TradeChartist Fib Master™TradeChartist Fib Master is a versatile Fibonacci Support and Resistance indicator that can be used to plot Automatic Levels and Fibonacci Levels based on a variety of ways from the settings, including Auto Fibs plot by connecting to an external indicator.
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What does ™TradeChartist Fib Master do?
Plots Automatic Levels without the need for user input
Plots 3 types of Fibonacci Levels
════ 1. Auto-Fibs (by connecting to an external indicator - Oscillatory or non-Oscillatory)
════ 2. Fibs based on Lookback (Lookback type - Candles or Days)
════ 3. Fibs based on Price Input
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Detailed description of ™TradeChartist Fib Master features
╔══ Automatic Levels Generator ══╗
Enabling Plot Automatic Levels plots support and resistance levels automatically without any input from the user other than preferred levels plot from the indicator settings namely,
Plot Local Levels for Lower TF - Plots all important Support/Resistance levels for mostly smaller time frames (can be used for up to 1hr in most cases). Recommended for Scalping/Swing Trading mostly dependent on volatility.
Plot Local Levels for Higher TF - Plots all important Support/Resistance levels inferred from mostly time frames - Short to Mid term outlook.
Plot Extended Levels for Higher TF - Plots all important Support/Resistance levels inferred from very higher time frames - Mid to Long term outlook.
Use Trading View Data Window to make effective use of the levels.
Tip: Add a duplicate Fib Master indicator to chart, use Automatic Levels Generator and increase transparency of Fib colours to 100. This helps view the levels on Data Window while having the Fib plots on chart.
Note: Uncheck Plot Automatic Levels to enable Fibonacci plots from Fibonacci Levels Generator
╔══ Fibonacci Levels Generator ══╗
════ 1. Auto-Fibs ════
Almost any indicator plot or Signal (Oscillatory or non-Oscillatory) can be connected to Fib Master to generate automatic fib levels. This is done by automatically detecting the price trend based on the connected indicator, its corresponding highest high and lowest low prices of each trend.
Also, Fib Master plots Bull (default - green) and Bear (default - red) Zones background including the signal candle (default - orange), where the trend changes based on the connected indicator Signal. This helps detect the effectiveness of the connected indicator Signal too, as too many unproductive signals from the connected indicator will create numerous Bull and Bear Zones (which also will render the Auto-Fibs ineffective).
To connect an external indicator Signal, just choose the corresponding Signal plot from the Plug Indicator Here dropdown from settings and choose whether the connected signal is Oscillatory (for Oscillators like RSI, CCI, MACD, Trend Identifier signals from more complex indicators like ™TradeChartist Bollinger Bands and Donchian Channels Pro etc.) or non-Oscillatory (for plots like Moving Averages, Super Trend, Ichimoku plots like Kijun Sen etc.)
If the connected Signal is Oscillatory, enter the filter levels. Default is 0 for both fields as most Oscillators have 0 as their mean reversal zone. For Oscillators like RSI, 60/40, 50/50, 55/45 etc. can be used.
Note: Please test the performance and effectiveness of Auto-Fibs of connected Signal first before using it for trades.
════ 2. Fibs based on Lookback ════
Lookback type - Candles
Determines the High and Low price of the user input number of Candles back (100 default) and plots Fibonacci Levels based on the calculated High and Low for the number of candles in the past from the current candle. The levels stay intact on any time frame as long as no new Highs or Lows are formed.
Lookback type - Days
Determines the High and Low price of the user input number of Days back (100 default) and plots Fibonacci Levels based on the calculated High and Low for the number of days in the past from the day of the current bar. The levels stay intact on any time frame as long as no new Highs or Lows are formed.
════ 3. Fibs based on Price Input ════
Plots Fibonacci Levels based on the user specified High and Low Price in the settings input fields. The levels stay intact on any time frame irrespective of new Highs or Lows being formed. Manual Price Input will enable the trader to keep the Levels intact and visually see the higher Fibonacci Retracement levels, when the price crosses beyond 100% retracement. On the other two lookback types, the Fibonacci levels are displayed only upto 100% retracement.
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Note: Show Auto-Fibs from current High/Low
When this option is chosen from indicator settings, the Auto-fib levels are drawn from the highest high of the trending price direction to lowest low of last trend for uptrend or vice-versa for downtrend.
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Extra Features
The Fibonacci levels can also be reversed by enabling Reverse Fibonacci Levels option from the settings.
0.886 and 1.113 Fib levels can be plotted on chart by enabling Show 0.886 and 1.113 Fibs from settings, as these are important levels for harmonic pattern traders.
Fib Line and Label Style including Color, transparency, size etc. can be changed from settings based on user preference.
