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
Cerca negli script per "fib"
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.
Fibonacci Spectrum + Regression Channel + ConfirmationsA versatile multi-strategy tool for technical traders using Fibonacci levels, regression channels, and dynamic confirmations.
📘 Overview
This TradingView strategy script helps traders detect high-probability breakouts, reversals, and trend continuations using:
🔢 Fibonacci retracement zones
📉 Regression channels (local & multi-timeframe)
✅ Multiple confirmations (Volume, RSI, MACD, Candlestick)
🔄 Preset strategy modes (Trend-follow, Mean-reversion, Breakout, Custom)
📊 Visual dashboard for real-time analysis
🔔 Alerts for breakout and breakdown signals
🛠️ Inputs & Configuration
🎛️ Preset Modes
Choose from 4 trading modes:
Custom — manually enable/disable confirmations
Trend-follow — emphasizes RSI & MACD alignment
Mean-reversion — tight channels, ignores volume
Breakout — aggressive setup, tighter fib lookback & wider bands
🔧 Changing preset automatically adjusts parameters like regression length, fib lookback, and confirmation rules.
🔢 Fibonacci Settings
Fib Lookback: Number of bars to calculate the high/low range.
Fib Ratios A-E: Defines retracement levels (0.236 to 0.786 by default).
Zones are shaded for clarity:
🟧 0.236–0.382
🟨 0.382–0.5
🟩 0.5–0.618
🟦 0.618–0.786
📉 Regression Channel
Reg Channel Length: Period used for linear regression.
StdDev Multiplier: Defines channel width.
Multi-Timeframe Support: Choose a higher timeframe (like 1h) to overlay broader trends.
✅ Confirmations (toggle ON/OFF or preset controlled)
Volume: Must be above its 20-bar average.
RSI: Must be above 50 and rising (or below 50 and falling for shorts).
MACD: Line must cross above Signal (bull) or below (bear).
Candlestick Pattern: Looks for Bullish or Bearish Engulfing candles.
📅 Backtest Settings
Enable/disable strategy entries and exits for simulation.
Entries:
Long when price breaks above Fib 0.618 with all confirmations met
Short when price breaks below Fib 0.382 with all bearish confirmations
Exits:
Long exits when price breaks below Fib 0.382
Short exits when price breaks above Fib 0.618
🔍 How to Use the Strategy
🔹 Step 1: Choose a Preset
Pick one of the four Preset Modes:
Want to follow a trend? Select Trend-follow
Expect a price bounce? Try Mean-reversion
Expect volatility? Use Breakout
Prefer full control? Use Custom
🔹 Step 2: Enable Confirmations (if in Custom mode)
Activate/deactivate:
Volume
RSI
MACD
Candlestick Patterns
These filters increase signal quality.
🔹 Step 3: Watch for Signals
Look for:
💠 "READY" labels (potential breakout or breakdown)
Color-coded Fibonacci zones and channel bounds
📈 Entry/Exit signals (when backtesting is enabled)
🔹 Step 4: Use the Dashboard
Located in the top-right, the table shows:
Indicator values
Trend direction (Up/Down)
Status (Bull/Bear, High/Low, Above/Below)
Closest Fibonacci level and candlestick patterns
Colors:
🟢 Green = Bullish or Positive
🔴 Red = Bearish or Negative
🟡 Yellow = Close to a key Fib level
🔔 Alerts (Included)
You can set alerts on the following conditions:
Pre-Breakout — all bullish confirmations + Fib 0.618 cross
Pre-Breakdown — all bearish confirmations + Fib 0.382 break
Position Opened — any strategy entry (for backtest tracking)
To activate:
Right-click the chart → Add Alert
Select this strategy and the condition (e.g., “Pre-Breakout Signal”)
📊 Example Use Cases
🟢 Breakout Trader
Set to Breakout
Watch for “READY” label above Fib 0.618
Confirm with strong volume & bullish MACD
Alert triggers → enter trade
🔴 Mean Reversion Trader
Set to Mean-reversion
Price hits lower channel + Fib 0.382
Weak volume, but RSI rebounds → consider long
⚖️ Trend Follower
Set to Trend-follow
RSI, MACD, and price all moving up above midline
Enter on Fib 0.618 bounce
🧪 Tips & Notes
Combine with multi-timeframe analysis by enabling the MTF Channel
Tweak Fib ratios if you're using alternative levels (e.g., 0.886)
Use strategy.percent_of_equity for dynamic position sizing in backtests
Set proper timeframes (e.g., 15m, 1h) based on your trading style
Not financial advice at all. Strategy still WIP, i mainly think the indicator is ready.
FibSync - DynamicFibSupportWhat is this indicator?
FibSync – DynamicFibSupport overlays your chart with both static and dynamic Fibonacci retracement levels, making it easy to spot potential areas of support and resistance.
Static Fibs: Calculated from the highest and lowest price over a user-defined lookback period.
Dynamic Fibs: Calculated from the most recent swing high and swing low, automatically adapting as new swings form.
How to use
Add the indicator to your chart.
Configure the settings:
Static Fib Period: Sets the lookback window for static fib levels.
Show Dynamic Fibonacci Levels: Toggle dynamic fibs on/off.
Dynamic Fib Swing Search Window: How far back to search for valid swing highs/lows.
Swing Strength (bars left/right): How many bars define a swing high/low (higher = stronger swing).
Interpret the levels:
Solid lines are static fibs.
Transparent lines are dynamic fibs (if enabled).
Colors match standard fib conventions (yellow = 0.236, red = 0.382, blue = 0.618, green = 0.786, gray = 0.5).
Tips
Static and dynamic fibs can overlap-this often highlights especially important support/resistance zones.
Adjust the swing strength for your trading style: lower values for short-term, higher for long-term swings.
Hide/show individual lines using the indicator’s style settings in TradingView.
Trading Ideas (for higher timeframes and static fibs)
Close above the blue line (0.618 static fib):
This can be interpreted as a potential long (buy) signal, suggesting the market is breaking above a key resistance level.
Close below the red line (0.382 static fib):
This can be interpreted as a potential short (sell) signal, indicating the market is breaking below a key support level.
Note: These signals are most meaningful on higher timeframes and when using the static fib lines. Always confirm with your own strategy and risk management.
Mr. Laz's Fibonacci MASmoothed Fibonacci Moving Average
This indicator plots six Fibonacci retracement levels overlaid on the chart, with each level smoothly adjusted using an Exponential Moving Average (EMA). The Fibonacci levels are calculated based on the highest high and lowest low over a user-defined period, and they represent key support and resistance zones that traders often watch for price reversals.
The six Fibonacci retracement levels plotted are:
0% (Fib 0): Top level (representing the highest point in the range).
23.6% (Fib 23.6%)
38.2% (Fib 38.2%)
50% (Fib 50%)
61.8% (Fib 61.8%)
100% (Fib 100): Bottom level (representing the lowest point in the range).
These levels are smoothed using a user-defined Smoothing Length, which helps reduce the "zig-zag" nature of the lines and provides a more gradual, smoother appearance as they follow the price movement. The indicator allows you to adjust the smoothing factor to control how sensitive the lines are to price changes.
The colors of the Fibonacci levels are customizable and are plotted from top to bottom as:
Red (for Fib 100%)
Green (for Fib 23.6%)
Orange (for Fib 38.2%)
White (for Fib 50%)
Blue (for Fib 61.8%)
Purple (for Fib 0%)
This indicator is useful for identifying key support and resistance zones based on Fibonacci retracement levels, with the added benefit of smoothing to make the lines more visually appealing and less prone to sudden shifts.
ICT Master Suite [Trading IQ]Hello Traders!
We’re excited to introduce the ICT Master Suite by TradingIQ, a new tool designed to bring together several ICT concepts and strategies in one place.
The Purpose Behind the ICT Master Suite
There are a few challenges traders often face when using ICT-related indicators:
Many available indicators focus on one or two ICT methods, which can limit traders who apply a broader range of ICT related techniques on their charts.
There aren't many indicators for ICT strategy models, and we couldn't find ICT indicators that allow for testing the strategy models and setting alerts.
Many ICT related concepts exist in the public domain as indicators, not strategies! This makes it difficult to verify that the ICT concept has some utility in the market you're trading and if it's worth trading - it's difficult to know if it's working!
Some users might not have enough chart space to apply numerous ICT related indicators, which can be restrictive for those wanting to use multiple ICT techniques simultaneously.
The ICT Master Suite is designed to offer a comprehensive option for traders who want to apply a variety of ICT methods. By combining several ICT techniques and strategy models into one indicator, it helps users maximize their chart space while accessing multiple tools in a single slot.
Additionally, the ICT Master Suite was developed as a strategy . This means users can backtest various ICT strategy models - including deep backtesting. A primary goal of this indicator is to let traders decide for themselves what markets to trade ICT concepts in and give them the capability to figure out if the strategy models are worth trading!
What Makes the ICT Master Suite Different
There are many ICT-related indicators available on TradingView, each offering valuable insights. What the ICT Master Suite aims to do is bring together a wider selection of these techniques into one tool. This includes both key ICT methods and strategy models, allowing traders to test and activate strategies all within one indicator.
