Fibonacci EMA RSI Engine [StrixEDGE]StrixFIBER is a three-pillar confluence indicator that combines automatic Fibonacci retracement levels, EMA 50/200 trend structure, and RSI overbought/oversold detection into a single chart overlay. Signals fire only when multiple pillars confirm the same direction, with separate labels for standard and strong (all-three) confluence.
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🔶 THE THREE PILLARS
PILLAR 1 — AUTO FIBONACCI
The indicator automatically calculates Fibonacci retracement levels (0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%) from the highest high and lowest low over a configurable lookback period. All seven levels are plotted on the chart with price labels at the right edge.
The 50%–61.8% range is highlighted as the "Golden Zone" — the area where price most commonly finds support or resistance during healthy retracements. When price is within ATR proximity of a key Fibonacci level, the indicator scores it as "at support" or "at resistance" depending on price position relative to the 50% midpoint.
PILLAR 2 — EMA 50 / 200
The classic dual exponential moving average system. EMA 50 is colored green when above EMA 200 (bullish structure) and red when below (bearish structure). Golden Cross (EMA 50 crossing above EMA 200) and Death Cross (EMA 50 crossing below EMA 200) events are marked with diamond shapes on the chart.
The EMA pillar provides the trend context. Fibonacci support levels are more meaningful in a bullish EMA structure; resistance levels are more meaningful in a bearish structure.
PILLAR 3 — RSI OVERBOUGHT / OVERSOLD
RSI is calculated at a configurable length (default 14) with configurable OB/OS thresholds (default 70/30). The RSI line itself is not plotted (this is an overlay indicator), but OB and OS entries are marked as small colored circles above and below price bars.
OVERBOUGHT
OVERSOLD
The RSI pillar fires a bullish score when RSI recovers from oversold (crosses back above the OS threshold) and a bearish score when RSI drops from overbought (crosses back below the OB threshold). This captures the reversal moment, not just the extreme reading.
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🔶 CONFLUENCE LOGIC
Each pillar scores +1 (bullish), −1 (bearish), or 0 (neutral) independently. The scores are aggregated:
→ 3/3 Pillars = "Strong Buy" or "Strong Sell" — all three pillars fully aligned. Highest conviction.
BUY -
SELL -
→ 2/3 Pillars = "Buy" or "Sell" — two of three pillars agree. Standard conviction.
→ 1/3 Pillars = No signal by default (configurable).
The minimum number of pillars required for a signal is adjustable (1, 2, or 3). Default is 2.
Additional signal filtering:
→ Flip-Only Logic: After a Buy, the next signal must be a Sell (and vice versa). No consecutive same-direction signals.
→ Cooldown: Configurable minimum bars between signals (default 10).
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🔶 VISUAL FEATURES
Fibonacci Levels
→ All 7 standard levels plotted as colored lines (thicker for 50% and 61.8%)
→ Golden Zone (50–61.8%) highlighted with a translucent fill
→ Price labels at the right edge of each level showing the exact price value
EMA System
→ EMA 50 colored by trend direction (green above EMA 200, red below)
→ EMA 200 as a steady reference line
→ Golden Cross (GC) and Death Cross (DC) diamond markers
RSI Markers
→ Small green circles below bars when RSI enters oversold
→ Small red circles above bars when RSI enters overbought
→ RSI value displayed in the dashboard (not as a separate pane line)
Signals
→ Buy / Sell labels with exact entry price
→ "Strong Buy" / "Strong Sell" labels when all 3 pillars align (darker color for distinction)
→ Entry price horizontal line persists for 20 bars
→ ATR-based stop-loss level plotted below/above entry
Dashboard
→ EMA trend status with direction
→ RSI current value and zone (Overbought / Oversold / Neutral)
→ Fibonacci proximity status (At Support / At Resistance / Between)
→ Nearest Fibonacci level with distance in ATR units
→ Pillar confluence count and direction
→ Last signal direction and age (bars ago)
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🔶 SETTINGS GUIDE
Fibonacci
• Lookback Period (default 120) — Bars used for highest high / lowest low. Increase for wider retracement levels, decrease for tighter ones.
