rays spreading out of the point of a trend's beginning. These rays inclined with the coefficients formed by a Fibonacci number sequence. It is recommended to adjust the Pitchfan plottings to fit after the first wave of the trend has passed and the correction has clearly begun.
PitchFan rays corresponding to Fibonacci levels appear on a chart and represent inclined lines of support and resistance. Price areas near these rays are estimated areas from which the price can turn around or make a significant rebound. The whole logic of working with a pitchfan is based on one simple idea - if the price has bounced off the level, then the correction is likely to end, and the trend will continue. If the price has broken the first resistance, you should wait for the next level test
- Automatically plots PitchFan Rays, based on Pivot Lows/Highs.
- Ability to set ALERTs for each PitchFan Ray Level
- PitchFan Labels displays the price of the line at the last bar, the price value will be recalculated in each new bar
Please check the link provided below with the educational post of how to apply pitchfork, application of pitchfan is same keeping in mind the recommendation stated above
█ Fɪʙ Rᴇᴛʀᴀᴄᴇᴍᴇɴᴛs / Exᴛᴇɴꜱɪᴏɴꜱ
Fibonacci retracements is a popular instrument used by technical analysts to determine support and resistance areas. In technical analysis, this tool is created by taking two extreme points (usually a peak and a trough) on the chart and dividing the vertical distance by the key Fibonacci coefficients equal to 23.6%, 38.2%, 50%, 61.8%, and 100%.
Fibonacci extensions are a tool that traders can use to establish profit targets or estimate how far a price may travel AFTER a retracement/pullback is finished. Extension levels are also possible areas where the price may reverse.
IMPORTANT NOTE: Fibonacci extensions option may require to do further adjustment of the study parameters for proper usage. Extensions are aimed to be used when a trend is present and they aim to measure how far a price may travel AFTER a retracement/pullback. I will strongly suggest users of this study to check the education post for further details where to use extensions and where to use retracements
- Automatically plots possible Support and Resistance levels, based on Pivot Lows/Highs.
- Ability to set ALERTs for each Fibonacci Extension/Retracement Level
- Labels displays the level and the level price
█ Zɪɢ Zᴀɢ — The Zig Zag indicator is used to help identify price trends and changes in price trends. The Zig Zag indicator plots points on a chart whenever prices reverse by a percentage greater than a Deviation variable. Straight lines are then drawn, connecting these points. The Zig Zag indicator serves base for PitchFan and Fibonacci Retracements / Extensions
█ OTHER
PitchFan is often used in combination with the other indicators and/or drawing tools such as Fibonacci Retracement, Fibonacci Channels, Fibonacci Time Zone and others. It allows identify the most powerful areas from which price can turn and to get more accurate trading signal
Andrews’ Pitchfork, how to apply pitchfork and automated pitchfork study
Fibonacci Fans, how to apply fibonacci fans and automated fibonacci speed and resistance fans study
Fibonacci Extension / Retracement, where to use extensions and where to use retracements and automated fibonacci extension / retracement / pivot points study
Others
Fibonacci Channels, how to apply fibonacci channels and automated fibonacci channels study
Linear Regression Channels, , what linear regression channels are? and linear regression channel/curve/slope study
Disclaimer :
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Estensione di Fibonacci
Fibonacci Extension / Retracement / Pivot Points by DGTFɪʙᴏɴᴀᴄᴄɪ Exᴛᴇɴᴛɪᴏɴ / Rᴇᴛʀᴀᴄᴍᴇɴᴛ / Pɪᴠᴏᴛ Pᴏɪɴᴛꜱ
This study combines various Fibonacci concepts into one, and some basic volume and volatility indications
█ Pɪᴠᴏᴛ Pᴏɪɴᴛꜱ — is a technical indicator that is used to determine the levels at which price may face support or resistance. The Pivot Points indicator consists of a pivot point (PP) level and several support (S) and resistance (R) levels. PP, resistance and support values are calculated in different ways, depending on the type of the indicator, this study implements Fibonacci Pivot Points
The indicator resolution is set by the input of the Pivot Points TF (Timeframe). If the Pivot Points TF is set to AUTO (the default value), then the increased resolution is determined by the following algorithm:
for intraday resolutions up to and including 5 min, 4HOURS (4H) is used
for intraday resolutions more than 5 min and up to and including 45 min, DAY (1D) is used
for intraday resolutions more than 45 min and up to and including 4 hour, WEEK (1W) is used
for daily resolutions MONTH is used (1M)
for weekly resolutions, 3-MONTH (3M) is used
for monthly resolutions, 12-MONTH (12M) is used
If the Pivot Points TF is set to User Defined, users may choose any higher timeframe of their preference
█ Fɪʙ Rᴇᴛʀᴀᴄᴇᴍᴇɴᴛ — Fibonacci retracements is a popular instrument used by technical analysts to determine support and resistance areas. In technical analysis, this tool is created by taking two extreme points (usually a peak and a trough) on the chart and dividing the vertical distance by the key Fibonacci coefficients equal to 23.6%, 38.2%, 50%, 61.8%, and 100%. This study implements an automated method of identifying the pivot lows/highs and automatically draws horizontal lines that are used to determine possible support and resistance levels
█ Fɪʙᴏɴᴀᴄᴄɪ Exᴛᴇɴꜱɪᴏɴꜱ — Fibonacci extensions are a tool that traders can use to establish profit targets or estimate how far a price may travel AFTER a retracement/pullback is finished. Extension levels are also possible areas where the price may reverse. This study implements an automated method of identifying the pivot lows/highs and automatically draws horizontal lines that are used to determine possible support and resistance levels.