Features
The ICT Master Suite offers:
Multiple ICT strategy models, including the 2022 Strategy Model and Unicorn Model, which can be built, tested, and used for live trading.
Calculation and display of key price areas like Breaker Blocks, Rejection Blocks, Order Blocks, Fair Value Gaps, Equal Levels, and more.
The ability to set alerts based on these ICT strategies and key price areas.
A comprehensive, yet practical, all-inclusive ICT indicator for traders.
Customizable Timeframe - Calculate ICT concepts on off-chart timeframes
Unicorn Strategy Model
2022 Strategy Model
Liquidity Raid Strategy Model
OTE (Optimal Trade Entry) Strategy Model
Silver Bullet Strategy Model
Order blocks
Breaker blocks
Rejection blocks
FVG
Strong highs and lows
Displacements
Liquidity sweeps
Power of 3
ICT Macros
HTF previous bar high and low
Break of Structure indications
Market Structure Shift indications
Equal highs and lows
Swings highs and swing lows
Fibonacci TPs and SLs
Swing level TPs and SLs
Previous day high and low TPs and SLs
And much more! An ongoing project!
How To Use
Many traders will already be familiar with the ICT related concepts listed above, and will find using the ICT Master Suite quite intuitive!
Despite this, let's go over the features of the tool in-depth and how to use the tool!
The image above shows the ICT Master Suite with almost all techniques activated.
ICT 2022 Strategy Model
The ICT Master suite provides the ability to test, set alerts for, and live trade the ICT 2022 Strategy Model.
The image above shows an example of a long position being entered following a complete setup for the 2022 ICT model.
A liquidity sweep occurs prior to an upside breakout. During the upside breakout the model looks for the FVG that is nearest 50% of the setup range. A limit order is placed at this FVG for entry.
The target entry percentage for the range is customizable in the settings. For instance, you can select to enter at an FVG nearest 33% of the range, 20%, 66%, etc.
The profit target for the model generally uses the highest high of the range (100%) for longs and the lowest low of the range (100%) for shorts. Stop losses are generally set at 0% of the range.
The image above shows the short model in action!
Whether you decide to follow the 2022 model diligently or not, you can still set alerts when the entry condition is met.
ICT Unicorn Model
The image above shows an example of a long position being entered following a complete setup for the ICT Unicorn model.
A lower swing low followed by a higher swing high precedes the overlap of an FVG and breaker block formed during the sequence.
During the upside breakout the model looks for an FVG and breaker block that formed during the sequence and overlap each other. A limit order is placed at the nearest overlap point to current price.
The profit target for this example trade is set at the swing high and the stop loss at the swing low. However, both the profit target and stop loss for this model are configurable in the settings.
For Longs, the selectable profit targets are:
Swing High
Fib -0.5
Fib -1
Fib -2
For Longs, the selectable stop losses are:
Swing Low
Bottom of FVG or breaker block
The image above shows the short version of the Unicorn Model in action!
For Shorts, the selectable profit targets are:
Swing Low
Fib -0.5
Fib -1
Fib -2
For Shorts, the selectable stop losses are:
Swing High
Top of FVG or breaker block
The image above shows the profit target and stop loss options in the settings for the Unicorn Model.
Optimal Trade Entry (OTE) Model
The image above shows an example of a long position being entered following a complete setup for the OTE model.
Price retraces either 0.62, 0.705, or 0.79 of an upside move and a trade is entered.
The profit target for this example trade is set at the -0.5 fib level. This is also adjustable in the settings.
For Longs, the selectable profit targets are:
Swing High
Fib -0.5
Fib -1
Fib -2
The image above shows the short version of the OTE Model in action!
For Shorts, the selectable profit targets are:
Swing Low
Fib -0.5
Fib -1
Fib -2
Liquidity Raid Model
The image above shows an example of a long position being entered following a complete setup for the Liquidity Raid Modell.
The user must define the session in the settings (for this example it is 13:30-16:00 NY time).
During the session, the indicator will calculate the session high and session low. Following a “raid” of either the session high or session low (after the session has completed) the script will look for an entry at a recently formed breaker block.
If the session high is raided the script will look for short entries at a bearish breaker block. If the session low is raided the script will look for long entries at a bullish breaker block.
For Longs, the profit target options are:
Swing high
User inputted Lib level
For Longs, the stop loss options are:
Swing low
User inputted Lib level
Breaker block bottom
The image above shows the short version of the Liquidity Raid Model in action!
For Shorts, the profit target options are:
Swing Low
User inputted Lib level
For Shorts, the stop loss options are:
Swing High
User inputted Lib level
Breaker block top
Silver Bullet Model
The image above shows an example of a long position being entered following a complete setup for the Silver Bullet Modell.
During the session, the indicator will determine the higher timeframe bias. If the higher timeframe bias is bullish the strategy will look to enter long at an FVG that forms during the session. If the higher timeframe bias is bearish the indicator will look to enter short at an FVG that forms during the session.
For Longs, the profit target options are:
Nearest Swing High Above Entry
Previous Day High
For Longs, the stop loss options are:
Nearest Swing Low
Previous Day Low
The image above shows the short version of the Silver Bullet Model in action!
For Shorts, the profit target options are:
Nearest Swing Low Below Entry
Previous Day Low
For Shorts, the stop loss options are:
Nearest Swing High
Previous Day High
Order blocks
The image above shows indicator identifying and labeling order blocks.
The color of the order blocks, and how many should be shown, are configurable in the settings!
Breaker Blocks
The image above shows indicator identifying and labeling order blocks.
The color of the breaker blocks, and how many should be shown, are configurable in the settings!
Rejection Blocks
The image above shows indicator identifying and labeling rejection blocks.
The color of the rejection blocks, and how many should be shown, are configurable in the settings!
Fair Value Gaps
The image above shows indicator identifying and labeling fair value gaps.
The color of the fair value gaps, and how many should be shown, are configurable in the settings!
Additionally, you can select to only show fair values gaps that form after a liquidity sweep. Doing so reduces "noisy" FVGs and focuses on identifying FVGs that form after a significant trading event.
The image above shows the feature enabled. A fair value gap that occurred after a liquidity sweep is shown.
Market Structure
The image above shows the ICT Master Suite calculating market structure shots and break of structures!
The color of MSS and BoS, and whether they should be displayed, are configurable in the settings.
Displacements
The images above show indicator identifying and labeling displacements.
The color of the displacements, and how many should be shown, are configurable in the settings!
Equal Price Points
The image above shows the indicator identifying and labeling equal highs and equal lows.
The color of the equal levels, and how many should be shown, are configurable in the settings!
Previous Custom TF High/Low
The image above shows the ICT Master Suite calculating the high and low price for a user-defined timeframe. In this case the previous day’s high and low are calculated.
To illustrate the customizable timeframe function, the image above shows the indicator calculating the previous 4 hour high and low.
Liquidity Sweeps
The image above shows the indicator identifying a liquidity sweep prior to an upside breakout.
The image above shows the indicator identifying a liquidity sweep prior to a downside breakout.
The color and aggressiveness of liquidity sweep identification are adjustable in the settings!
Power Of Three
The image above shows the indicator calculating Po3 for two user-defined higher timeframes!
Macros
The image above shows the ICT Master Suite identifying the ICT macros!
ICT Macros are only displayable on the 5 minute timeframe or less.
Strategy Performance Table
In addition to a full-fledged TradingView backtest for any of the ICT strategy models the indicator offers, a quick-and-easy strategy table exists for the indicator!
The image above shows the strategy performance table in action.
Keep in mind that, because the ICT Master Suite is a strategy script, you can perform fully automatic backtests, deep backtests, easily add commission and portfolio balance and look at pertinent metrics for the ICT strategies you are testing!
Lite Mode
Traders who want the cleanest chart possible can toggle on “Lite Mode”!
In Lite Mode, any neon or “glow” like effects are removed and key levels are marked as strict border boxes. You can also select to remove box borders if that’s what you prefer!
Settings Used For Backtest
For the displayed backtest, a starting balance of $1000 USD was used. A commission of 0.02%, slippage of 2 ticks, a verify price for limit orders of 2 ticks, and 5% of capital investment per order.
A commission of 0.02% was used due to the backtested asset being a perpetual future contract for a crypto currency. The highest commission (lowest-tier VIP) for maker orders on many exchanges is 0.02%. All entered positions take place as maker orders and so do profit target exits. Stop orders exist as stop-market orders.
A slippage of 2 ticks was used to simulate more realistic stop-market orders. A verify limit order settings of 2 ticks was also used. Even though BTCUSDT.P on Binance is liquid, we just want the backtest to be on the safe side. Additionally, the backtest traded 100+ trades over the period. The higher the sample size the better; however, this example test can serve as a starting point for traders interested in ICT concepts.
Community Assistance And Feedback
Given the complexity and idiosyncratic applications of ICT concepts amongst its proponents, the ICT Master Suite’s built-in strategies and level identification methods might not align with everyone's interpretation.
That said, the best we can do is precisely define ICT strategy rules and concepts to a repeatable process, test, and apply them! Whether or not an ICT strategy is trading precisely how you would trade it, seeing the model in action, taking trades, and with performance statistics is immensely helpful in assessing predictive utility.
If you think we missed something, you notice a bug, have an idea for strategy model improvement, please let us know! The ICT Master Suite is an ongoing project that will, ideally, be shaped by the community.
