Fib Percentage Previous Day CloseIntraday regulated markets move within their circuit range above or below which the market activity is halted.
These levels are protected by the MM to accumulate or distribute. These levels are mostly same for all markets i.e. 2%, 4% , 5%, 10% and 20% of previous day close, crossing which the market activity halts.
So, from here the expectation of turning or breaking increases.
This indicator automatically plots the levels and helps understanding the price behavior at these points. This in turn helps taking better RR trades.
Cerca negli script per "fib"
Fib High Low PointsThis is a simple indicator which plot high and lows based on Fibonacci sequence.
Best part of this indicator is it don't rewrite itself once it got plotted on the chart, which make it unique from other High low indicators.
FIBS S/R IndicatorHello,
I've decided to publish a new script. The previous version of this script was removed by admins for breaking community rules.
So I present to you the Fibonacci Support / Resistance.
1. How does it work
Ratio plots
I first take the input of pivot look back and search for pivots high and low.
And then it takes a second look back to search highest high and lowest low to establish the top bottom range.
Then using the top and bottom I plot ratios provided as input. Defaults to most relevant 5 ratios I've found (Fibonacci):
Ratio 0 = 0 - can't be changed
Ratio 1 = 0.5
Ratio 2 = 0.618
Ratio 3 = 1
Ratio 4 = 1.618
Ratio 5 = 2.618
Any changes done to these ratios should be in order, otherwise conditions could get messed up. So R1 needs to the lowest and R5 the highest.
Also the same ratios are used in reverse as negative ratios.
There is a option to plot all ratios but gets really confusing for me but maybe for you it works. By default there are certain conditions set so that as we go up new resistance ratio get displayed and as we go down we see new resistance plots.
Trendlines
I've also added some automatic trendline plots with breakout warning labels based on the pivots high and low. Start and end for trendlines can be changed via inputs.
Labels can be deactivated via input. On a older version the trendlines and labels where not removed from the chart but I felt like there was to much information.
Overcooked/Undercooked
I've also added some fills and background colors that indicate if the price action is over R5 or under Negative R5 ratios. This usually indicates some "overcooking" or "undecooking".
I've notices that after "crossunder"/"crossover" top bottom ratios it goes in consolidation or it dumps. So then I plot a bgcolor to signal that.
2. How to use it
Using plot lines we can determine where we have support and resistance. I found that the best way to use the default ratios values is on the 1H chart. Very good for trading on crypto because of current situation in the market where there is a lot of new people entering the space and volatility and sentiment make swings respect the Fibonacci ratios.
3. Examples
For instance lets look at BINANCE:BTCUSDT .
On the left we see that the price action between 20 and 21 February was "overcooked". So after we got the signal that we "crossunder" the R5 the signal was triggered and we got a small red candle followed by a small dip and after that we got a small bounce and a dump.
If we also look at MF-RSI we can also see we got multiple bear divs.
Lets entertain the idea that we went short at ~57.1k as soon as we get signaled and it starts dumping.
Where does it stop ?
We can see it went all the way down to Negative R5 ratio. Normally that should signal "undercooking" but this was not triggered as it did not close under it (signaled in green).
We can also see that previous support now becomes resistance (signaled in red).
If we take a look at BINANCE:ETHUSDT , we do see that the "undercooking" was triggered here.
I will be publishing a more detailed Idea with examples of using this on the BINANCE:BTCUSDT chart in combination with Volume and other technical analysis.
Use with caution, this is not 100% signal indicator as the markets do what they want. But by using this in combination with other indicators like MF-RSI, EMAs and regular patterns we can get some targets for Support/Resistance.
I'm trying to create a strategy based on this indicator but I'm not getting very good results. Best results were on the 15 min chart with gross profits around ~50%.
Please try to play around with the inputs and let me know if you find something interesting, maybe I can incorporate new features in the indicator.
You can find the MF-RSI indicator here
Fib Convection Zone88Labeled Auto Fibonacci Retracament Levels. The color of fibo levels is green when the trend is upward and the color of fibo levels is red when the trend is downward. Also, you can see the highest and lowest values related with your period.