IMPORTANT NOTE: Fibonacci extensions option may require to do further adjustment of the study parameters for proper usage. Extensions are aimed to be used when a trend is present and they aim to measure how far a price may travel AFTER a retracement/pullback. I will strongly suggest users of this study to check the education post for further details, where to use extensions and where to use retracements
Important input options for both Fibonacci Extensions and Retracements
Deviation, is a multiplier that affects how much the price should deviate from the previous pivot in order for the bar to become a new pivot. Increasing its value is one way to get higher timeframe Fib Retracement Levels
Depth, affects the minimum number of bars that will be taken into account when building
█ Volume / Volatility Add-Ons
High Volatile Bar Indication
Volume Spike Bar Indication
Volume Weighted Colored Bars
This study benefits from build-in auto fib retracement tv study and modifications applied to get extentions and also to fit this combo
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Auto Fib Channels by DGTThe Fibonacci Channel is a technical analysis tool that is used to estimate support and resistance levels based on the Fibonacci numbers. It is a variation of the Fibonacci retracement tool, except with the channel the lines run diagonally rather than horizontally.
This study will automatically place the channels where the levels indicate future areas of support and resistance
For further details please refer to education post
Nobody appears to know whether Fibonacci tools work because markets exhibit some form of natural pattern or because many investors use Fibonacci ratios to predict price movements, making them a self-fulfilling prophecy.
█ Study OPTIONS
Auto Fibonacci Channels , the main aim of the study
- Pivot threshold can be adjusted via “Deviation” and “Depth” input options
- Historical Channels / Retracements option will allow plotting of Channels on previous pivot high/lows
- Ability to set ALERTs for the Channel Levels
- Channel Labels displays the price of the line at the last bar, the price value will be updated in each new bar
Auto Fib Retracement – This is the build-in study of TradingView, customized to be in-line with Fibonacci Channels
- Pivot threshold can be adjusted via “Deviation” and “Depth” input options
- Historical Channels / Retracements option will allow plotting of Retracements on previous pivot high/lows
- Ability to set ALERTs for the Retracement Levels
Zig Zag – Derived from build-in Auto Fib Retracement with some customization options.
Disclaimer :
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Auto Fibonacci ComboA combination of Fibonacci indicators including:
1- Moving Auto-calculated Fibo Retracement Levels
2- Dynamic Auto-calculated Fibo Extension Levels
3- Adjustable Auto-calculated Fibo Time Zones
4- ّFlexible Fibo Moving Averages Ribbon
The ribbon consists of 10 moving averages of selected source for different Fibonacci numbers count of bars which could be colorized for a better trend observation. Also the type of the moving averages could be picked up from 6 different types which are:
- SMA (Simple Moving Average)
- EMA (Exponential Moving Average)
- HMA (Hull Moving Average)
- LSMA (Least Squares Moving Average)
- TMA (Triangular Moving Average)
- MAEMA (My Personalized Momentum Adjusted EMA)
I think the latter one makes a nice conjunction with Fibonacci retracements.
Feel free to test the set and send me your thoughts.
NIBIRU DAILY FIBONACCINIBIRU DAILY FIBONACCI plots Fibonacci retracements and extensions for the selected period high-low range.
It is especially useful for range traders but also during trending price when looking for potential pullbacks level to enter a position and manage risk.
Default value is set to Daily time frame as i found it mostly useful for day trades. You can use it with many strategies using fib extensions especially looking for 382-618 levels as potential price action targets.
SETTINGS:
FIBONACCI LINES - turns on/off fibonacci retracement lines
FIBONACCI EXTENSION LINES - turns on/off fibonacci extension lines
FIBONACCI EXTENSION LINES RATIO - sets up the fibonacci extension value
RANGE TF - selects the reference timeframe
Script is free to use.
User-Inputed Time Range & FibsGreetings Traders! I have decided to release a few scripts as open-source as I'm sure others can benefit from them and perhaps make them better.(Be sure to check my Profile for the other scripts as well: www.tradingview.com).
This one is called User-Inputed Time Range & Fibs.
The idea behind this script is to record the Range Highs and Lows of a User Defined Period, and plot potential Targets based on either Fibonacci Extensions or a Multiple of the Range Size. I created this originally for use with the US Session Initial Balance(From 9:30-10:30AM EST), however it can be set to any time period.
What is Initial Balance? In simple words, Initial Balance (IB) is the price data, which are formed during the first hour of a trading session. Activity of traders forms the so-called Initial Balance at this time. This concept was introduced for the first time by Peter Steidlmayer when he presented the market profile to traders(atas.net).
The IB is monitored as a break-out area for Range Extension traders. The IB High is also seen as an area of resistance and the IB Low as an area of support until it is broken(www.mypivots.com).
As a note, depending on the Time Zone you are in, you may need to manually add or subtract from the Timed Range to match the desired Time. For example in NY Eastern Time, I have to use 8:30-9:30AM to Capture the 9:30-10-30AM IB for ES and NQ. Similarly, I must use 14:30-15:30PM to Capture the 9:30-10-30AM IB for BTC. You will need to make adjustments based on the Time Zone you are located in.
I wanted to give a Special Thanks to @PineCoders for the Custom Rounding Function from Backtesting/Trading Engine--> (), Pinecoders.com for help with Tracking the Highs/Lows--> (www.pinecoders.com), and @TradeChartist for allowing me to use some of the code for the Fibonacci Extensions from his script here--> ().