A big thank you to the @PineCoders for their Time Library!
Thank you!
Fibonacci Zone DCA Strategy - R3c0nTraderCredits:
Thank you "eykpunter" for granting me permission to use "Fibonacci Zones" to create this strategy
Thank you "junyou0424" for granting me permission to use "DCA Bot with SuperTrend Emulator" which I used for adding bot inputs, calculations, and strategy
Pre-requisites:
You can use this script without a 3Commas account and see how 3Commas DCA Bot would perform. However, I highly recommend signing up for their free account, going through their training, and testing this strategy with a paper bot. This would give you a base understanding of the settings you will see in this strategy and why you will need to know them.
What can this do?
First off, this is a Long only strategy as I wrote it with DCA in mind. It cannot be used for shorting. Shorting defeats the purpose of a DCA bot which has a goal that is Long a position not Short a position. If you want to short, there are plenty of free scripts out there that do this.
I created this script out of curiosity and I wanted to see how a strategy based on “Fibonacci” levels would work with a 3Commas DCA bot. I came across "eykpunter’s" "Fibonacci Zones" study and in TradingView and I found it to be a very interesting concept. The "Fib Zones" in his study are basically a "Donchian Channel" of 4 Fibonacci lines. These are the High @ 0.236, Center High @ 0.382, Center Low @ 0.618, and Low @ 0.764.
The Fib Zones in this strategy can be used as conditions to open a trade as well as closing a trade. There is also the option to close a trade based on a Target Take Profit (%).
Advanced Fibonacci trading is also supported by specifying additional parameters for Trade Entry and Exit.
For example, for order entry, you can increase the minimum trend strength to open an order via the "minimum ADX value" option. You can also further limit order entry by selecting the option to "Only open trades on bullish +DI" (Positive Directional Index).
Or you can play the contrarian. For example, I would look for "buying the dip" opportunities by doing the following under "Trade Entry Settings":
Set the "Min ADX value to open trade" to zero
Set the option "Open a trade when the price moves" to "1-To the bottom of Downtrend Fib zone" or "2-Higher than the top of the Downtrend Fib zone"
Uncheck option "Only open trades on bullish +DI"
Set the 'Min ADX value to open trade' to Zero
Set the 'Max +DI value to open trade' to a value between 10-20.
For Trade Exit settings, I can use a "Target Take Profit (%)" or one of the High Fib levels to close the trade.
Here's an example result when using a Contrarian-Fibonacci-Zone-DCA strategy:
Explanation of Chart lines and colors on chart
Six Options for Entering a Fibonacci Trade
Open a trade when the price moves:
1-To the bottom of Downtrend Fib zone
2-Higher than the top of the Downtrend Fib zone
3-Higher than the bottom of Ranging Fib Zone
4-Higher than the top of Ranging Fib Zone
5-Higher than the bottom of Uptrend Fib Zone
6-To the top of Uptrend Fib Zone
Three Options for Exiting a Fibonacci Trade
Take profit using:
"Target Take Profit (%)"
"High Fibonacci Border-1"
"High Fibonacci Border-2"
Dual Fibonacci Zone & Ranged Vol DCA Strategy - R3c0nTraderWhat does this do?
This is for educational purposes and allows one to backtest two Fibonacci Zones simultaneously. This also includes an option for Ranged Volume as a parameter.
Pre-requisites:
First off, this is a Long only strategy as I wrote it with DCA in mind. It cannot be used for shorting. Shorting defeats the purpose of a DCA bot which has a goal that is Long a position not Short a position. If you want to short, there are plenty of free scripts out there that do this.
You must have some base knowledge or experience with Fibonacci trading, understanding what is ADX, +DI (and -DI), etc.
You can use this script without a 3Commas account and see how 3Commas DCA Bot would perform. However, I highly recommend inexperienced uses get a free account and going through the tutorials, FAQ's and knowledgebase. This would give you a base understanding of the settings you will see in this strategy and why you will need to know them. Only then should you try testing this strategy with a paper bot.
Background
After I had created and released "Fibonacci Zone DCA Strategy", I began expanding and testing other ideas.
The first idea was to add Ranged Volume to the Fibonacci Zone DCA strategy which I wanted for providing further confirmation before entering a trade. The second idea was to add a second Fibonacci Zone that was just as configurable as the first Fibonacci Zone. I managed to add both and they can be easily enabled or disabled via the strategy settings menu.
Things Got Real Interesting
Things got real interesting when I started testing strategies with two Fibonacci zones. Here's a quick list of what I found I was able to do:
Mix and match exit strategies. I could set the Fib-1 zone strategy to exit with a take profit % and separately set the Fib-2 zone strategy to exit when the price crosses the top-high fib border
Trade the trend. A common phrase amongst traders is "the Trend is your friend" and with the help of an additional Fib Zone, I was able to trade the trend more often by using two different Fib Zone strategies which if configured properly can shorten time to re-deploy capital, increase number of closed trades, and in some cases increase net profit.
Trade both bull market uptrends and bear market downtrends in the same strategy. I found I could configure one Fib Zone strategy to be really good in uptrends and another Fib Zone strategy to be really good in downtrends. In some cases, with both Fib Zone strategies enabled together in a single strategy I got better results than if the strategies were backtested separately.
There are many other trade strategies I am finding with this. One could be to trade a convergence or divergence of the two different Fib Zones. This could possibly be achieved by setting one strategy to have different Fibonacci length.
Credits:
Thank you "EvoCrypto" for granting me permission to use "Ranged Volume" to create this strategy
Thank you "eykpunter" for granting me permission to use "Fibonacci Zones" to create this strategy
Thank you "junyou0424" for granting me permission to use "DCA Bot with SuperTrend Emulator" which I used for adding bot inputs, calculations, and strategy
Fibonacci Levels with MACD ConfirmationHow to Understand and Use the Fibonacci Levels with MACD Confirmation Script
This custom Pine Script is designed to give traders a clear visual framework by combining dynamic Fibonacci retracement levels, MACD histogram confirmation, and volatility-based swing zones. It aims to simplify trend analysis, improve entry timing, and adapt to various market conditions.
How to Interpret the 23.6% & 61.8% Labels
These Fibonacci levels represent key retracement zones where price often reacts during trend pullbacks or reversals.
The 23.6% level indicates a shallow retracement, useful in strong trends where price resumes early.
The 61.8% level is a deeper retracement, often a "last line of defense" before trend invalidation.
The script labels these zones with "CC 23.6" and "CC 61.8" when the price crosses them with MACD histogram confirmation:
Green label (CC) = bullish confirmation
Red label (CC) = bearish confirmation
How to Modify Inputs (Manual Adjustments)
Input Purpose Default How to Use
ATR Period Measures volatility 14 Increase for smoother, slower reactions; reduce for faster swings
Min Lookback Minimum bars for swing zone 20 Avoids short-term noise
Max Lookback Cap for swing zone scan 100 Avoids excessively wide retracement levels
Inverse Candle Chart Flips high/low logic false Enable for inverted analysis or backtesting "opposite logic"
How to Use the Inverse Candle Chart Option
Activating inverse mode flips candle logic:
Highs become negative lows, and vice versa.
Useful for:
Contrarian analysis
Inverse ETFs or short-biased views
Backtesting reverse-pattern behavior
How to Adjust the Style
You can manually personalize the script’s visual appearance:
Change line width in plot(..., linewidth=2) for bolder or thinner Fib levels.
Change colors from color.green, color.red, etc., to suit your theme.
Modify label.size, label.style, and label.color for different labeling visuals.
Customize MACD histogram style from plot.style_columns to other styles like style_histogram.
How the MACD is Set and Displayed
The MACD uses non-standard values:
Fast Length = 24
Slow Length = 52
Signal Smoothing = 18
These values slow down the indicator, reducing noise and aligning better with medium- to long-term trends.
MACD histogram is plotted directly on the main chart for faster, on-screen decision making.
Color-coded histogram:
Green/Lime = Bullish momentum increasing or steady
Red/Maroon = Bearish momentum increasing or steady
How to Use the Indicator in Real-World Trading
This indicator is most effective when used to:
✅ 1. Spot High-Probability Trend Continuation Zones
In a strong trend, price will often retrace to 23.6% or 61.8%, then resume.
Wait for:
Price to cross 23.6 or 61.8
MACD histogram rising (bullish) or falling (bearish)
"CC 23.6" or "CC 61.8" label to appear
🟢 Entry Example: Price retraces to Fib 61.8%, crosses up with green MACD histogram → take long position
✅ 2. Validate Reversal or Breakout Zones
These Fib levels also act as support/resistance.
If price crosses a Fib level but MACD fails to confirm, it may be a fake breakout.
Use confirmation labels only when MACD aligns.
✅ 3. Add Volatility Context (ATR) for Risk Management
The ATR label shows both value and %.