• Fibonacci Proximity (default 0.5 ATR) — How close price must be to a level to count as "at support/resistance." Lower = stricter.
EMA
• Fast EMA (default 50) — The responsive trend line.
• Slow EMA (default 200) — The structural trend anchor.
RSI
• Length (default 14) — Standard RSI lookback.
• Overbought (default 70) / Oversold (default 30) — Zone thresholds.
Signals
• Minimum Pillars (default 2) — Set to 3 for highest quality signals only.
• Cooldown (default 10 bars) — Minimum spacing between signals.
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🔶 WHAT MAKES THIS ORIGINAL
While Fibonacci, EMA, and RSI are individually common, StrixFIBER integrates them through a structured pillar scoring system with proximity-based Fibonacci detection, RSI recovery signals (not raw readings), and automatic signal strength classification. The confluence layer evaluates whether a Fibonacci level is meaningful (is the EMA structure supporting it? is momentum confirming it?) rather than displaying the three tools independently. The ATR-based proximity detection for Fibonacci levels, combined with the transition-based RSI scoring and flip-only signal enforcement, creates a framework that is more than the sum of its parts.
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🔶 RECOMMENDED USE
Designed for day trading on 15-minute to 1-hour charts across all markets: crypto, forex, stocks, indices, and commodities. Works well alongside StrixEDGE (trend confluence overlay) and StrixPULSE (pressure spectrum in a separate pane) for a complete multi-indicator setup.
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⚠️ DISCLAIMER
This indicator is a technical analysis tool, not financial advice. No indicator guarantees profitable outcomes. Past performance of any signal does not indicate future results. Always apply proper risk management and use this tool as one component of a complete trading plan.
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5 alert conditions: Buy Signal, Sell Signal, Any Signal, Golden Cross, Death Cross. Indicator
Prism Strategy## Prism Strategy: Multi-Dimensional Trend & Structural Flow
**Prism Strategy** is a high-precision trend-following and momentum execution engine designed to capture institutional-grade moves while providing a comprehensive structural analysis of the market. It integrates a dynamic EMA Ribbon, RSI momentum filtering, automated Fibonacci levels, and a proprietary "Structural Wall" logic to determine the most logical points for entry and risk management.
### 1. Trend Identification (The EMA Ribbon)
The strategy utilizes a 12-layer EMA Ribbon to identify trend alignment.
* **Short-Term Stack:** 3, 5, 8, 10, 12, 15 EMAs.
* **Long-Term Stack:** 30, 35, 40, 45, 50, 60 EMAs.
A signal is only considered valid when the ribbon is in a **Full Stack** configuration (perfectly ordered from fastest to slowest), ensuring the trend is established across multiple time-cycles.
### 2. Momentum Filtering
To prevent "whipsaws" in low-volatility environments, the strategy incorporates **RSI (14)**.
* **Long Positions:** Require RSI > 50.
* **Short Positions:** Require RSI < 50.
This ensures that the price is not just trending, but moving with sufficient velocity.
### 3. The "Structural Wall" Logic
One of the most advanced features of this strategy is the **Structural Wall Analysis**. The algorithm identifies the strongest confluence between:
* **Dynamic Support/Resistance:** The Base EMA (12).
* **Static Support/Resistance:** Auto-calculated Fibonacci Retracement levels (0.0 to 1.618).
The "Wall" is formed by selecting the maximum (for Longs) or minimum (for Shorts) of these two values, creating a "Hard Floor/Ceiling" that acts as the primary anchor for the trailing stop.
### 4. Dynamic Risk Management (ATR-Based)
* **Stop Loss & Take Profit:** Initial levels are calculated using **ATR (Average True Range)** multiplied by a user-defined factor (default 1.5x for stops and a 2.0 RR ratio).