If you like User-Inputed Time Range & Fibs, be sure to Like, Follow, and if you have any questions, don't be afraid to drop a comment below.
ZigZag with Fibonacci LevelsHello Traders,
This is " ZigZag with Fibonacci Levels " script. It finds the ZigZag, draw Fibonacci lines and put labels accordingly. I get many requests for this script, so here it is.
You can set ZigZag period as you wish. Bigger numbers (such 20, 30) may give better perspective and result.
It draws Fibonacci levels between 0%-100% and If the price goes higher/lower than 100% level than the script draws Fibonacci Levels accordingly. This means it draws Fibonacci levels until this levels get higher/lower than the price.
As an example:
if you don't want to see ZigZag Lines then you have option to disable it and see only Fibonacci levels:
You have coloring options for Zigzag, Fibonacci lines and texts:
Enjoy!
[astropark] Auto Fibonacci Retracement ExtensionDear followers,
today a new analysis tool for day trading, scalping and swing trading: Automatic Fibonacci Retracements and Extensions drawer!
It works on every timeframe and market, as it simply draws automatically most important fibonacci levels on the chart.
Based on the analysis window set (default 100 bars, but you can edit it as you like), it finds recent high and low and start drawing the following levels:
recent high and low (black)
golden retracement range: 0.5 * 0.618 * 0.705 fibonacci retracements (gold)
fibonacci extensions range above 1: 1.272 * 1.424 * 1.618 * 2.618 * 4.236 (blue)
fibonacci extensions range below 0: -0.238 * -0.618 * -0.706 * -1(fuchsia)
Whenever the indicator finds a new high or a new low, al fibonacci levels are re-draw automatically.
The indicator will let you:
change analysis window
enable displaying labels related to current fibonacci levels and/or prices
change colors
show/hide each specific level
How to use the indicator?
Basically, all techniques which apply to fibonacci tool are valid here too.
After a big move up or down, a new high or low is created and a retracement is expected: if trend is strong, retracement to golden ration 0.618 will be a perfect spot for buy or sell respectively in order to continue riding the trend.
In general a bounce is always expected when price hit 0.618 retracement , good to know for scalping traders, while swing trades will continue holding the trade for higher profits.
If the golden retracement range (0.5 - 0.705) is broken and then retested from the other side, a continuation move is expected towards previous high/low (fib level 1) and even more towards the fibonacci extensions range above 1 (1.618 - 2.618 - 4.236).
If the base of bounce and trend continuation on golden retracement range, traders can expect
price to hit again previous high/low and
if trend is strong, a consolidation near the previous high/low range (conditions that are respectively bullish and bearish)
do a further continuation towards -0.618 fib level range
Traders must always understand that
the higher the timeframe, the stronger is the meaning and so the reaction when a specific fibonacci level is hit
don't trade blindly, try to find confluences to have an higher chance to be in a winning trade in near future
money and risk management are very important, so manage your position size and always have a stop loss in your trades
As said, this indicators work on every timeframe and in all markets (Crypto currencies, stocks, FOREX, indexes, commodities). Here some examples:
BTCUSDT 1D: after a long run, a retracement is expected and a bounce at 0.618 golden level is more than obvious: perfect short (sell) entry
BTCUSDT 1D: again as previous example, after a long run, a retracement is expected as well as price's bounces back above
EURUSD 1h: lots of info here, directly in the chart below:
bounces on 0.618 golden zone
double top
price breaks 0.618 level and retests it from below targeting previous low
double bottom and bounce back towards golden zone
bearish consolidation at recent low and further decline towards 1.618 fib extension
AMZN 1h stock: lots of info here too, directly in the chart below:
new high is print, price retrace to golden zone
bounces on 0.618 golden zone
price breaks 0.618 level and retests it from below targeting previous low
double bottom and bounce back towards golden zone
rejection at golden zone, price falling targeting previous low again and probably 1.618 fib extension
price breaks hard previous low and hits fib extension range below recent low
price retraces back up towards new golden retracement range
golden retracement range is broken and used as support: targets are previous high and 1.618 extension
once 1.618 extension level is broken and retested successfully as support, price moves towards 2.618 fibonacci extension level
SPY (SPX500) index: lots of info in the chart
interesting to note that March 2020 huge dump can be totally mapped as a series of fibonacci level bounces, so you understand the importance of riding a trend now, right?
after the low was formed, price retraced perfectly to golden ration 0.618
each time price hit a golden level/range, it retraces creating double top and double bottom configurations too
In the chart below we can see the power of the double bottom at golden retracement level: targets are previous high and -0.618 fibonacci extension level
XAUUSD 15m: as we are in a lower timeframe, the default analysis windows has been reduced to 50.
What can we see here:
golden retracement and price is rejected towards previous low
golden retracement hit and price bounces back lower
new high is formed: golden retracement hit and price bounces back higher
price break previous high and hits fibonacci extensions -0.618 and -1
price continues rising forming a regular bearish divergence with RSI
once uptrend is broken, price falls dramatically
first target is 0.618 retracement level, where you see a very small retracement due to strength of sellers
second target is previous low, which is broken and retested many time from below (bearish retest)
third target is fibonacci extension range (in this case 1.414 is almost hit)
as an hidden bullish divergence with RSI was created, price goes back up
This is a premium indicator , so send me a private message in order to get access to this script.
Liberty Scanner This indicator scans the market for New York session entries based on trend and fibs.