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Example Charts
XAU-USD Gold Daily chart using Automatic Levels Generator with Zones identified when connected to external indicator
BTC-USDT Daily chart using Automatic Levels Generator
SPX 1hr chart using Automatic Levels Generator
ETH-USDT 1hr chart using AutoFibs generated by connecting Fib Master to RSI with 60/40 Filter levels
XAG-USD (Silver) 1hr chart using Fibonacci Levels based on lookback
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Best Practice: Test with different settings first using Paper Trades before trading with real money
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This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)
Premium Scripts - Trial access and Information
Trial access offered on all Premium scripts.
PM me directly to request trial access to the scripts or for more information.
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Use the link below or PM us to obtain access to this indicator.
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Publishing so others can try it out.
CryptoSignalScanner - OverBought/OverSold Zone IndicatorDESCRIPTION:
This indicator has been designed to do some swing trading on 4 hour and daily candles.
It also gives good results on the lower timeframes 5m, 15m and 1h but trading on those levels is time consuming and stressful.
• This indicator is based on RSI, Stochastic RSI and some other indicator(s).
• This indicator is based on our "CryptoSignalScanner - Advanced BUY/SELL Indicator" but with a small difference in calculation to define the OverBought and OverSold zones.
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• When the OverSold zone is displayed it means that the trading pair is OverSold. Wait for the reversal to BUY. Use the Fibonacci tool together with the Eliot Waves Theory to BUY.
FEATURES:
• You can adjust the OverBought and OverSold zones.
• You can display/hide the RSI.
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• You can display/hide the Stochastic RSI.
• You can adjust Stochastic RSI values.
• You can display/hide the ...
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• Etc...
REMARKS:
• This advice is NOT financial advice.
• We do not provide personal investment advice and we are not a qualified licensed investment advisor.
• All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice.
• We will not and cannot be held liable for any actions you take as a result of anything you read here.
• We only provide this information to help you make a better decision.
• While the information provided is believed to be accurate, it may include errors or inaccuracies.
HOW TO GET ACCESS TO THE SCRIPT:
• Use the link below to subscribe to our indicators.
Good Luck,
SEOCO
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How it will be useful in charts and What time Frame?
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Daily Zone
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Monthly Zone
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[3Captain] OverWatchHello. This is 3 Captain's Tirano.
This script is a free invite only script.
It was created for the purpose of swing trading and its usage is very simple.
In the event of a signal (alertable), you can receive the number of purchases from the black line in the gray area, and liquidate the division in the black line in the yellow area.
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If the existing black lines are extended horizontally and parallel, the resistance can be easily grasped by using them for sale later.
The loss will determine the good profit/loss ratio when you leave the gray area.
Please see the signature message below to access this script.
안녕하세요.
3Captain의 티라노 입니다.
본 스크립트는 무료로 제공되는 인바이트 온리 스크립트입니다.
사용신청은 아래 서명메세지에 있는 빙본 커뮤니티에서 무료로 신청하실 수 있습니다.
스윙 트레이딩을 목적으로 만들었으며 사용법은 대단히 심플합니다.
신호 발생시 (얼러트 가능) 회색영역 검은선에서 매수를 받으시고, 노란 영역 검은선에서 분할로 청산하시면 되겠습니다.
노란영역에서 진입하는 역추세 매매도 가능하지만, 초보자분께는 권장하지 않습니다.
기존의 검은선들을 수평으로 평행하게 연장시킨다면 이후 매물대로 활용하여 지지저항을 손쉽게 파악할 수 있습니다.
손절은 회색영역을 이탈시 손절하는것이 좋은 손익비를 결정하게 될 것입니다.
Please see the signature message below to access this script.
Novice Hedge Zone MarkerDear Investor / Trader,
Novice Hedge Zone Marker is a flag to identify the Supply and Demand zones.
I have coded the flag in such a way when there is an imbalance between the buyer and the seller, the flag is triggered.
There are 2 type of candle.
Equilibrium Candle (E-Candle):
They imply that transactions are happening in a range thus Buyer and Seller are in balance
Candle with Body Range <= 50% of Candle Range
Im-Balance Candle (IB-Candle):
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Candle with Body Range > 50% of Candle Range
Demand Zone Formation (DZ):
1. Reversal Pattern – RED IB Candle - > BLUE E Candle - > GREEN IB Candle
2. Continuous Pattern – GREEN IB Candle - > BLUE E Candle - > GREEN IB Candle
Supply Zone Formation (SZ):
1. Reversal Pattern – GREEN IB Candle - > BLUE E Candle - > RED IB Candle
2. Continuous Pattern – RED IB Candle - > BLUE E Candle - > RED IB Candle
Flag Name:
DZ - Demand Zone
SZ - Supply Zone
Suggested time frame:
Scalping trading - 1 Min or 3 Min
Intraday trading - 5 Min or 15 Min
Swing Trading - 1 Hr or 4 Hr
Positional Trading - 1 Day
Buy Opportunity:
Entry - When there is a formation of DZ flag in an up trend of the underlying.