* **Intelligent Trailing Stop:** The strategy tracks the "Structural Wall" and updates the stop loss in real-time. It only moves in the direction of the trade (up for long, down for short) to lock in profits while giving the price enough room to breathe based on current volatility.
### 5. Integrated Execution Dashboard
The built-in UI provides real-time data for professional monitoring:
* **System Mode:** Displays current trend bias (Bullish/Bearish/Neutral).
* **Entry Advice:** An AI-driven logic that evaluates if the current price is "Ideal," "Overextended," or if the "Risk > Reward" is currently unfavorable for new entries.
* **Fibonacci Alerts:** Warns the user when the price is approaching a major Fibonacci level (⚠️ Alert) to prepare for potential reversals or pullbacks.
### 6. Exit Logic
The strategy employs a **Unified Exit Engine** based on three criteria:
1. **Hard Stop/TP:** Triggered if price hits the ATR-based levels.
2. **Structural Violation:** Triggered if the "Trailing Stop" (Structural Wall) is breached.
3. **Trend Break:** Triggered if the EMA Ribbon loses its "Full Stack" alignment, indicating a loss of trend momentum.
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### **How to Use**
* **Timeframes:** Optimized for trend-rich environments (5m, 15m, 1h, and Daily).
* **Markets:** Effective on liquid assets including Equities, Forex, and Crypto.
* **Entry:** Look for "IDEAL ENTRY" status on the dashboard for the highest probability setups.
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**Disclaimer:** *Trading involves significant risk. This strategy is an analytical tool and does not guarantee profits. Past performance is not indicative of future results. This is not investment advice; it is for educational purposes only.* Strategy
Smart Money Engine [WillyAlgoTrader]Smart Money Engine (SME) is a comprehensive overlay indicator that automates the core elements of Smart Money Concepts (SMC) analysis: multi-layer market structure detection (BOS / CHoCH), order block identification with strength grading, fair value gap tracking with fill monitoring, inverse FVG generation, and auto-anchored Fibonacci retracement — all in a single, unified tool.
Rather than stacking five separate indicators on your chart — one for structure, one for OBs, one for FVGs, one for IFVGs, and one for Fibonacci — SME integrates these components so they share a common structural context. Order blocks are created at actual structure break points, FVGs are filtered against volatility, IFVGs are born from filled FVGs, and the Fibonacci grid automatically anchors to the current strong high and strong low. Every component is aware of the others, producing a cleaner and more logically consistent chart than layering independent tools.
🔍 WHAT MAKES IT ORIGINAL
1. Dual-layer structure detection (Swing + Internal). The indicator runs two independent pivot-based structure engines simultaneously. The Swing layer (configurable length, default 10) captures major market structure — the higher-timeframe trend. The Internal layer (shorter length, default 5) captures minor structure shifts within the swing trend. Both label BOS (Break of Structure — continuation) and CHoCH (Change of Character — reversal) independently. This dual-layer approach lets you see whether an internal CHoCH is happening against or with the swing trend — a key distinction in SMC methodology that single-layer tools miss.
2. Order Blocks with contextual grading (A / B / C). OBs are not placed at arbitrary candles. They are created only when a swing-level BOS or CHoCH occurs — the script walks back from the break to find the last opposite-colored candle (the institutional candle that initiated the move). Each OB is then graded:
— Grade A : OB overlaps with an FVG and has a volume spike (highest confluence)
— Grade B : OB has one confluence factor (volume spike OR FVG overlap)
— Grade C : basic OB without additional confluence
Grading helps you prioritize which zones to trade from. OBs extend until mitigated (user choice: close-based or wick-based mitigation), and each OB displays a Consequent Encroachment (CE) midline — the 50% level that often acts as the reaction point within the block.
3. Fair Value Gaps with ATR auto-filter and fill tracking. FVGs are detected using the classic three-candle gap method (current low > high two bars ago for bullish, inverse for bearish). A built-in ATR filter (enabled by default) suppresses FVGs smaller than 0.5× ATR, removing the micro-gaps that clutter charts on lower timeframes. Each FVG extends until fully filled, displays a CE midline, and is automatically removed once price closes through the gap.
