Plots the standard deviation resistance/support levels.
Input the previous settlement price and the implied volatility.
credit to u/UberBotMan and u/Living_Granger for the idea and formulas
(preview example is using settlement of 2420 and IV of 11)
EXPERIMENTAL: this script can be used as a trend follower if bgcolor is active, it can be used to catch extremes and target levels for a pull back to the mean, can be used as support and resistance with the time period open price and extreme. other uses, improvements let me know :p.
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...
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/)
Moving average of High, Low & Close with Fibonacci bands calculated from the average high and low. Four upper levels are to the power of 1.618, 2.618, 3.618 & 4.618. Four lower levels are to the power of 0.618, 1.618, 2.618 & 3.618. Included are a choice of time frames either current, semi-custom or fully custom allowing freedom to set any period you like which...
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!
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.
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.