Fibonacci Retracement + Pivot Points + RSI / Owl of Profit

Fibonacci Retracement + Pivot Points + RSI Strategy

This strategy combines Fibonacci Retracement, Pivot Points, and the Relative Strength Index (RSI) to identify key support/resistance levels, overbought/oversold conditions, and potential trade opportunities.

Features:

Fibonacci Retracement Levels:

Key levels (38.2%, 50%, 61.8%) are plotted to identify potential support and resistance zones.
Helps traders determine possible reversal or bounce points.
Pivot Points:

Automatically detects swing highs and lows on the chart.
Assists in locating key levels for entry or exit.
Relative Strength Index (RSI):

Identifies overbought (above 70) and oversold (below 30) conditions.
Provides additional confirmation for trades.
Entry and Exit Conditions:

Buy Signal: Triggered when the price bounces from a Fibonacci retracement level and RSI is below 30 (oversold).
Sell Signal: Triggered when the price rejects a Fibonacci retracement level and RSI is above 70 (overbought).
Customization Options:

Adjust Fibonacci levels, pivot point sensitivity, and RSI thresholds to suit different markets and trading styles.
Visualization:

Fibonacci retracement levels and pivot points are displayed directly on the chart.
RSI is plotted in a separate panel, with overbought/oversold levels clearly marked.
This strategy is designed for educational and testing purposes. Use it as a foundation for further backtesting and adapting to your trading approach.

Visit my website for more tools and strategies: bybitindicators.com

Happy trading!