Added the Convection Zone 886 the banks sweet spot.
Source @borserman
Mod @LaMonicaRobinson
Fib Cross Moving AveragesThe white line is the main 200-candle MA. The fibonacci ratio MAs are relative to that 200-day MA. Some lines change color based on the trend shown by this indicator.
So 61.8% for example, the orange/red line golden ratio MA is a 124 candle MA (~68% of 200). There is also a weighted 124 candle MA that works along-side the 100 candle MA.
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.
Fibs, Pivots & SupportA 3-in-1 indicator for displaying Fibonacci retracement and pivot levels over custom periods along with areas of previous major support. Each of the three tools can be toggled on/off.
Used properly, these should give you a better idea of where to place orders and take profit.
Alerts are built in but had to remain somewhat generic due to data point limitations. There are alerts for crossing and crossing up/down over each category of line.
Perfect Fibonacci CastFib Sequence = 34,55,89,144,233,377,610...
144/610 =0.236
144/377 =0.382
144/233 =0.618
144/89 =1.618
144/55 =2.618
144/34 =4.236
144 is a factor of 1440
24hr*60 min = 1440 min
1440/144 = 10hr
144*5 =720 min = 12hr etc.etc.
144 is magical, you may change the input value to higher sequence or higher TF if you are looking for long cast. For trading concept DM
Fib EMA Ichi MACD BollingerAll in one necessary indicators for those, who limited to three of them.
Fibonacci EMA + EMA 200 (all can be modified for your custom periods)
MACD Graph overlay
Ichimoku cloud
Bollinger Bands
All is open, made from different basic indicators and tested to show correct data.
Fib EMA RibbonPretty weird and experimental fibonacci ribbon overlay, for visual use and fun only at the moment. Will update the script if i think of any other ways to use it, ideas welcome.
Meant for use with Heikin Ashi candles.
Biffy
Fib's GhostThis indicator uses Fibonacci Support/Resistance Channels, weighted with Market Volatility(ATR) to determine Trend Momentum and Strength. It has two components: the Histograms and the strength line:
- The histogram gives information about the momentum behind moves and current trend. If Histogram is positive the market is currently in an UpTrend, the height of the Histograms indicates the amount of
buying/selling pressure of the market, in a strong uptrend the histograms grow with each new candle, and never fall under 0. If the histograms cross 0 a trend reversal is signaled.
- The strength line gives information about the Strength of the current Trend, After the color switch the line should move towards the 0-line, the closest point to the 0 line signals a local Top/Bottom.
- The strength line should be used to find hidden-divergences between price and Strength, the Further away the line is from the center the higher the chances of a reversal, but no trend change is signaled until
histograms cross.
The indicator code can be granted for free upon request
Fib Moving AverageThis is a Moving Average cluster in one overlay indicator. You can choose to use SMA or EMA or Mixed Moving Average. The mixed mode is only taking affect if you select 'Use EMA', which uses SMA when length of MA is above 100.
FIB Band Signals with RSI FilterOriginal Author: Rashad
Added by Rashad 6-26-16
These Bollinger bands feature Fibonacci retracements to very clearly show areas of support and resistance . The basis is calculate off of the Volume Weighted Moving Average . The Bands are 3 standard deviations away from the mean. 99.73% of observations should be in this range.
Updated by Dysrupt 7-12-18
-Buy signals added on lower bands, mean and upper 3 bands
-Sell signals added to upper 3 bands
-RSI filter applied to signals
-Alerts not yet added
-Long Biased
NOTE: This is NOT a set and forget signal indicator. It is extremely versatile for all environments by adjusting the RSI filter and checking the band signals needed for the current trend and trading style.
Fib Guppy for volatility predictionsThis is a guppy made from FIbbonacci numbers (from 1 to 1597).
Here is how to trade with this guppy.
when 6-8 lines tighten together, it means there will be high volatility coming very soon. Trade according to where the next candle opens (for scalping etc). For example: if the 8 lines of guppy tighten and candle closes above guppy with momentum and trend in the same direction(up), then there could be expected a big move in that direction. Vice versa if a candle closes below the tightened guppy with momentum and trend at the same direction, then the volatility will push price lower exponentially.
