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Fibonacci Pivot Range

666 obejrzeń
54
This is based on Fibonacci Pivot Points . I forked "CristianD CD_PivotR" code for this. Thanks


"Fibonacci Pivot Points start just the same as Standard Pivot Points . From the base Pivot Point , Fibonacci multiples of the high-low differential are added to form resistance levels and subtracted to form support levels."



  • Pivot Point (P) = (High + Low + Close)/3

  • Support 1 (S1) = P - {.382 * (High - Low)}

  • Support 2 (S2) = P - {.618 * (High - Low)}

  • Resistance 1 (R1) = P + {.382 * (High - Low)}

  • Resistance 2 (R2) = P + {.618 * (High - Low)}


Adding more support or resistance levels should be really easy.


Nov 29
Informacje o Wersji: I changed the supp1 and res1 from 0.382 to 0.236 and supp2/res2 from 0.618 to 0.382
I think it makes more sense. and 0.618 is too extreme.
Dec 02
Informacje o Wersji: 0.618 is back. Cryptocoin markets are volatile enough to make it useful. Also, renamed it to "Bestest Fibonacci Pivot Range aka "Fib_Piv" so it's easier to find.
Dec 02
Informacje o Wersji: Removed unrelated scripts from preview
Dec 02
Informacje o Wersji: Removed unrelated scripts from preview
Dec 03
Informacje o Wersji: Fixed a stupid copy/paste mistake. Now you can see the 0.618 line too.

Added transparency: 45

P line thickness is 2, the rest are 1


Please adjust it to your liking and screen res.


Any ideas or requests? Please post as comments.

PS! The way I use it is that I fire it up, use line tool to draw over today's and yesterdays lines and then hide the script. This way charts zoom in/out, scale etc work better.
Dec 17
Informacje o Wersji: Made it more visible on white background. Pivot point (green) S2 and R2 are now lines and from channel. You can change that from the settings.
Renamed the points.
Mar 21
Informacje o Wersji: Shortened the indicator titles/labels
Jan 26
Informacje o Wersji: Now you can select different time resolution for your Fibonacci Pivot point calculations.
For example, you can have a 15 min chart with Fibonacci Pivot points calculated from 4 h bars.
Default setting is 1 D

Jan 26
Informacje o Wersji: Now you can select different time resolution for your Fibonacci Pivot point calculations.
For example, you can have a 15 min chart with Fibonacci Pivot points calculated from 4 h bars.
Default setting is 1 D
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