Use ATR to:
Set dynamic stop-losses (e.g., 1.5x ATR below entry)
Decide trade size based on volatility
How to Combine the Indicator With Other Tools
You can combine this script with other technical tools for a powerful trading framework:
🔁 With Moving Averages
Use 50/200 MA for overall trend direction
Take signals only in the direction of MA slope
🔄 With Price Action Patterns
Use the Fib/MACD signals at confluence points:
Support/resistance zones
Breakout retests
Candlestick patterns (pin bars, engulfing)
🔺 With Volume or Order Flow
Combine with volume spikes or order book signals
Confirm that Fib/MACD signals align with strong volume for conviction
✅ Trade Setup Summary
Criteria Long Setup Short Setup
Price at Fib Level At or crossing Fib 23.6 / 61.8 Same
MACD Histogram Rising and above previous bar Falling and below previous bar
Label Appears Green "CC 23.6" or "CC 61.8" Red "CC 23.6" or "CC 61.8"
Optional Filters Trend direction, ATR range, volume, price pattern Same
HarmonicPatternTrackingLibrary "HarmonicPatternTracking"
Library contains few data structures and methods for tracking harmonic pattern trades via pinescript.
method draw(this)
Creates and draws HarmonicDrawing object for given HarmonicPattern
Namespace types: HarmonicPattern
Parameters:
this (HarmonicPattern) : HarmonicPattern object
Returns: current HarmonicPattern object
method addTrade(this)
calculates HarmonicTrade and sets trade object for HarmonicPattern
Namespace types: HarmonicPattern
Parameters:
this (HarmonicPattern) : HarmonicPattern object
Returns: bool true if pattern trades are valid, false otherwise
method delete(this)
Deletes drawing objects of HarmonicDrawing
Namespace types: HarmonicDrawing
Parameters:
this (HarmonicDrawing) : HarmonicDrawing object
Returns: current HarmonicDrawing object
method delete(this)
Deletes drawings of harmonic pattern
Namespace types: HarmonicPattern
Parameters:
this (HarmonicPattern) : HarmonicPattern object
Returns: current HarmonicPattern object
HarmonicDrawing
Drawing objects of Harmonic Pattern
Fields:
xa (series line) : xa line
ab (series line) : ab line
bc (series line) : bc line
cd (series line) : cd line
xb (series line) : xb line
bd (series line) : bd line
ac (series line) : ac line
xd (series line) : xd line
x (series label) : label for pivot x
a (series label) : label for pivot a
b (series label) : label for pivot b
c (series label) : label for pivot c
d (series label) : label for pivot d
xabRatio (series label) : label for XAB Ratio
abcRatio (series label) : label for ABC Ratio
bcdRatio (series label) : label for BCD Ratio
xadRatio (series label) : label for XAD Ratio
HarmonicTrade
Trade tracking parameters of Harmonic Patterns
Fields:
initialEntry (series float) : initial entry when pattern first formed.
entry (series float) : trailed entry price.
initialStop (series float) : initial stop when trade first entered.
stop (series float) : current stop updated as per trailing rules.
target1 (series float) : First target value
target2 (series float) : Second target value
target3 (series float) : Third target value
target4 (series float) : Fourth target value
status (series int) : Trade status referenced as integer
retouch (series bool) : Flag to show if the price retouched after entry
HarmonicProperties
Display and trade calculation properties for Harmonic Patterns
Fields:
fillMajorTriangles (series bool) : Display property used for using linefill for harmonic major triangles
fillMinorTriangles (series bool) : Display property used for using linefill for harmonic minor triangles
majorFillTransparency (series int) : transparency setting for major triangles
minorFillTransparency (series int) : transparency setting for minor triangles
showXABCD (series bool) : Display XABCD pivot labels
lblSizePivots (series string) : Pivot label size
showRatios (series bool) : Display Ratio labels
useLogScaleForScan (series bool) : Use log scale to determine fib ratios for pattern scanning
useLogScaleForTargets (series bool) : Use log scale to determine fib ratios for target calculation
base (series string) : base on which calculation of stop/targets are made.
entryRatio (series float) : fib ratio to calculate entry
stopRatio (series float) : fib ratio to calculate initial stop
target1Ratio (series float) : fib ratio to calculate first target
target2Ratio (series float) : fib ratio to calculate second target
target3Ratio (series float) : fib ratio to calculate third target
target4Ratio (series float) : fib ratio to calculate fourth target
HarmonicPattern
Harmonic pattern object to track entire pattern trade life cycle
Fields:
id (series int) : Pattern Id
dir (series int) : pattern direction
x (series float) : X Pivot
a (series float) : A Pivot
b (series float) : B Pivot
c (series float) : C Pivot
d (series float) : D Pivot
xBar (series int) : Bar index of X Pivot
aBar (series int) : Bar index of A Pivot
bBar (series int) : Bar index of B Pivot
cBar (series int) : Bar index of C Pivot
dBar (series int) : Bar index of D Pivot
przStart (series float) : Start of PRZ range
przEnd (series float) : End of PRZ range
patterns (bool ) : array representing the patterns
patternLabel (series string) : string representation of list of patterns
patternColor (series color) : color assigned to pattern
properties (HarmonicProperties) : HarmonicProperties object containing display and calculation properties
trade (HarmonicTrade) : HarmonicTrade object to track trades
drawing (HarmonicDrawing) : HarmonicDrawing object to manage drawings
Fibonacci Zone Study w/Candles - R3c0nTraderCredits:
Thank you "eykpunter" for granting me permission to use "Fibonacci Zones" to create this study
What does this do? How is it different?
This study was created so it can be used with the strategy 'Fibonacci Zone DCA Strategy - R3c0nTrader' in order to generate buy/sell signals for a 3Commas bot.
I was not able to use "eykpunter's" "Fibonacci Zones" to create these signals as it was missing the code for this. To create the buy or sell signal you need to be able to create an alert for when the price moves through the Fib levels. Unfortunately, the "price" is not available to be selected when creating an alert with the original study. Hence the need to create this new study and to resolve the issue.
This study has overlay turned off by default so it will appear in a separate pane below your active chart. I did this so I can clearly view and separate the strategy from the study.
Steps Overview:
Add the study to your chart
Configure the study to match the Fib length you used in the strategy.
Create Alerts from the study to generate the buy or sell signals to 3Commas
The below steps for creating signals are just examples! Since there are numerous ways you can open or close a trade from a signal, please do your own testing. This cannot be understated.
Example of how to generate buy signals:
After adding the study, select the three dots for this study and click on "Add an alert on Fibonacci Zone Study /w Candles…"
Setup the condition to trigger the alert. If you want to initiate a buy when the price crosses over the top of the lower Fib zone (downtrend zone), then use the following:
Condition>Fibonacci Zone Study>Price High>Crossing Up>Fibonacci Zone Study>Top-Low Fib Border
Options>Once per bar
Expiration>Open-ended
Alert actions>Webhook URL (use the 3Commas webhook URL)
Alert name>Enter a name, "BUY Paper-Fib-Bot"
Message>Use the 3Commas message from the paper bot to open the trade
Example of how to generate sell signals:
After adding the study, select the three dots for this study and click on "Add an alert on Fibonacci Zone Study /w Candles…"
Setup the condition to trigger the alert. If you want to initiate a sell when the price reaches the top of the High Fib zone (uptrend zone), then try the following:
Condition>Fibonacci Zone Study>Price High>Crossing Up>Fibonacci Zone Study>Top-High Fib Border
(Note: I used "Crossing Up" but "Crossing" is another option; I just haven't tested it yet with a paper bot)
Options>Once per bar
Expiration>Open-ended
Alert actions>Webhook URL (use the 3Commas webhook URL)
Alert name>Enter a name, "SELL Paper-Fib-Bot"
Message>Use the 3Commas message from the paper bot to close the trade
Volume Forks [Trendoscope]🎲 Volume Forks - Advanced Price Analysis with Recursive Auto-Pitchfork and Angled Volume Profile
The Volume Forks Indicator is a comprehensive research tool that combines two innovative techniques, Recursive Auto-Pitchfork and Angled Volume Profile . This indicator provides traders with valuable insights into price dynamics by integrating accurate pitchfork drawing and volume analysis over angled levels. The indicator does following things
Detects Pitchfork formations automatically on the chart over Recursive Zigzag
Instead of drawing forks based on fib levels, volume distribution over ABC of pitchfork is calculated and drawn in the direction of the handle.
🎲 Brief about Pitchfork
Pitchfork is drawn when price forms ABC pattern. Pitchfork draws a series of parallel lines in the direction of trend which can be used for support and resistance.
There are many methods of drawing pitchfork. In all cases, a line joining BC will make the base of pitchfork and fork lines are drawn from different points of the base. All the fork lines will be parallel. But, the handle of the base defines the direction of fork lines. Classification of pitchfork is mainly based on the starting and ending points of the handle.
🎲 Regular Types
Here, end of the handle is always fixed and it will be the mid point of B and C.
🎯 Andrews Pitchfork
Handle starts from A and joins the base at mid of B and C.
Forks are drawn based on fib ratios from the handle
🎯 Schiff Pitchfork
Handle starts from Bar of A and price of middle of AB and joins the base at mid of B and C
Forks are drawn based on fib ratios from the handle
🎯 Modified Schiff Pitchfork
Handle starts from mid of A and B and joins the base at mid of B and C
Forks are drawn based on fib ratios from the handle
🎲 Inside Types
Here, C will act as end of the handle which joins the Base BC .