Easy. peace of cake. go make yourself a millionaire.
FibMA by WSM.TFib MA, allows you to identify major and minor trend analysis. Position of FibMA allow one to see those position in past and act accordingly in present..
It can be useful with combining bands.. Will be publishing them soon.
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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Cyatophilum Levels [ALERTSETUP]Cyatophilum Levels - Version 1.0 - Alert setup
This indicator allows you to build your own strategy based on Fibonacci levels, and create automated alerts for long & short entries and exits.
This study also has a backtest version. See my previous script.
The Fibonacci levels are printed automatically in real time and without repainting on the chart.
You configure your own strategy in the indicator parameters. You can choose to go long or to go short, or both, on which Fib levels to enter Long/Short, and on which Fib levels to exit (up to 2 entry levels and exit levels).
Detailed Guide:
This is a guide that can be useful if you do not understand the strategy or an indicator parameter. Instructions on how to get access are at the bottom.
To configure your strategy, you need to open the indicator settings. You can either right-click on the indicator and click "settings", or click the settings button near the indicator's name.
You should know that the Fibonnaci levels are calculated from the support and resistance levels, which are calculated using the last swing high and swing low. This behavior can be tweaked in the settings with the first 2 parameters:
· Noise reduction
Dropdown menu. Options are "NONE", "SMALL", "MEDIUM", "HUGE". Used to get a smoother level behavior. The higher it is, the less often the support and resistance levels will move. Can be useful to cut off fakeouts.
· Swings lookback
This is the number of historical bars used to calculate the last swing high and swing low.
In TradingView, we usually wait bar close to validate a signal (trade entry or exit), in order to avoid repainting. But since this indicator is purely based on price action, there is an option called Alert Type if you want to receive intra-bar alerts or not.
· Entry Alert Type
2 options : "Once Per Bar Close", "Once Per Bar". These correspond to the alerts options. You must use the same alert type in the indicator settings and in the alert options. When using "Once Per Bar", the candle high and low are used for the cross conditions, otherwise, candle close is used.
· Exit Alert Type
Same but for exit alerts.
The long trades setup can be configured independantly from the short trade setup, but the parameters are the same.
■ Go Long/Short
Check this box to enable/disable long/short trades.
· Long/Short Entry Condition
Dropdown menu from which you can pick the condition for your entry. Options available are "Cross Over","Cross Under" and "Just Cross".
· Long/Short Entry 1
Dropdown menu from which you can pick the level for your entry n°1. Options available are "Support","FIB 23", "FIB 38", "FIB 50","FIB 61","FIB 78" and "Resistance".
· Long/Short Entry 2
Additional FIB level entry.
· Long/Short Exit 1
Dropdown menu from which you can pick the level for your exit. Options available are "Support","FIB 23", "FIB 38", "FIB 50","FIB 61","FIB 78" and "Resistance".
· Long/Short Exit 2
Additional FIB level exit.
■ Trend Filter
Optionnal Tilson T3 TrendLine to make the strategy go long only when price is above T3 (green) and short only when price is below (red). The length in bars is configurable.
· Configuration Panel
It should appear on the left of the chart. This panel displays the whole indicator settings in a compact and easy-to-read way. You can replicate a strategy from just this info panel. Can be turned off if needed.
· Graphic options
A red/green background corresponding to the strategy position (short/long) can be turned off.
The Fib levels labels can be turned off all at once.
Risk management:
Place your secondary exit one or two levels above/below your entry to act as a stop loss.
Availabe alerts:
To create an alert, right-click on the indicator and click "Add alert".
The LONG alerts corresponds to the green labels on chart, while the SHORT are in red.
Select one of the following signals in order to create your strategy:
· LONG/SHORT ENTRY : Alert to enter a long/short. Make sure to select "Once Per Bar" or "Once Per Bar Close" according to the "Entry Alert Type" parameter.
· LONG/SHORT EXIT : Alert to exit a long/short. Make sure to select "Once Per Bar" or "Once Per Bar Close" according to the "Exit Alert Type" parameter.
Default settings are set for 15m.
Use the link below to obtain access to this indicator