This script draws a High-To-Low or Low-To-High Fibonacci Retrace over the chart, based on which of those two happens in the given time period (Default is 144 Candles).
Updates from older versions:
- Paints 0.5, 0.618, 0.65 and spaces in between, giving good hindsight to the trend, and ideas of where strong support/resistance may lie.
- Silver Paint Strip = 0.50...
This script is based on the Gann's 50% Retracement rule.
First, the ATH (All Time High) and ATL (All Time Low) are calculated; then, the 50% retracement level is found.
With this 50% level, we'll calculate the maximum price entry to keep a ROI which is set in the parameters.
For exemple, I only want to buy assets which can make a x16 before the 50% retracement...
If you search the internet, you won't find much about these types of resistance and support levels. Hidden levels are SnR levels calculated based on some psychological patterns and sometimes it's unbelievable that the chart responds to these levels.
So use the indicator and check the idea.
This indicator shows classical resistance and support levels which retraced the chart lately. Notice that the condensed lines laying close together are showing an area of support and/or resistance.
But after all, it was a tedious work creating this indicator because like I've already said, pine script is a very odd and weak language which does not have many...
A Fibonacci Bollinger Bands indicator with automatic timeframe detection.
The timeframe reverts to the value specified in settings when viewing Daily, Monthly or seconds-based charts.
Based on: Bollinger Bands Fibonacci ratios by Shizaru (/script/bCy9urOG-Bollinger-Bands-Fibonacci-ratios/)
Absolute Retracement is a tool to obtain support and resistance levels.
It is designed for macro-level support and resistance and should be used on daily, weekly or monthly timeframes.
1. Define the Reference Point
There are 4 methods to define reference point and start initialization of the script:
- All Time Low / All Time High : The...
This is a line plotted at the 505 retrace of a swing high swing low move, it has an adjustable look back period, with a default setting on 60 bars.
The purpose for me is when we have a decent move in one direction any retracement that does not get past the 50% area of the move is a decent trade in the direction of the first move.
A simple way to find Higher Highs and Lower Lows (HH and LL) whit automatic Fibonacci Lines in the most common levels.
In this indicator the Higher Highs only happens when a high value are rising from each other in the last "Length of Real Pivots" highs and the next same number of highs are falling in every single bar.
The Lower Lows are inverted, LL only...
Although many will use lines in order to make support and resistances, others might use curves, this is logical since trends are not always linear. Therefore it was also important to take this into consideration, and when i published the price-line channel indicator, i already started a curved version of it. Therefore i propose this new indicator...
I did this indicator to find your context (Range, trend, etc.) and be able to have a signal included. I am not going to explain what is TD9 , I think you are able to do it yourself there is a mass of information out there. I recommend you to use this indicator with a momentum one (I am personnaly using moneyflow to see my divergence and my...
Based on the ADX Gapper strategy described in the book Street Smarts, it looks to exploit retracement to a prevailing trend when there has been a gap away from the trend, giving you multiple potential entries. It uses the ADX to determine a trend and detects when there is a gap to signal an entry day where:
You would enter short if the DI-(red line) > DI+ (green...
This indicator shows the relation of price against different period ma's.
When put in daily Timeframe it gives the 1400 Day (= 200 Weekly) and the 200 ,100 an 50 Daily.
The lines show the 200,100 and 50 ma in relation to the 1400 ma.
Dynamic Fibonacci levels in pleasing gold shades. Smoothing (SMA) of swing lows and highs enabled by default. Boldly, this just looks good. I am not sure whether it is of any help for trading purposes. If you do in fact find it useful, feel free to drop me a line and to share your insights.
Inspired by Ichimoku Fibonacci Hybrid , this indicator is for those who don't mind a lot of lines. All lines represent Fib ratios: thicker lines are fibs for a longer period, while thinner lines are fibs for a shorter period.
- Dynamic S/R
- Overbought/Oversold zones
- Trend indicator
- Customisable periods
- Fast/Slow crossovers
See what works for you!
This script is an attempt to display Fibonacci Levels in Auto Mode.
It allows for:
Select Higher Time Frame (HTF)
Indicate How Many Bars from HTF to Use to Find Highs/Lows
Manual Mode: Overrides HTF selections
Number of Bars Back to use in Manual Mode
Show/Hide each one of the Levels
This is an experimental study designed to identify potential areas of support and resistance using a hybrid between Camarilla and Fibonacci pivot calculations.
The levels are calculated by taking 110% of the previous interval's range multiplied by 8.33%, 16.67%, 25%, 50%, 61.8%, 78.6%, 100%, 127.2%, 141.4%, and 161.8%, then adding them above and below the interval...