The indicator also detects killzones, which are basically supply and demand zones. We like to think of these as areas of which banks are placing their orders.
The indicator also gives you the Asian range and how many pips the market has moved for the Asian range, that is what determines whether we are in normal market conditions or not.
We also made it to where you can see yesterdays highs and lows, when you understand the market directions then you typically know which swing (high or low) will be broken.
The indicator also has an ADR (Average Day Range) feature where it calculates the "average" amount of pips the market moves per day based on the previous 3-10 days of the market volatility.
The main thing which gives us signal for entry is the New York session Fibonacci levels in which it automatically scans for the nearest 15 minute swing and it'll give you an entry based off of that.
*This indicator in no way is meant to be 100% accurate, please do your own analysis before placing any trades and trade with proper risk, as this market is extremely volatile and risky. Past profits don't guarantee future results*
FOR ACCESS: Please send us a private message to gain access to this indicator.
Fibonacci-Trading-Indikator_3Daily (weekly, monthly) profits with the Fibonacci trading indicator_3
Quotes move in Fibonacci ratios in liquid markets. With this indicator you receive information for daily trades or for position trades based on a week or on a monthly basis, in which area you should ideally enter the market and where the minimum achievable price target is. This price target is 61.8% of yesterday's trading range, or the trading range of the previous week, or the trading range of the previous month, depending on the time frame for which the indicator should calculate the minimum achievable high / low. This is also where you realize your profit.
For this calculation, the following entries must be made in the properties window of the indicator:
• Preselection uptrend / downtrend.
• Time frame (day, week, ...) of the price bar for the possible high / low to be determined.
• Trading range of the previous day, or the previous week, or the previous month.
• Current lowest low of the selected time frame when trading has started and prices are rising.
• Current highest high of the selected time frame when trading has started and prices are falling.
Important areas for trading are:
• The entry range 0% - 23.6% for long or short.
• The target price level 61.8%.
Choose a suitable time frame to detect the direction of movement while the quotes are still moving in the entry area. The camelback indicator can be of great help. Also test the resolution setting of the camelback indicator. With a resolution of 1 hour in the 6 or 12 minute chart, you get a perspective for the broader direction. Movement patterns of corrections or consolidations, if they last more than a day or a week, also give clues to the coming direction of movement for the trade. So look back to see what happened yesterday, a week ago, or a month ago. Pay attention to the market anatomy, find out how the market works, count the price bars in consolidations and trends.
After entering the values the indicator will show the Fibonacci expansion price levels for the possible high or low for the selected time frame. Buy / sell within the entry range between 0% and 23.6% as the market moves towards the last long / or short entry point. This is the course range up to the 23.6% course level. The 61.8% price level is the minimum expected price target. We assume that the current bar will reach at least 61.8% of the trading range of the previous day, week or month. Depending on the set time frame. You should therefore realize the profits you have made with 50% of the position when the prices have reached the 61.8% level. With a suitable trailing stop you can be stopped with the rest of the position, but do not risk more than 50% of the profits.
With the quarter or year preselection and the corresponding entries, the minimum expected quarterly high / quarterly low or annual high / annual low can be determined.
The Fibonacci price levels can be shown and hidden. In the chart click on the gear wheel for “Chart Settings”. In the “Scaling” menu, the price levels can be displayed with the preselection “Label for indicator names” and “Label for last indicator value”. Slide the chart to the right to find possible support and resistance at the price levels that could provide confirmation of the target.
In the event of input errors or missing entries for a time frame, the indicator is hidden.
Pay attention to your trade management to avoid losses.
The new Fibonacci Trading Indicator_3 has the following additions and changes:
Area code for the quarter time frame has been added.
The entry area received a 23.6% and a 50% subdivision. Two envelope lines above the 23.6% entry level in the case of an upward trend and below the 23.6% entry level in the case of a downtrend, with a width of 23.6% and 14.6% of the entry level, are intended to indicate that the closing price is higher the quotations have broken out of the entry-level area.
A volatility stop for upward and downward trends can be activated.
A factor is added to the fluctuation range of each price bar for the stop. Then a moving average is calculated with an adjustable period. The period setting should be set between 5 and 10. The result can be smoothed adjustable.
Presetting:
Periods = 10
Factor = 1.4
Smoothing = 7
With the assumption that the market entry in an upward trend occurs when the prices break out above a bar high, the result of the stop calculation is subtracted from the bar high. In the case of a downward trend, the result of the stop calculation is added to the price bar low.
When entering the market, set the factor to 2.4. If inside bars follow a trend movement, the stop should be brought closer. Try the factor setting 0.4 or less. The smallest adjustable factor is 0.1.
For the entry into an established trend, as described in an idea contribution by me, there are two switchable moving averages. The application for the (MA_H) takes place on high and for the (MA_L) adjustable on high, low, shot, h + 1/2 etc. Period and offset (shift) are adjustable. With this idea, the entry into the market occurs between a 618% correction (the Fibonacci entry point) and the DEP (average entry point). The DEP in this case is the MA_H with period = 4 and an offset = 1 in the case of a downward trend, or the MA_L with the same setting and application to lows in an upward trend.
Also test the MA_L in trends with the settings (period, offset) 3.3 or 5, 3 or 7.5 and applying it to closing prices for a close encompassing of the highs / lows.