🎯 Andrews Pitchfork (Inside)
Handle starts from A and joins the base at C
Forks are drawn based on fib ratios from the handle
🎯 Schiff Pitchfork (Inside)
Handle starts from Bar of A and price of (A+B)/2 and joins the base at C
Forks are drawn based on fib ratios from the handle
🎯 Modified Schiff Pitchfork (Inside)
Handle starts from mid of A and B and joins the base at C
Forks are drawn based on fib ratios from the handle
🎲 Brief about Pitchfork
The Angled Volume Profile technique expands on the concept of volume profile by measuring volume distribution levels over angled levels rather than just horizontal levels. By selecting a starting point and angle interactively, traders can assess volume distribution within specific price trends. This feature is particularly useful for analysing volume dynamics in trending markets.
🎲 Settings
Indicator settings include few things which determine the scanning of pitchforks and few which determines drawing of volume profile lines.
Please note that, due to pine limitations of 500 lines, if there are too many formations on the chart, volume profile may not appear correctly. If that happens, please reduce the number of volume forks per formation.
FA_PA_LIBLibrary "FA_PA_LIB"
A collection of custom tools & utility functions commonly used for coding Dr Al Brooks, Price Action System with my scripts
getBodySize()
Gets the current candle's body size (in POINTS, divide by 10 to get pips)
Returns: The current candle's body size in POINTS
getTopWickSize()
Gets the current candle's top wick size (in POINTS, divide by 10 to get pips)
Returns: The current candle's top wick size in POINTS
getTopWickPercent()
Gets the current candle's top wick size (in POINTS, divide by 10 to get pips)
Returns: Percent of total candle width that is occupied by the upper wick
getBottomWickSize()
Gets the current candle's bottom wick size (in POINTS, divide by 10 to get pips)
Returns: The current candle's bottom wick size in POINTS
getBottomWickPercent()
Gets the current candle's bottom wick size (in POINTS, divide by 10 to get pips)
Returns: Percent of total candle width that is occupied by the lower wick
getBarMidPoint()
Gets the current candle's midpoint wick to wick
Returns: The current candle's mid point
getBodyPercent()
Gets the current candle's body size as a percentage of its entire size including its wicks
Returns: The current candle's body size percentage (00.00)
bullFib(priceLow, priceHigh, fibRatio)
Calculates a bullish fibonacci value
Parameters:
priceLow (float) : The lowest price point
priceHigh (float) : The highest price point
fibRatio (float) : The fibonacci % ratio to calculate
Returns: The fibonacci value of the given ratio between the two price points
bearFib(priceLow, priceHigh, fibRatio)
Calculates a bearish fibonacci value
Parameters:
priceLow (float) : The lowest price point
priceHigh (float) : The highest price point
fibRatio (float) : The fibonacci % ratio to calculate
Returns: The fibonacci value of the given ratio between the two price points
isBr()
Checks if the current bar is a Bear Bar
Returns: A boolean - true if the current bar is bear candle
isBl()
Checks if the current bar is a Bull Bar
Returns: A boolean - true if the current bar is Bull candle
isTrendBar()
Checks if the current bar is a Trend Bar. Candle that its body size is greater than 50% of entire candle size
Returns: A boolean - true if the current bar is Trend candle
isBlTrendBar()
Checks if the current bar is a Bull Trend Bar. Bullish candle that its body size is greater than 50% of entire candle size
Returns: A boolean - true if the current bar is Bull Trend candle
isBrTrendBar()
Checks if the current bar is a Bull Trend Bar. Bullish candle that its body size is greater than 50% of entire candle size
Returns: A boolean - true if the current bar is Bull Trend candle
isBlRevB()
Checks if the current bar is a Bull Reversal Bar. Bullish candle that closes on upper half of candle body
Returns: A boolean - true if the current bar is Bull Reversal candle
isBrRevB()
Checks if the current bar is a Bear Reversal Bar. BulBearish candle that closes on lower half of candle body
Returns: A boolean - true if the current bar is Bear Reversal candle
isDoji(wickSize, bodySize)
Checks if the current bar is a doji candle based on the given parameters
Parameters:
wickSize (float) : (default=2) The maximum top wick size compared to the bottom (and vice versa)
bodySize (float) : (default=0.05) The maximum body size as a percentage compared to the entire candle size
Returns: A boolean - true if the current bar matches the requirements of a doji candle
isHammer(fib, colorMatch)
Checks if the current bar is a hammer candle based on the given parameters
Parameters:
fib (float) : (default=0.382) The fib to base candle body on
colorMatch (bool) : (default=true) Does the candle need to be green? (true/false)
Returns: A boolean - true if the current bar matches the requirements of a hammer candle
isStar(fib, colorMatch)
Checks if the current bar is a shooting star candle based on the given parameters
Parameters:
fib (float) : (default=0.382) The fib to base candle body on
colorMatch (bool) : (default=false) Does the candle need to be red? (true/false)
Returns: A boolean - true if the current bar matches the requirements of a shooting star candle
isBlOB()
Detects Bullish outside bars(OB)
Returns: Returns true if the current bar is a bull outside bar
isBrOB()
Detects Bearish outside bars(OB)
Returns: Returns true if the current bar is a bear outside bar
Visible and Anchored OTE chart [SYNC & TRADE]Thanks for the start @twingall
Visible and Anchored OTE chart
Indicator for visualizing price levels and optimal trading zones (OTE - Optimal Trading Entry) using Fibonacci levels.
Main features
Visualization of price ranges using two OTE zones:
OTE 70% (79-62 Fibonacci levels)
OTE 30% (21-38 Fibonacci levels)
Setting up time periods:
Ability to use a custom date range
Option to work with a higher time frame
Flexible display settings:
Choose between using candle bodies or the full range for binding
Customizable appearance of OTE boxes
Customizable text labels
Additional levels:
Middle line (50.5%)
Optional levels of 29.5%, 70.5% and 88%
Customizable Fibonacci extensions
Indicator settings
Main parameters
Use Custom Dates - enable a custom date range
Start Date/End Date - set a time range
Use Higher Timeframe - use a higher time frame
Higher Timeframe - select a higher timeframe
Setting up OTE zones
Show Fib Box - displaying OTE zones
Enable Fib Box 79-62 - enabling OTE zone 70%
Enable Fib Box 21-38 - enabling OTE zone 30%
Show Text - displaying text labels in zones
Visual design
Text Size - text size (tiny/small/medium/large)
Text Color - text color
Text Alignment - text alignment
Line Thickness - line thickness (1-4)
Line Style - line style (Solid/Dashed/Dotted)
Fibonacci levels
High/Low Lines - displaying extreme levels
Midline - displaying the middle line (50.5%)
Show 29.5 Line - additional level 29.5%
Show 70.5 Line - additional level 70.5%
Show 88 Line - additional level 88%
Extensions Fibonacci
There are 6 customizable extension levels available:
Ext#1 (default 1.0)
Ext#2 (default 1.27)
Ext#3 (default 1.62)
Ext#4 (default 2.0)
Ext#5 (default 2.62)
Ext#6 (default 3.62)
For each level, you can configure:
On/Off
Color
Meaning
Alerts
The indicator provides the following types of alerts:
Entering/Exiting OTE Zones:
Entering 70% OTE Zone
Exiting 70% OTE Zone
Entering 30% OTE Zone
Exiting 30% OTE Zone
Crossing Additional Levels:
Crossing 29.5% Level
Crossing 70.5% Level
Crossing 88% Level
Reaching Extension Levels Fibonacci:
Alerts for each configured extension level
Support for both positive and negative extensions
Usage
Add the indicator to the chart
Configure the required display parameters
Set alerts if necessary
Use OTE zones to identify potential entry points into the market
Notes
The indicator automatically updates when the visible area of the chart changes
When using a custom date range, make sure the selected period contains data
For correct operation with a higher time frame, make sure that historical data is available
Visible and Anchored OTE chart
Индикатор для визуализации ценовых уровней и зон оптимальной торговли (OTE - Optimal Trading Entry) с использованием уровней Фибоначчи.