4. Inverse FVG (IFVG) generation. When an FVG is fully filled by price, it doesn't just disappear — it transforms into an Inverse FVG with flipped bias. A filled bullish FVG becomes a bearish IFVG (potential resistance); a filled bearish FVG becomes a bullish IFVG (potential support). This captures the SMC concept that once institutional imbalance is filled, the zone can flip polarity. IFVGs are displayed with distinct dashed borders and tracked until mitigated by a close through their zone.
5. Auto-anchored Fibonacci retracement. The Fibonacci grid automatically spans from the current Strong High to Strong Low — the trailing extremes of the active swing structure. When a new BOS/CHoCH shifts the structure, the anchor points update and the grid repositions. The OTE (Optimal Trade Entry) zone between 0.5 and 0.618 is highlighted, giving you an immediate visual reference for the premium/discount equilibrium.
6. Strong / Weak High and Low levels. After each structural break, the indicator identifies the trailing high and low as either "Strong" or "Weak" based on their position relative to the current trend direction. In a bullish swing, the low that initiated the trend is the Strong Low (protected) and the high is the Weak High (target). These levels are extended forward as dashed lines, providing clear reference for where the trend is protected and where it is vulnerable.
⚙️ HOW IT WORKS
Structure detection:
Swing pivots are identified using ta.pivothigh() and ta.pivotlow() with the configured lookback length. The script maintains the most recent swing high and swing low. When price closes above the previous swing high (confirmed bar close, no mid-bar signals), it registers a bullish break. If the prior trend was bearish, this is labeled CHoCH (reversal); if bullish, it is labeled BOS (continuation). The same logic applies in reverse for bearish breaks. Internal structure uses an identical algorithm with a shorter lookback, and its labels are drawn with dashed lines and lighter opacity to visually distinguish them from swing-level events.
Order Block detection:
When a swing-level break is confirmed, the script scans backward (up to 30 bars) from the pivot that was broken to find the last candle with opposite polarity — the candle whose body direction opposes the break direction. The full range (high to low) of that candle becomes the OB zone. A volume spike check (volume > 1.5× 20-period SMA) adds confluence for grading. OBs extend right until the mitigation condition is met.
FVG detection:
On every confirmed bar, the script checks whether the current bar's low exceeds the high of two bars ago (bullish FVG) or the current high is below the low of two bars ago (bearish FVG). If the gap size passes the ATR filter, an FVG box is created. The box extends right each bar. If price fills the gap completely (low touches the bottom of a bullish FVG, or high touches the top of a bearish FVG), the FVG is removed and — if IFVG mode is enabled — queued for conversion to an Inverse FVG.
HTF trend filter:
An optional higher-timeframe EMA(50) filter provides directional bias. The HTF data is fetched using request.security() with confirmed-bar referencing ( + lookahead_on pattern) to prevent repainting. When enabled, the dashboard displays the HTF bias, and the confluence can factor into OB grading.
Anti-repaint compliance:
All structure breaks, OB creation, and FVG detection require barstate.isconfirmed — signals fire only after the bar closes. The HTF filter uses the standard non-repainting security call pattern. No future data is accessed.