Tägliche (wöchentliche, monatliche) Gewinne mit dem Fibonacci-Trading Indikator_3
Kursnotierungen bewegen sich in liquiden Märkten in Fibonacci-Verhältnisse. Mit diesem Indikator erhalten Sie für Tagesgeschäfte, oder für Positionstrades auf Basis einer Woche, oder auf Basis eines Monats Informationen, in welchem Bereich Sie idealerweise in den Markt einsteigen sollten und wo das mindeste erreichbare Kursziel liegt. Dieses Kursziel liegt bei 61,8% der gestrigen Handelspanne, oder der Handelspanne der Vorwoche, oder der Handelspanne des Vormonats, also abhängig davon für welchen Zeitrahmen der Indikator das mindeste erreichbare Hoch/Tief berechnen soll. Dort realisieren Sie auch Ihren Gewinn.
Für diese Berechnung sind folgende Eingaben im Eigenschaftenfenster des Indikators einzustellen:
• Vorwahl Aufwärtstrend/ Abwärtstrend.
• Zeitrahmen (Tag, Woche, …) des Kursbalkens für das zu ermittelnde mögliche Hoch/ Tief.
• Handelspanne des vorherigen Tages, oder der vorherigen Woche, oder des vorherigen Monats.
• Aktuell tiefstes Tief des vorgewählten Zeitrahmens, wenn der Handel begonnen hat und die Notierungen steigen.
• Aktuell höchstes Hoch des vorgewählten Zeitrahmens, wenn der Handel begonnen hat und die Notierungen fallen.
Wichtige Bereiche für das Trading sind:
• Der Einstiegsbereich 0% - 23,6% für long oder short.
• Der Kursziellevel 61,8%.
Wählen Sie für die Erkennung der Bewegungsrichtung einen geeigneten Zeitrahmen, während sich die Notierungen noch im Einstiegsbereich bewegen. Der Camelback-Indikator kann eine gute Hilfe sein. Testen Sie auch die Auflösung-Einstellung des Camelback-Indikators. Mit der Auflösung 1 Stunde Im 6- oder 12 Minuten-Chart erhalten Sie einen Blickwinkel für die große Richtung. Auch Bewegungsmuster von Korrekturen oder Konsolidierungen, wenn sie mehr als einen Tag oder eine Woche andauern geben Hinweise auf die kommende Bewegungsrichtung für den Trade. Schauen Sie also zurück um zu prüfen, was sich gestern, vor einer Woche oder vor einem Monat abgespielt hat. Achten sie auf die Marktanatomie, finden Sie heraus wie der Markt funktioniert, zählen Sie Kursstäbe in Konsolidierungen und Trends.
Nach Eingabe der Werte zeigt der Indikator die Fibonacci-Ausweitungskurslevels für das mögliche Hoch oder Tief für den ausgewählten Zeitrahmen. Kaufen/ verkaufen Sie innerhalb des Einstiegsbereichs zwischen 0% und 23,6%, während sich der Markt in Richtung des letzten long-/ oder short-Einstiegspunktes bewegt. Das ist der Kursbereich bis zum 23,6%- Kurslevel. Der 61,8%-Kurslevel ist das mindeste erwartbare Kursziel. Wir gehen davon aus, dass der aktuelle Kursbalken mindestens 61,8% der Handelsspanne des vorherigen Tages, der vorherigen Woche oder des vorherigen Monats erreichen wird. Abhängig vom eingestellten Zeitrahmen. Realisieren Sie deshalb die angelaufenen Gewinne mit 50% der Position, wenn die Notierungen den 61,8% - Level erreicht haben. Mit einem geeigneten Trailing-Stopp lassen Sie sich mit der restlichen Position ausstoppen, riskieren Sie dafür aber nicht mehr als 50 % der angelaufenen Gewinne.
Mit der Vorwahl Quartal oder Jahr und den entsprechenden Eingaben kann auch das mindeste erwartbare Quartalshoch/ Quartalstief bzw. Jahreshoch/ Jahrestief ermittelt werden.
Die Fibonacci-Kurslevels lassen sich ein- und ausblenden. Klicken Sie im Chart auf das Zahnrad für „Chart Einstellungen“. Im Menü „Skalierungen“ kann mit der Vorwahl „Label für Indikatornahmen“ und „Label für letzten Indikatorwert“ die Kurslevels angezeigt werden. Schieben Sie den Chart nach rechts um mögliche Unterstützungen und Widerstände an den Kurslevels zu finden, die Bestätigung für das Ziel geben könnten.
Bei Eingabefehlern oder fehlenden Eingaben zu einem Zeitrahmen wird der Indikator ausgeblendet.
Achten Sie zur Vermeidung von Verlusten auf ihr Handelsmanagement.
Der neue Fibonacci-Trading-Indikator_3 besitz folgende Zusätze und Änderungen:
Vorwahl für den Zeitrahmen Quartal wurde hinzugefügt.
Der Einstiegsbereich erhielt eine 23,6% und eine 50% Unterteilung. Zwei Umschlagslinien über dem 23,6%-Einstiegslevel bei einem Aufwärtstrend, bzw. unter dem 23,6%-Einstiegslevel bei einem Abwärtstrend, mit der Breite 23,6% und 14,6% vom Einstiegsbereich, sollen bei höherem Schlusskurs signalisieren, dass die Notierungen aus dem Einstiegsbereich ausgebrochen sind.
Ein Volatilitätsstopp jeweils für Aufwärts- und Abwärtstrend kann zugeschaltet werden.
Für den Stopp wird die Schwankungsbreite jedes Kursbalkens wird mit einem Faktor beaufschlagt. Danach erfolgt die Berechnung eines gleitenden Durchschnitts mit einstellbarer Periode. Die Periodeneinstellung sollte zwischen 5 und 10 eingestellt werden. Das Ergebnis kann einstellbar geglättet werden.