Основные возможности
Визуализация ценовых диапазонов с помощью двух OTE зон:
OTE 70% (79-62 уровни Фибоначчи)
OTE 30% (21-38 уровни Фибоначчи)
Настройка временных периодов:
Возможность использования пользовательского диапазона дат
Опция работы с высшим таймфреймом
Гибкая настройка отображения:
Выбор между использованием тел свечей или полного диапазона для привязки
Настраиваемый внешний вид боксов OTE
Настраиваемые текстовые метки
Дополнительные уровни:
Средняя линия (50.5%)
Опциональные уровни 29.5%, 70.5% и 88%
Настраиваемые расширения Фибоначчи
Настройка индикатора
Основные параметры
Use Custom Dates - включение пользовательского диапазона дат
Start Date/End Date - установка временного диапазона
Use Higher Timeframe - использование высшего таймфрейма
Higher Timeframe - выбор высшего таймфрейма
Настройка OTE зон
Show Fib Box - отображение зон OTE
Enable Fib Box 79-62 - включение зоны OTE 70%
Enable Fib Box 21-38 - включение зоны OTE 30%
Show Text - отображение текстовых меток в зонах
Визуальное оформление
Text Size - размер текста (tiny/small/medium/large)
Text Color - цвет текста
Text Alignment - выравнивание текста
Line Thickness - толщина линий (1-4)
Line Style - стиль линий (Solid/Dashed/Dotted)
Уровни Фибоначчи
High/Low Lines - отображение крайних уровней
Midline - отображение средней линии (50.5%)
Show 29.5 Line - дополнительный уровень 29.5%
Show 70.5 Line - дополнительный уровень 70.5%
Show 88 Line - дополнительный уровень 88%
Расширения Фибоначчи
Доступно 6 настраиваемых уровней расширения:
Ext#1 (по умолчанию 1.0)
Ext#2 (по умолчанию 1.27)
Ext#3 (по умолчанию 1.62)
Ext#4 (по умолчанию 2.0)
Ext#5 (по умолчанию 2.62)
Ext#6 (по умолчанию 3.62)
Для каждого уровня можно настроить:
Включение/выключение
Цвет
Значение
Оповещения
Индикатор предоставляет следующие типы оповещений:
Вход/выход из зон OTE:
Вход в зону OTE 70%
Выход из зоны OTE 70%
Вход в зону OTE 30%
Выход из зоны OTE 30%
Пересечение дополнительных уровней:
Пересечение уровня 29.5%
Пересечение уровня 70.5%
Пересечение уровня 88%
Достижение уровней расширения Фибоначчи:
Оповещения для каждого настроенного уровня расширения
Поддержка как положительных, так и отрицательных расширений
Использование
Добавьте индикатор на график
Настройте необходимые параметры отображения
При необходимости установите оповещения
Используйте зоны OTE для определения потенциальных точек входа в рынок
Примечания
Индикатор автоматически обновляется при изменении видимой области графика
При использовании пользовательского диапазона дат убедитесь, что выбранный период содержит данные
Для корректной работы с высшим таймфреймом убедитесь в доступности исторических данных
JordanSwindenLibraryLibrary "JordanSwindenLibrary"
TODO: add library description here
getDecimals()
Calculates how many decimals are on the quote price of the current market
Returns: The current decimal places on the market quote price
getPipSize(multiplier)
Calculates the pip size of the current market
Parameters:
multiplier (int) : The mintick point multiplier (1 by default, 10 for FX/Crypto/CFD but can be used to override when certain markets require)
Returns: The pip size for the current market
truncate(number, decimalPlaces)
Truncates (cuts) excess decimal places
Parameters:
number (float) : The number to truncate
decimalPlaces (simple float) : (default=2) The number of decimal places to truncate to
Returns: The given number truncated to the given decimalPlaces
toWhole(number)
Converts pips into whole numbers
Parameters:
number (float) : The pip number to convert into a whole number
Returns: The converted number
toPips(number)
Converts whole numbers back into pips
Parameters:
number (float) : The whole number to convert into pips
Returns: The converted number
getPctChange(value1, value2, lookback)
Gets the percentage change between 2 float values over a given lookback period
Parameters:
value1 (float) : The first value to reference
value2 (float) : The second value to reference
lookback (int) : The lookback period to analyze
Returns: The percent change over the two values and lookback period
random(minRange, maxRange)
Wichmann–Hill Pseudo-Random Number Generator
Parameters:
minRange (float) : The smallest possible number (default: 0)
maxRange (float) : The largest possible number (default: 1)
Returns: A random number between minRange and maxRange
bullFib(priceLow, priceHigh, fibRatio)
Calculates a bullish fibonacci value
Parameters:
priceLow (float) : The lowest price point
priceHigh (float) : The highest price point
fibRatio (float) : The fibonacci % ratio to calculate
Returns: The fibonacci value of the given ratio between the two price points
bearFib(priceLow, priceHigh, fibRatio)
Calculates a bearish fibonacci value
Parameters:
priceLow (float) : The lowest price point
priceHigh (float) : The highest price point
fibRatio (float) : The fibonacci % ratio to calculate
Returns: The fibonacci value of the given ratio between the two price points
getMA(length, maType)
Gets a Moving Average based on type (! MUST BE CALLED ON EVERY TICK TO BE ACCURATE, don't place in scopes)
Parameters:
length (simple int) : The MA period
maType (string) : The type of MA
Returns: A moving average with the given parameters
barsAboveMA(lookback, ma)
Counts how many candles are above the MA
Parameters:
lookback (int) : The lookback period to look back over
ma (float) : The moving average to check
Returns: The bar count of how many recent bars are above the MA
barsBelowMA(lookback, ma)
Counts how many candles are below the MA
Parameters:
lookback (int) : The lookback period to look back over
ma (float) : The moving average to reference
Returns: The bar count of how many recent bars are below the EMA
barsCrossedMA(lookback, ma)
Counts how many times the EMA was crossed recently (based on closing prices)
Parameters:
lookback (int) : The lookback period to look back over
ma (float) : The moving average to reference
Returns: The bar count of how many times price recently crossed the EMA (based on closing prices)
getPullbackBarCount(lookback, direction)
Counts how many green & red bars have printed recently (ie. pullback count)
Parameters:
lookback (int) : The lookback period to look back over
direction (int) : The color of the bar to count (1 = Green, -1 = Red)
Returns: The bar count of how many candles have retraced over the given lookback & direction
getBodySize()
Gets the current candle's body size (in POINTS, divide by 10 to get pips)
Returns: The current candle's body size in POINTS
getTopWickSize()
Gets the current candle's top wick size (in POINTS, divide by 10 to get pips)
Returns: The current candle's top wick size in POINTS
getBottomWickSize()
Gets the current candle's bottom wick size (in POINTS, divide by 10 to get pips)
Returns: The current candle's bottom wick size in POINTS
getBodyPercent()
Gets the current candle's body size as a percentage of its entire size including its wicks
Returns: The current candle's body size percentage
isHammer(fib, colorMatch)
Checks if the current bar is a hammer candle based on the given parameters
Parameters:
fib (float) : (default=0.382) The fib to base candle body on
colorMatch (bool) : (default=false) Does the candle need to be green? (true/false)
Returns: A boolean - true if the current bar matches the requirements of a hammer candle
isStar(fib, colorMatch)
Checks if the current bar is a shooting star candle based on the given parameters
Parameters:
fib (float) : (default=0.382) The fib to base candle body on
colorMatch (bool) : (default=false) Does the candle need to be red? (true/false)
Returns: A boolean - true if the current bar matches the requirements of a shooting star candle
isDoji(wickSize, bodySize)
Checks if the current bar is a doji candle based on the given parameters
Parameters:
wickSize (float) : (default=2) The maximum top wick size compared to the bottom (and vice versa)
bodySize (float) : (default=0.05) The maximum body size as a percentage compared to the entire candle size
Returns: A boolean - true if the current bar matches the requirements of a doji candle
isBullishEC(allowance, rejectionWickSize, engulfWick)
Checks if the current bar is a bullish engulfing candle
Parameters:
allowance (float) : (default=0) How many POINTS to allow the open to be off by (useful for markets with micro gaps)
rejectionWickSize (float) : (default=disabled) The maximum rejection wick size compared to the body as a percentage
engulfWick (bool) : (default=false) Does the engulfing candle require the wick to be engulfed as well?
Returns: A boolean - true if the current bar matches the requirements of a bullish engulfing candle
isBearishEC(allowance, rejectionWickSize, engulfWick)
Checks if the current bar is a bearish engulfing candle
Parameters:
allowance (float) : (default=0) How many POINTS to allow the open to be off by (useful for markets with micro gaps)
rejectionWickSize (float) : (default=disabled) The maximum rejection wick size compared to the body as a percentage
engulfWick (bool) : (default=false) Does the engulfing candle require the wick to be engulfed as well?
Returns: A boolean - true if the current bar matches the requirements of a bearish engulfing candle
isInsideBar()
Detects inside bars
Returns: Returns true if the current bar is an inside bar
isOutsideBar()
Detects outside bars
Returns: Returns true if the current bar is an outside bar
barInSession(sess, useFilter)
Determines if the current price bar falls inside the specified session
Parameters:
sess (simple string) : The session to check
useFilter (bool) : (default=true) Whether or not to actually use this filter
Returns: A boolean - true if the current bar falls within the given time session
barOutSession(sess, useFilter)
Determines if the current price bar falls outside the specified session
Parameters:
sess (simple string) : The session to check
useFilter (bool) : (default=true) Whether or not to actually use this filter
Returns: A boolean - true if the current bar falls outside the given time session
dateFilter(startTime, endTime)
Determines if this bar's time falls within date filter range
Parameters:
startTime (int) : The UNIX date timestamp to begin searching from
endTime (int) : the UNIX date timestamp to stop searching from
Returns: A boolean - true if the current bar falls within the given dates
dayFilter(monday, tuesday, wednesday, thursday, friday, saturday, sunday)
Checks if the current bar's day is in the list of given days to analyze
Parameters:
monday (bool) : Should the script analyze this day? (true/false)
tuesday (bool) : Should the script analyze this day? (true/false)
wednesday (bool) : Should the script analyze this day? (true/false)
thursday (bool) : Should the script analyze this day? (true/false)
friday (bool) : Should the script analyze this day? (true/false)
saturday (bool) : Should the script analyze this day? (true/false)
sunday (bool) : Should the script analyze this day? (true/false)
Returns: A boolean - true if the current bar's day is one of the given days
atrFilter(atrValue, maxSize)
Parameters:
atrValue (float)
maxSize (float)
tradeCount()
Calculate total trade count
Returns: Total closed trade count
isLong()
Check if we're currently in a long trade
Returns: True if our position size is positive
isShort()
Check if we're currently in a short trade
Returns: True if our position size is negative
isFlat()
Check if we're currentlyflat
Returns: True if our position size is zero
wonTrade()
Check if this bar falls after a winning trade
Returns: True if we just won a trade
lostTrade()
Check if this bar falls after a losing trade
Returns: True if we just lost a trade
maxDrawdownRealized()
Gets the max drawdown based on closed trades (ie. realized P&L). The strategy tester displays max drawdown as open P&L (unrealized).