Stop loss should be the low of the BLUE candle.
Sell Opportunity:
Entry - When there is a formation of SZ flag in a down trend of the underlying.
Stop loss should be the high of the BLUE candle.
High POP Setup:
One can take trades based on the flag when there is a correlation with Pivot , Camarilla , higher period MA.
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It is a simple inclusion of the basic 3 types of indicators used in the ToNoIt academy: Multiple Moving averages, Bollinger Bands and the MacD indicator.
This will allow a basic Trading view account user to add the RSI indicator that is available in the build ins list on Trading view.
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This will allow a basic Trading view account user to add the RSI indicator that is available in the build ins list on Trading view.
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MEGANEKO Signal R1&G1MEGANEKO Signal R1 & G1
・Original indicator by MEGANEKO
・For swing trading indicator
・This indicator provides entry points of buy and sell signals.
・Evolution of sma, rsi and stochastics.
・I really recommend to use this in combination with MEGANEKO Signal J & K3.
・It can be used for various markets such as stocks, exchange, cryptocurrency, and futures .
・It can be used for various time ranges.
・Invitation-only script.
R1 means REVERSE
G1 means Contrarian (Gyakubari in Japanese)
- R1.Long ..... shows Long signal
- R1.Short ..... shows Short signal
- G1.Long ..... shows Long signal
- G1.Short ..... shows Short signal
If you want to use this indicator, please access to the URL below
Thank you
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The lines themselves are plotted using some candle closes +- some spread (which can be adjusted to fit the asset you are trading)
The longer the line is, the more importance it has, the length of the lines are in this order (by colour)- White > Pink > Peach > Gray > Purple > Orange > Teal > Yellow
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OneGeenCandle - Tether-Printer**************** OnegreenCandle - Tether Printer ************************
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™TradeChartist Levels Generator V4"™TradeChartist Levels Generator" is an easy to use script that can be used by traders of all levels from beginners to advanced professionals.
What does the script do?
Plots the support and resistance levels automatically based on user preference of Local levels of Lower or Higher Timeframe from indicator settings.
Plots Fibonacci retracement levels between high and low based on 'Days' or 'Candles' lookback from indicator settings.
The script proves to be very effective when used with another indicator for trend confirmation like the ribbon (not included in this script) shown on chart.
What markets can this script be used on?
Forex
Stocks
Commodities
Cryptocurrencies
and almost any asset on Trading View
What is the difference between "Plot Levels" and "Plot Fibonacci Levels"?
"Plot Levels" plots support and resistance levels automatically without any input from the user other than preferred levels 'plot' from the indicator settings namely
Plot Local Levels for Higher TF - Plots all important Support/Resistance levels for mostly higher time frames (1hr or higher) - Short to Mid term outlook
Plot Local Levels for Lower TF - Plots all important Support/Resistance levels for mostly smaller time frames (can be used for up to 1hr in most cases) -
Recommended for Scalping/Swing Trading mostly dependent on volatility
"Plot Fibonacci Levels" plots all standard Fibonacci retracement levels - 0, 23.6%, 38.2%, 50%, 61.8%, 78.6% and 100% based on
"Days" Lookback - Fibonacci levels between High and Low based on number of days in the past, starting from the current day on any time frame chart
"Candles" Lookback - Fibonacci levels between High and Low based on number of candles in the past, starting from the current candle on any time frame chart
Can the Fibonacci levels be reversed?
Yes. The Fibonacci levels can be reversed by checking the "Reverse" checkbox from the indicator settings. This is very handy if the trend looks like there may be a support or resistance from one of the Fib levels and a possibility of a new high or a new low based on the price action.
What is the need for "Plot 1.272 Fibonacci Level" under "Plot Fibonacci Levels"?
1.272 is an important Fibonacci number as it is the square root of 1.618 and is the near support or resistance after 100% price retracement. Even though it keeps moving on the chart dependent on the new high or new low based on Days/Candles lookback, it serves as a 'nice to have' reference for any trader looking beyond 100% retracement for support/resistance .
Why do the 'local levels' lines' color changes between green and red?
The nearby levels lines change color based on price closing above or below them. This happens to only closest local levels for lower TF near price action and for top/bottom lines of the local levels for higher TF.
The line turns green when it becomes support as price closes above it.
The line turns red when it becomes resistance as price closes below it.
This is a free to use indicator. Give a thumbs up or leave a comment if you like the script.