Voreinstellung:
Perioden = 10
Faktor = 1,4
Glättung = 7
Mit der Annahme, dass der Markteinstieg in einem Aufwärtstrend bei Ausbruch der Notierungen über ein Kursbalkenhoch erfolgt, wird das Ergebnis der Stoppberechnung vom Kursbalkenhoch subtrahiert. Bei einem Abwärtstrend wird das Ergebnis der Stoppberechnung zum Kursbalkentief addiert.
Stellen Sie bei Markteintritt den Faktor auf 2,4. Folgen nach einer Trendbewegung Innenstäbe sollte der Stopp näher herangeführt werden. Probieren Sie die Faktoreinstellung 0,4 oder kleiner. Der kleinste einstellbare Faktor ist 0,1.
Für den Einstieg in einen etablierten Trend, wie in einem Ideenbeitrag von mir beschrieben, gibt es zwei zuschaltbare gleitende Durchschnitte. Die Anwendung für den (MA_H) erfolgt auf Hochs und für den (MA_L) einstellbar auf Hoch, Tief, Schuss, h+l/2 usw.. Periode und Offset (Verschiebung) sind einstellbar. Bei dieser Idee erfolgt der Einstieg in den Markt zwischen einer 618%-Korrektur (dem Fibonacci-Einstiegspunkt) und dem DEP (Durchschnittlicher Einstiegspunkt). Der DEP ist in diesem Fall der MA_H mit Periode = 4 und einem Offset = 1, bei einem Abwärtstrend, oder der MA_L mit identischer Einstellung und Anwendung auf Tiefs in einem Aufwärtstrend.
Testen Sie den MA_L auch in Trends mit den Einstellungen (Periode, Offset) 3,3 oder 5, 3 oder 7,5 und Anwendung auf Schlusskurse für eine enge Umfassung der Hochs/ Tiefs.
Previous Day High - Low and EMA BandThe fib are plotted to previous day High and low to find next days support and resistance based on fibs.
TradeChartist Fib Master™TradeChartist Fib Master is a versatile Fibonacci Support and Resistance indicator that can be used to plot Automatic Levels and Fibonacci Levels based on a variety of ways from the settings, including Auto Fibs plot by connecting to an external indicator.
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What does ™TradeChartist Fib Master do?
Plots Automatic Levels without the need for user input
Plots 3 types of Fibonacci Levels
════ 1. Auto-Fibs (by connecting to an external indicator - Oscillatory or non-Oscillatory)
════ 2. Fibs based on Lookback (Lookback type - Candles or Days)
════ 3. Fibs based on Price Input
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Detailed description of ™TradeChartist Fib Master features
╔══ Automatic Levels Generator ══╗
Enabling Plot Automatic Levels plots support and resistance levels automatically without any input from the user other than preferred levels plot from the indicator settings namely,
Plot Local Levels for Lower TF - Plots all important Support/Resistance levels for mostly smaller time frames (can be used for up to 1hr in most cases). Recommended for Scalping/Swing Trading mostly dependent on volatility.
Plot Local Levels for Higher TF - Plots all important Support/Resistance levels inferred from mostly time frames - Short to Mid term outlook.
Plot Extended Levels for Higher TF - Plots all important Support/Resistance levels inferred from very higher time frames - Mid to Long term outlook.
Use Trading View Data Window to make effective use of the levels.
Tip: Add a duplicate Fib Master indicator to chart, use Automatic Levels Generator and increase transparency of Fib colours to 100. This helps view the levels on Data Window while having the Fib plots on chart.
Note: Uncheck Plot Automatic Levels to enable Fibonacci plots from Fibonacci Levels Generator
╔══ Fibonacci Levels Generator ══╗
════ 1. Auto-Fibs ════
Almost any indicator plot or Signal (Oscillatory or non-Oscillatory) can be connected to Fib Master to generate automatic fib levels. This is done by automatically detecting the price trend based on the connected indicator, its corresponding highest high and lowest low prices of each trend.
Also, Fib Master plots Bull (default - green) and Bear (default - red) Zones background including the signal candle (default - orange), where the trend changes based on the connected indicator Signal. This helps detect the effectiveness of the connected indicator Signal too, as too many unproductive signals from the connected indicator will create numerous Bull and Bear Zones (which also will render the Auto-Fibs ineffective).
To connect an external indicator Signal, just choose the corresponding Signal plot from the Plug Indicator Here dropdown from settings and choose whether the connected signal is Oscillatory (for Oscillators like RSI, CCI, MACD, Trend Identifier signals from more complex indicators like ™TradeChartist Bollinger Bands and Donchian Channels Pro etc.) or non-Oscillatory (for plots like Moving Averages, Super Trend, Ichimoku plots like Kijun Sen etc.)
If the connected Signal is Oscillatory, enter the filter levels. Default is 0 for both fields as most Oscillators have 0 as their mean reversal zone. For Oscillators like RSI, 60/40, 50/50, 55/45 etc. can be used.
Note: Please test the performance and effectiveness of Auto-Fibs of connected Signal first before using it for trades.
════ 2. Fibs based on Lookback ════
Lookback type - Candles
Determines the High and Low price of the user input number of Candles back (100 default) and plots Fibonacci Levels based on the calculated High and Low for the number of candles in the past from the current candle. The levels stay intact on any time frame as long as no new Highs or Lows are formed.
