this strategy is based on the Indicator "Auto Fib Golden Pocket Band - "Autofib Moving Average" it's the same as the indicator but with: - the strategy tester included - several entry Signal filter - Dynamic SL
plots the fib retracement Golden pocket moving average band on two different pivots
Hello All, In Elliott Wave Theory, 3rd wave is not the shortest one in the waves 1/3/5 and it's usually longest one. so if we can catch it then we may get good opportunities to trade. This script finds 3rd wave experimentally. it can be also the 3rd waves in the waves 1, 3, 5, A and C. the 3rd wave should have greater volume than other waves, the script can...
Hello All, This script creates Zigzag Chart by using Zigzag waves, so it's timeless chart meaning that no time dependency on X-axis. Optionally it can calculate & show Zigzag Supertrend or Simple Moving Average. Also it can change bar colors of the main chart by trend direction of Zigzag Supertrend. As seen below, each zigzag wave is a candle on Zigzag...
Greetings colleagues Today I share the classic pivot points indicator Added options: Standard levels Fibonacci levels "up to 261'8" Logarithmic scale option //Pivot Points Standard //Pivot Points Standard — is a technical indicator that is used to determine the levels //at which price may face support or resistance. The Pivot Points indicator consists of //a...
The 420 VWMA (Volume Weighted Moving Average) per period selected of the low price (Fib 0) and the high price (Fib 1). They are labeled in Color of the line they represent. The other Fib lines are calculated using common fib ratios as follows: longRange_fib2618 = highestHighperLongRange + (highestHighperLongRange - lowestLowperLongRange) *...
Fibonacci Input Preset Retracer. This for highlighting your favorite Fibonacci retracement levels. Before using this indicator you should already have knowledge of what Fibonacci is & how to use it. These are levels where it said to be that the market may or may not reverse at. This is more used for anticipation, confluence & should be used in combination with...
The Average Daily Range is a simple concept, calculated as the difference between daily highs and lows averaged over some period. This indicator uses that range in conjunction with Fibonacci ratios to create zones centered on the day's open that tends to act as areas of support and resistance. The thicker White lines are the ADR levels; all other lines are the...
This indicator shows three types of support and resistance lines: Horizontal, Parallel (using linear regression) and Fibonacci Retracement. Lines can be adjusted or turned on and off in settings. A great tool for setting up entries, exits and locating pivot points.
This indicator displays Pivot Points & Fib Levels based on the timeframe you select. ----- There are 3-levels of support/resistance to the Pivot Points. ----- Currently there are only Fib-Levels based on the 1st Pivot Levels . Fibs will be added to the other 2 levels in the near future. The Golden Ratio is highlighted by default. ----- The Pivot...
0.65 -0.666 Fib levels or commonly know as the CC pocket Marks Strong Support/Ressitance, Use with conflunce. Lookback Length is adjustable Let me know any suggestions or ideas which could help improve
Hello All, Today I am here with a new idea and script, " LTB Zigzag Circles ". The idea is to create Circles using last 2 zigzag waves and to catch the breakouts earlier than horizontal lines. if a circle is broken then the script shows entry for Long/Short positions. and if broken circle reappears again then the position is closed. You can change Zigzag period...
Aᴜᴛᴏ PɪᴛᴄʜFᴀɴ, Fɪʙ Exᴛᴇɴꜱɪᴏɴ/Rᴇᴛʀᴀᴄᴇᴍᴇɴᴛ ᴀɴᴅ ZɪɢZᴀɢ This study aim to automate PitchFan drawing tool and combines it with Fibonacci Extentions/Retracements and ZigZag. Common setting options, applied to all components of the study Deviation , is a multiplier that affects how much the price should deviate from the previous pivot in order for the bar to...
Fɪʙᴏɴᴀᴄᴄɪ Exᴛᴇɴᴛɪᴏɴ / Rᴇᴛʀᴀᴄᴍᴇɴᴛ / Pɪᴠᴏᴛ Pᴏɪɴᴛꜱ This study combines various Fibonacci concepts into one, and some basic volume and volatility indications █ Pɪᴠᴏᴛ Pᴏɪɴᴛꜱ — is a technical indicator that is used to determine the levels at which price may face support or resistance. The Pivot Points indicator consists of a pivot point (PP) level and several...
The Fibonacci Channel is a technical analysis tool that is used to estimate support and resistance levels based on the Fibonacci numbers. It is a variation of the Fibonacci retracement tool, except with the channel the lines run diagonally rather than horizontally. This study will automatically place the channels where the levels indicate future areas of...
Fibonacci Speed and Resistance Fan is an analytical drawing tool used to indicate the support and resistance levels of an existing trend and the price level at which possible changes in the trend may occur. A Fibonacci Speed Resistance Fan consists of a trend line drawn between two extreme points - a trough and opposing peak or a peak and opposing trough - on...
This script is another Fibonacci script however this script gives select signals indicating when a resistance level is hit aswell as a support level. A resistance level is calculated by price action failing to close or open above a fib level yet its high crossing the level. This essentially means price action was too weak to break this level. The same goes for...
A combination of Fibonacci indicators including: 1- Moving Auto-calculated Fibo Retracement Levels 2- Dynamic Auto-calculated Fibo Extension Levels 3- Adjustable Auto-calculated Fibo Time Zones 4- ّFlexible Fibo Moving Averages Ribbon The ribbon consists of 10 moving averages of selected source for different Fibonacci numbers count of bars which could be...