Returns: The max drawdown based on closed trades (ie. realized P&L). The strategy tester displays max drawdown as open P&L (unrealized).
totalPipReturn()
Gets the total amount of pips won/lost (as a whole number)
Returns: Total amount of pips won/lost (as a whole number)
longWinCount()
Count how many winning long trades we've had
Returns: Long win count
shortWinCount()
Count how many winning short trades we've had
Returns: Short win count
longLossCount()
Count how many losing long trades we've had
Returns: Long loss count
shortLossCount()
Count how many losing short trades we've had
Returns: Short loss count
breakEvenCount(allowanceTicks)
Count how many break-even trades we've had
Parameters:
allowanceTicks (float) : Optional - how many ticks to allow between entry & exit price (default 0)
Returns: Break-even count
longCount()
Count how many long trades we've taken
Returns: Long trade count
shortCount()
Count how many short trades we've taken
Returns: Short trade count
longWinPercent()
Calculate win rate of long trades
Returns: Long win rate (0-100)
shortWinPercent()
Calculate win rate of short trades
Returns: Short win rate (0-100)
breakEvenPercent(allowanceTicks)
Calculate break even rate of all trades
Parameters:
allowanceTicks (float) : Optional - how many ticks to allow between entry & exit price (default 0)
Returns: Break-even win rate (0-100)
averageRR()
Calculate average risk:reward
Returns: Average winning trade divided by average losing trade
unitsToLots(units)
(Forex) Convert the given unit count to lots (multiples of 100,000)
Parameters:
units (float) : The units to convert into lots
Returns: Units converted to nearest lot size (as float)
getFxPositionSize(balance, risk, stopLossPips, fxRate, lots)
(Forex) Calculate fixed-fractional position size based on given parameters
Parameters:
balance (float) : The account balance
risk (float) : The % risk (whole number)
stopLossPips (float) : Pip distance to base risk on
fxRate (float) : The conversion currency rate (more info below in library documentation)
lots (bool) : Whether or not to return the position size in lots rather than units (true by default)
Returns: Units/lots to enter into "qty=" parameter of strategy entry function
EXAMPLE USAGE:
string conversionCurrencyPair = (strategy.account_currency == syminfo.currency ? syminfo.tickerid : strategy.account_currency + syminfo.currency)
float fx_rate = request.security(conversionCurrencyPair, timeframe.period, close )
if (longCondition)
strategy.entry("Long", strategy.long, qty=zen.getFxPositionSize(strategy.equity, 1, stopLossPipsWholeNumber, fx_rate, true))
skipTradeMonteCarlo(chance, debug)
Checks to see if trade should be skipped to emulate rudimentary Monte Carlo simulation
Parameters:
chance (float) : The chance to skip a trade (0-1 or 0-100, function will normalize to 0-1)
debug (bool) : Whether or not to display a label informing of the trade skip
Returns: True if the trade is skipped, false if it's not skipped (idea being to include this function in entry condition validation checks)
fillCell(tableID, column, row, title, value, bgcolor, txtcolor, tooltip)
This updates the given table's cell with the given values
Parameters:
tableID (table) : The table ID to update
column (int) : The column to update
row (int) : The row to update
title (string) : The title of this cell
value (string) : The value of this cell
bgcolor (color) : The background color of this cell
txtcolor (color) : The text color of this cell
tooltip (string)
Returns: Nothing.
Opening Range Gap + Std Dev [starclique]The ICT Opening Range Gap is a concept taught by Inner Circle Trader and is discussed in the videos: 'One Trading Setup For Life' and 2023 ICT Mentorship - Opening Range Gap Repricing Macro
ORGs, or Opening Range Gaps, are gaps that form only on the Regular Trading Hours chart.
The Regular Trading Hours gap occurs between 16:15 PM - 9:29 AM EST (UTC-4)
These times are considered overnight trading, so it is useful to filter the PA (price action) formed there.
The RTH option is only available for futures contracts and continuous futures from CME Group.
To change your chart to RTH, first things first, make sure you’re looking at a futures contract for an asset class, then on the bottom right of your chart, you’ll see ETH (by default) - Click on that, and change it to RTH.
Now your charts are filtering the price action that happened overnight.
To draw out your gap, use the Close of the 4:14 PM candle and the open of the 9:30 AM candle.
How is this concept useful?
Well, It can be used in many ways.
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How To Use The ORG
One of the ways you can use the opening range gap is simply as support and resistance
If we extend out the ORG from the example above, we can see that there is a clean retest of the opening range gap high after breaking structure to the upside and showing acceptance outside of the gap after consolidating within it.
The ORG High (4:14 Candle Close in this case) was used as support.
We then see an expansion to the upside.
Another way to implement the ORG is by using it as a draw on liquidity (magnet for price)
In this example, if we looked to the left, there was a huge ORG to the downside, leaving a massive gap.
The market will want to rebalance that gap during the regular trading hours.
The market rallies higher, rejects, comes down to clear the current days ORG low, then closes.
That is one example of how you can combine liquidity & ICT market structure concepts with Opening Range Gaps to create a story in the charts.
Now let’s discuss standard deviations.
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Standard Deviations
Standard Deviations are essentially projection levels for ranges / POIs (Point of Interests)
By this I mean, if you have a range, and you would like to see where it could potentially expand to, you’d place your fibonacci retracement tool on and high and low of the range, then use extension levels to find specific price points where price might reject from.
Since 0 and 1 are your Range High and Low respectively, your projection levels would be something like 1.5, 2, 2.5, and 3, for the extension from your 1 Fib Level, and -0.5, -1, -1.5, and -2 for your 0 Fib level.
The -1 and 2 level produce a 1:1 projection of your range low and high, meaning, if you expect price to expand as much as it did from the range low to range high, then you can project a -1 and 2 on your Fib, and it would show you what ICT calls “symmetrical price”
Now, how are standard deviations relevant here?
Well, if you’ve been paying attention to ICT’s recent videos, you would’ve caught that he’s recently started using Standard Deviation levels on breakers.
So my brain got going while watching his video on ORGs, and I decided to place the fib on the ORG high and low and see what it’d produce.
The results were very interesting.
Using this same example, if we place our fib on the ORG High and Low, and add some projection levels, we can see that we rejected right at the -2 Standard Deviation Level.
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You can see that I also marked out the EQ (Equilibrium, 50%, 0.5 of Fib) of the ORG. This is because we can use this level as a take profit level if we’re using an old ORG as our draw.
In days like these, where the gap formed was within a consolidation, and it continued to consolidate within the ORG zone that we extended, we can use the EQ in the same way we’d use an EQ for a range.
If it’s showing acceptance above the EQ, we are bullish, and expect the high of the ORG to be tapped, and vice versa.
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Using The Indicator
Here’s where our indicator comes in play.
To avoid having to do all this work of zooming in and marking out the close and open of the respective ORG candles, we created the Opening Range Gap + Standard Deviations Indicator, with the help of our dedicated Star Clique coder, a1tmaniac.
With the ORG + STD DEV indicator, you will be able to view ORG’s and their projections on the ETH (Electronic Trading Hours) chart.
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Features
Range Box
- Change the color of your Opening Range Gap to your liking
- Enable or disable the box from appearing using the checkbox
Range Midline
- Change the color of your Opening Range Gap Equilibrium
- Enable or disable the midline from appearing using the checkbox
Std. Dev
- Add whichever standard deviation levels you’d like.
- By default, the indicator comes with 0.5, 1, 1.5, and 2 standard deviation levels.
- Ensure that you add a comma ( , ) in between each standard deviation level
- Enable or disable the standard deviations from appearing using the opacity of the color (change to 0%)
Labels / Offset
- Adjust the offset of the label for the Standard Deviations
- Enable or disable the Labels from appearing using the checkbox
Time
- Adjust the time used for the indicators range
- If you’d like to use this for a Session or ICT Killzone instead, adjust the time
- Adjust the timezone used for the time referenced
- Options are UTC, US (UTC-4, New York Local Time) or UK (UTC+1, London Time)
- By default, the indicator is set to US
Zazzamira 50-25-25 Trend System Alerts OnlyPublishing my trading system script. It consist of several conditions to happen in order to open a trade. Work best on ES/MES 5 minute timeframe.