Lookback type - Days
Determines the High and Low price of the user input number of Days back (100 default) and plots Fibonacci Levels based on the calculated High and Low for the number of days in the past from the day of the current bar. The levels stay intact on any time frame as long as no new Highs or Lows are formed.
════ 3. Fibs based on Price Input ════
Plots Fibonacci Levels based on the user specified High and Low Price in the settings input fields. The levels stay intact on any time frame irrespective of new Highs or Lows being formed. Manual Price Input will enable the trader to keep the Levels intact and visually see the higher Fibonacci Retracement levels, when the price crosses beyond 100% retracement. On the other two lookback types, the Fibonacci levels are displayed only upto 100% retracement.
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Note: Show Auto-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.
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Extra Features
The Fibonacci levels can also be reversed by enabling Reverse Fibonacci Levels option from the settings.
0.886 and 1.113 Fib levels can be plotted on chart by enabling Show 0.886 and 1.113 Fibs from settings, as these are important levels for harmonic pattern traders.
Fib Line and Label Style including Color, transparency, size etc. can be changed from settings based on user preference.
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Example Charts
XAU-USD Gold Daily chart using Automatic Levels Generator with Zones identified when connected to external indicator
BTC-USDT Daily chart using Automatic Levels Generator
SPX 1hr chart using Automatic Levels Generator
ETH-USDT 1hr chart using AutoFibs generated by connecting Fib Master to RSI with 60/40 Filter levels
XAG-USD (Silver) 1hr chart using Fibonacci Levels based on lookback
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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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Fibonacci Disciples Auto Levels (ES/NQ/GC/NQ WIDE) - APPROVEDPVTEvery Index, every ETF , every sector started somewhere.
That starting point defines Zones that follow that Index, or ETF forever.
What i am saying is - everything you are trading has a pre-defined range of movement that was established when the stock Index became available to the market.
It is this range that defines specific levels that will always play a significant part in the movement of that stock, or Index for its entire lifespan.
This script will automatically multiply that original price range to the stock or index’s current real time value using Fibonacci sequence and a proprietary pre-calculated Fibonacci formula to draw custom Golden Ratios on your chart in real-time. Each gold line represents a new “Golden Ratio” that is, or has already emerged as price moves up and down.
This phenomenon becomes possible by sealing the gaps between Fibonacci Fractal retracements making each gold line a measured .618:1.618 Golden Ratio.
Having these unique Golden Ratios displayed automatically on your chart allows you as the Trader to always have a price target in mind rather than having to guess where price might be headed on a naked chart.
From there you are welcome to add your favorite moving average or any other tool you wish to help determine the overall direction of the trend whilst using these Golden Ratio targets for scalping opportunities. If you do not know how to identify fractal W’s and M’s may I suggest you utilize a public Williams Fractal tool to accompany this indicator script.
Due to the scalping nature of this tool it will be best used on all time frames from 1min up to 4hrs.
Each measured line is customizable to your liking. If you wish to see less you can unclick individual measurements. I suggest leaving the “Baseline” and each “.618%” line active.
You can also change the color of the lines if you wish.
If you would like access to this script you can either DM me on TradingView
Fibonacci ClusterFibonacci Cluster can be used for live day-trading to anticipate possible movements.
Ever line is a Support and Resistance level.
Median = Middle Line
R1 & R2 and S1 & S2 are possible reversal zones.
Upper Limit and Lower Limit are stronger levels.
Conditions:-
If the Lower Limit line is horizontal and the stock is moving upwards along with the Upper Limit Line, such movements indicates bullish trend.
If the Upper Limit line is horizontal and the stock is moving downwards along with the Lower Limit line, such movements indicates bearish trend.
If the price of a stock is at Upper Limit and still moving upwards along with the Upper Limit line, such movements indicates strong bullish trend.
If the price of a stock is at Lower Limit and still moving downwards along with the Lower Limit line, such movements indicates strong bearish trend.
When the cluster in expanding outwards in both directions, such movements indicates increase in volatility. The trend is strong.
When the cluster is contracting inwards from both direction, such movements indicates that the stock will now move sideways.
FIB Extensions and RetracmentsA second version of an already published indicator by me.
This Indicator will help you find price levels for the short term instead of long term.
The indicator analyzes short term closing prices( Two days data) . It calculates extensions and retracement.
If you are a Forex trader, add zero to the variable in the input section.
The indicator does not specify tops or bottoms.
When you apply it to your chart, uncheck all the boxes(levels and mids) and keep the plots. this will make it zoomed in without compressing the whole chart.
If you are interested, please send me private message.
FIB Extensions and RetracmentsThis Indicator will help you find price levels.
The indicator analyzes yearly closing prices . It calculates extensions and retracement.
If you are a Forex trader, add zero to the variable in the input section.
The indicator does not specify tops or bottoms.
When you apply it to your chart, uncheck all the boxes(levels and mids) and keep the plots. this will make it zoomed in without compressing the whole chart.
If you are interested, please send me private message.
GC-ShorterTimeFrame (STF) (GC)This is a fractal version of the higher time frame Fib for GC . This is a Shorter Time Frame Fib level indicator. To be used with Longer Time frame Indicator. Though it can be used independently. It shows where the market is looking to go and where it has been. When the market get above one level ( white bar, for example) look for price action to continue to the next level (white bar). If it breaks below the white bar look for price action to go the next level below for support. It is fractal in nature. It is fib levels inside longer time frame fib levels. I hope it will impress! More importantly I hope you can make some money! It is great for having targets and support levels. It helps in knowing why the market may continue in a direction. For example: When the price action has already moved up, why does it keep going up, because it hasn't reached targeted fib level, yet. Same reason price action may move lower once it breaks a particular level. It is looking for its fib level support. I know Gold is in the spot light now...as most of the time. This should help trade smaller time frames. If it drops below or goes above this range I can publish more levels..just ask if I forget. Thx
GC-LongerTimeFrame (LTF) - Maroon, Green, Black/White (GC)Let's bring GOLD to life here! Tis the season...like always for gold. This is a Longer Time Frame Fib level indicator. To be used with Longer Time frame Indicator. Though it can be used independently. It shows where the market is looking to go and where it has been. When the market get above one level ( white bar, for example) look for price action to continue to the next level (white bar). If it breaks below the white bar look for price action to go the next level below for support. It is fractal in nature. It is fib levels inside longer time frame fib levels. I hope it will impress! More importantly I hope you can make some money! It is great for having targets and support levels. It helps in knowing why the market may continue in a direction. For example: When the price action has already moved up, why does it keep going up, because it hasn't reached targeted fib level, yet. Same reason price action may move lower once it breaks a particular level. It is looking for its fib level support. I will add this as well. the third white bar is a reversal bar. If it breaks the top it wants to continue onward. The first white bar is a pullback bar to the bar below that is between the green bars (unless market is actively riding the 8 sma)
ES-3430.25 to 3902.75 ShorterTimeFrame (STF) This is a Shorter Time Frame Fib level indicator. To be used with Longer Time frame Indicator. Though it can be used independently. It shows where the market is looking to go and where it has been. When the market get above one level ( white bar, for example) look for price action to continue to the next level (white bar). If it breaks below the white bar look for price action to go the next level below for support. It is fractal in nature. It is fib levels inside longer time frame fib levels. I hope it will impress! More importantly I hope you can make some money! It is great for having targets and support levels. It helps in knowing why the market may continue in a direction. For example: When the price action has already moved up, why does it keep going up, because it hasn't reached targeted fib level, yet. Same reason price action may move lower once it breaks a particular level. It is looking for its fib level support.
NQ-ShorterTimeFrame (STF) - Maroon, Green, Black/White (NQ)This is a Shorter Time Frame Fib level indicator. To be used with Longer Time frame Indicator. Though it can be used independently. It shows where the market is looking to go and where it has been. When the market get above one level ( white bar, for example) look for price action to continue to the next level (white bar). If it breaks below the white bar look for price action to go the next level below for support. It is fractal in nature. It is fib levels inside longer time frame fib levels. I hope it will impress! More importantly I hope you can make some money! It is great for having targets and support levels. It helps in knowing why the market may continue in a direction. For example: When the price action has already moved up, why does it keep going up, because it hasn't reached targeted fib level, yet. Same reason price action may move lower once it breaks a particular level. It is looking for its fib level support.
Simple Fibonacci RetracementSimple Fibonacci Retracement is a free and easy to use script to plot Fibonacci levels, for any assets like Stocks, Forex, Commodities , Cryptocurrencies etc. on any time frame chart.
Fibonacci Levels can be plotted using Lookback or manual Price input from the settings.
1. Lookback type - Candles
Determines the High and Low price of the user input number of Candles back (100 default) and plots Fibonacci Levels based on the calculated High and Low for the number of candles in the past from the current candle. The levels stay intact on any time frame as long as no new Highs or Lows are formed.
2. Lookback type - Days
Determines the High and Low price of the user input number of Days back (100 default) and plots Fibonacci Levels based on the calculated High and Low for the number of days in the past from the day of the current bar. The levels stay intact on any time frame as long as no new Highs or Lows are formed.
3. Manual Price Input
Plots Fibonacci Levels based on the user specified High and Low Price in the settings input fields. The levels stay intact on any time frame irrespective of new Highs or Lows being formed. Manual Price Input will enable the trader to keep the Levels intact and visually see the higher Fibonacci Retracement levels, when the price crosses beyond 100% retracement. On the other two lookback types, the Fibonacci levels are displayed only upto 100% retracement.
The Fibonacci levels can also be reversed by enabling 'Reverse' option from the settings.
NQLH-LongerTimeFrame (LTF) - Maroon, Green, Black/White (NQLH)This is a Longerer Time Frame Fib level indicator. It shows where the NQ market is looking to go and where it has been. When the market gets above one level ( white bar, for example) look for price action to continue to the next level. If it breaks below the white bar look for it to go the next level below for support. It is great for having targets. It helps in knowing why the market may continue in a direction. For example: When the price action has already moved up, why does it keep going up, because it hasn't reached targeted fib level yet. Same reason price action may move lower. It is looking for its fib level support. You can find them yourself by taking the red level fibs as plug numbers. This makes it fractal in nature. Find the fractal or/of inner fibs by plugging in two consecutive red level fib numbers as the plug numbers. With two plug number it will work for any instrument at any level. Use this indicator for a daily or weekly chart. The close on the day or the week would indicate where the next target level is at.
Freedom FibThis script will allow to automatically draw levels on the chart for a potential pullback play like shown in this snapshot here
It will draw risk/reward levels upon your favorite ema (default is 13ema) as the price goes and it will work for both long or short scenarios for a potential trend continuation play.
You got the option to align your level to match exactly your selected ema or to be placed in between the first two levels (default settings) if you prefer.
I personally use this one settings for shorter time frames (up to 3min) and the aligned one for higher time frames.