I like to use it with this settings:
- UTC -6 (don't tick Exchange Timezone)
and rest as default
To enter a trade, the following conditions must be met: Entry 1: the opening range (8:30AM - 9:15AM UTC-6) must be defined and the price must close above or below the opening range on the 5-minute timeframe. This entry condition defines the trade direction (above = long / below = short). Once the opening range is defined, the Trend-Based Fib Extension is applied from the range high to the range low (and vice versa). Fib levels are required for Exit conditions. Entry 2: the 8 - 27 - 67 - 97 EMAs must be defined. If the EMAs value order is 8 > 27 > 67 > 97, long-only trades are allowed. If the EMAs value order is 8 < 27 < 67 < 97, short-only trades are allowed. This entry condition filters fake breakouts of Entry 1. Entry 3: no trades are allowed after 12:59 UTC-6 (2PM EST). Entry 4: if Entry 1, Entry 2, and Entry 3 conditions are valid and the price hasn't reached the 23.6% Fib line, an entry order can be set at the range high/long with 4 contracts. To exit a trade, the following conditions must be met: Exit 1 (Stop loss): set a trailing stop based on 2.1x ATR (14) from entry. Exit 2: take 50% profits at the 23.6% Fib and leave trailing stop untouched. Exit 3: if Exit 2 triggers, take 50% (25% of total entry) off at 61.8% Fib, leaving Exit 2 trailing stop values valid. Exit 4: exit the full position at the FIB 100% value. Exit 5: all trades must be closed at 3pm UTC-6 (4PM EST). So basically Take Profit are 50%-25%-25% of position.
Code has been written by © Hiubris_Indicators who has been an amazing coder and gave me the possibility to make this script public so a really big shoutout to him.
This indicator only works for alerts, please check version without alerts to backtest or tweaks. This indicator is meant to be used to automate the system via webhooks
Zazzamira 50-25-25 Trend SystemPublishing my trading system script. It consist of several conditions to happen in order to open a trade. Work best on ES/MES 5 minute timeframe.
I like to use it with this settings:
- UTC -6 (don't tick Exchange Timezone)
and rest as default
To enter a trade, the following conditions must be met: Entry 1: the opening range (8:30AM - 9:15AM UTC-6) must be defined and the price must close above or below the opening range on the 5-minute timeframe. This entry condition defines the trade direction (above = long / below = short). Once the opening range is defined, the Trend-Based Fib Extension is applied from the range high to the range low (and vice versa). Fib levels are required for Exit conditions. Entry 2: the 8 - 27 - 67 - 97 EMAs must be defined. If the EMAs value order is 8 > 27 > 67 > 97, long-only trades are allowed. If the EMAs value order is 8 < 27 < 67 < 97, short-only trades are allowed. This entry condition filters fake breakouts of Entry 1. Entry 3: no trades are allowed after 12:59 UTC-6 (2PM EST). Entry 4: if Entry 1, Entry 2, and Entry 3 conditions are valid and the price hasn't reached the 23.6% Fib line, an entry order can be set at the range high/long with 4 contracts. To exit a trade, the following conditions must be met: Exit 1 (Stop loss): set a trailing stop based on 2.1x ATR (14) from entry. Exit 2: take 50% profits at the 23.6% Fib and leave trailing stop untouched. Exit 3: if Exit 2 triggers, take 50% (25% of total entry) off at 61.8% Fib, leaving Exit 2 trailing stop values valid. Exit 4: exit the full position at the FIB 100% value. Exit 5: all trades must be closed at 3pm UTC-6 (4PM EST). So basically Take Profit are 50%-25%-25% of position.
Code has been written by © Hiubris_Indicators who has been an amazing coder and gave me the possibility to make this script public so a really big shoutout to him.
Fibonacci Bollinger Band ClusterThis indicator creates moving averages based on Fibonacci numbers (3-233, divided by 10 to average) sourced by high, low, and ohlc4 and plots lines based on these three. The Fib MA High line is either green or red (Fib High < Close), the Fib MA Low line is either lime or orange (Fib Low < Close), and the Fib MA OHLC4 line is constantly white. A cluster or series of Bollinger Bands is then created using the Fib MA OHLC4 line as the basis. Fibonacci-based deviations (1, 2, 3, 5, 8) are then used to create three upper and three lower Bollinger lines.
AbdulLibraryLibrary "AbdulLibrary"
The library consists of three sections:
Technical Analysis Functions - A collection of tools commonly used by day traders
Trading Setup Filters Functions - A number of filters that help day traders to screen trading signals
Candlestick Pattern Detection Functions - To detect different candlestick patterns that are used in day trading setups
Note that this would have been possible without the help of @ZenAndTheArtOfTrading as I build-up this library after completing his pine script mastery course so big thanks to him
The content of the library are:-
fibLevels(preDayClose, preDayHigh, preDayLow) Calculates Daily Pivot Point and Fibonacci Key Levels
Parameters:
preDayClose : The previous day candle close
preDayHigh : The previous day candle high
preDayLow : The previous day candle low
Returns: Returns Daily Pivot Point and Fibonacci Key Levels as a tuple
bullishFib(canHigh, canLow, fibLevel) Calculates Fibonacci Levels in Bullish move
Parameters:
canHigh : The high of the move
canLow : The low of the move
fibLevel : The Fib level as % you want to calculate
Returns: Returns The Fib level for the Bullish move
bearishFib(canHigh, canLow, fibLevel) Calculates Fibonacci Levels in Bearish move
Parameters:
canHigh : The high of the move
canLow : The low of the move
fibLevel : The Fib level as % you want to calculate
Returns: Returns The Fib level for the Bearish move
getCandleSize() Calculates the size of candle (high - low) in points
Returns: Returns candle size in points
getCandleBodySize() Calculates the size of candle (close - open) in points
Returns: Returns candle body size in points
getHighWickSize() Calculates the high wick size of candle in points
Returns: Returns The high wick size of candle in points
getLowWickSize() Calculates the low wick size of candle in points
Returns: Returns The low wick size of candle in points
getBodyPercentage() Calculates the candle body size as % of overall candle size
Returns: Returns The candle body size as % of overall candle size
isSwingHigh(period) Checks if the price has created new swing high over a period of time
Parameters:
period : The lookback time we want to check for swing high
Returns: Returns True if the current candle or the previous candle is a swing high
isSwingLow(period) Checks if the price has created new swing low over a period of time
Parameters:
period : The lookback time we want to check for swing low
Returns: Returns True if the current candle or the previous candle is a swing low
isDojiSwingHigh(period) Checks if a doji is a swing high over a period of time
Parameters:
period : The lookback time we want to check for swing high
Returns: Returns True if the doji is a swing high
isDojiSwingLow(period) Checks if a doji is a swing low over a period of time
Parameters:
period : The lookback time we want to check for swing low
Returns: Returns True if the doji is a swing low
isBigBody(atrFilter, atr, candleBodySize, multiplier) Checks if a candle has big body compared to ATR
Parameters:
atrFilter : Check if user wants to use ATR to filter candle-setup signals
atr : The ATR value to be used to compare candle body size
candleBodySize : The candle body size
multiplier : The multiplier to be used to compare candle body size
Returns: Returns Boolean true if the candle setup is big
isSmallBody(atrFilter, atr, candleBodySize, multiplier) Checks if a candle has small body compared to ATR
Parameters:
atrFilter : Check if user wants to use ATR to filter candle-setup signals
atr : The ATR value to be used to compare candle body size
candleBodySize : The candle body size
multiplier : The multiplier to be used to compare candle body size
Returns: Returns Boolean true if the candle setup is small
isHammer(fibLevel, colorMatch) Checks if a candle is a hammer based on user input parameters and candle conditions
Parameters:
fibLevel : Fib level to base candle body on
colorMatch : Checks if user needs for the candel to be green
Returns: Returns Boolean - True if the candle setup is hammer
isShootingStar(fibLevel, colorMatch) Checks if a candle is a shooting star based on user input parameters and candle conditions
Parameters:
fibLevel : Fib level to base candle body on
colorMatch : Checks if user needs for the candel to be red
Returns: Returns Boolean - True if the candle setup is star
isBullEngCan(allowance, period) Check if a candle is a bullish engulfing candle
Parameters:
allowance : How many points the candle open is allowed to be off (To allow for gaps)
period : The lookback period for swing low check
Returns: Boolean - True only if the candle is a bullish engulfing candle
isBearEngCan(allowance, period) Check if a candle is a bearish engulfing candle
Parameters:
allowance : How many points the candle open is allowed to be off (To allow for gaps)
period : The lookback period for swing high check
Returns: Boolean - True only if the candle is a bearish engulfing candle
isBullDoji(maxSize, wickLimit, colorFilter) Check if a candle is a bullish doji candle
Parameters:
maxSize : Maximum candle body size as % of total candle size to be considered as doji
wickLimit : Maximum wick size of one wick compared to the other wick
colorFilter : Checks if the doji is green
Returns: Boolean - True if the candle is a bullish doji
isBearDoji(maxSize, wickLimit, colorFilter) Check if a candle is a bearish doji candle
Parameters:
maxSize : Maximum candle body size as % of total candle size to be considered as doji
wickLimit : Maximum wick size of one wick compared to the other wick
colorFilter : Checks if the doji is red
Returns: Boolean - True if the candle is a bearish doji
isBullOutBar() Check if a candle is a bullish outside bar
Returns: Boolean - True if the candle is a bullish outside bar
isInsideBar() Check if a candle is an inside bar
Returns: Returns Boolean - True if a candle is an inside bar