📖 HOW TO USE
Reading the chart:
— HH / HL / LH / LL labels at swing points classify the market structure
— Solid horizontal lines with BOS or CHoCH labels = swing-level structure breaks
— Dashed lines with BOS/CHoCH = internal (minor) structure breaks
— Colored boxes = Order Blocks (green-tinted = bullish, red-tinted = bearish)
— Letter labels (A/B/C) on OBs = strength grade
— Dotted midline inside OBs = Consequent Encroachment (CE)
— Blue-tinted boxes = bullish FVGs; orange-tinted = bearish FVGs
— Dashed-border boxes labeled IFVG = Inverse Fair Value Gaps
— Dotted horizontal Fibonacci lines with OTE zone highlight = auto retracement grid
— Dashed trailing lines labeled "Strong High/Low" or "Weak High/Low" = structural extremes
Suggested workflow:
— Identify the swing trend direction from BOS/CHoCH labels and Strong/Weak levels
— Check if internal structure aligns with or diverges from swing structure
— Look for entry opportunities at Order Blocks (prioritize Grade A/B) within the Fibonacci OTE zone
— Use FVGs as additional confluence — a bullish OB that overlaps a bullish FVG is a higher-probability zone
— Monitor IFVGs for polarity-flipped zones that may act as new support/resistance
— Use the dashboard to track active OB/FVG/IFVG counts and HTF bias alignment
Timeframe guidance:
— Scalping (1–5min): Swing Length 5–7, Internal 3, increase Max OBs/FVGs for more zones
— Intraday (15min–1H): Swing Length 8–12, Internal 5, default settings work well
— Swing (4H–Daily): Swing Length 15–25, Internal 7–10, reduce Max OBs to keep chart clean
— Use the HTF filter with 1 step up (e.g. 1H chart → 4H HTF, 4H chart → D HTF)
⚙️ KEY SETTINGS REFERENCE
— Swing Detection Length (default 10): lookback for major structure pivots
— Internal Structure Length (default 5): lookback for minor structure pivots (should be < Swing Length)
— OB Mitigation (default Wick): "Close" = OB removed on close through zone; "Wick" = removed on any touch
— Show OB Grade (default On): display A/B/C strength classification on OBs
— Show OB Midline (default On): display CE (50%) line inside order blocks
— Auto-Filter Small FVGs (default On): suppress FVGs smaller than 0.5× ATR
— Max Visible OBs / FVGs / IFVGs (default 5 each): cap on displayed zones to manage chart clutter
— Show Inverse FVGs (default Off): enable IFVG generation from filled FVGs
— Show Fibonacci Retracement (default On): auto-anchored grid with OTE zone highlight
— HTF Trend Filter (default Off): set a higher timeframe for directional bias via EMA(50)
— Volume Confirmation (default On): add confluence when volume > 1.5× average (auto-disabled on forex)
📊 Dashboard
The info panel (adjustable to any chart corner) displays in real time:
— Swing trend direction (Bullish / Bearish)
— Internal trend direction
— Fibonacci range (Strong High — Strong Low)
— Count of active OBs, FVGs, and IFVGs
— HTF bias (if enabled)
— Current timeframe and indicator version
⚠️ IMPORTANT NOTES
— This indicator does not repaint. All signals and zone creations require bar-close confirmation. The HTF filter uses the standard + lookahead_on non-repainting pattern.
— SME is a structural analysis and zone-mapping tool — it identifies where institutional activity likely occurred, but it does not generate explicit buy/sell signals. Trade decisions should incorporate your own entry triggers, risk management, and additional confluence.
— Past structure patterns and zone reactions do not guarantee future price behavior.
— Performance may vary across instruments and timeframes. Lower timeframes produce more zones and structure shifts; use the ATR filter and Max Visible caps to manage noise.
— The indicator works across all asset classes. Volume-based features (OB grading) are automatically adjusted on instruments without volume data. Indicator
Fibonacci Retracement Engine (DFRE) [PhenLabs]📊 Fibonacci Retracement Engine (DFRE)
Version: PineScript™ v6
📌 Description
Dynamic Fibonacci Retracement Engine (DFRE) is a sophisticated technical analysis tool that automatically detects important swing points and draws precise Fibonacci retracement levels on various timeframes. The intelligent indicator eliminates the subjectivity of manual Fibonacci drawing using intelligent swing detection algorithms combined with multi timeframe confluence analysis.
Built for professional traders who demand accuracy and consistency, DFRE provides real time Fibonacci levels that adapt to modifications in market structure without sacrificing accuracy in changing market conditions. The indicator excels at identifying key support and resistance levels where price action is more likely to react, giving traders a potent edge in entry and exit timing.
🚀 Points of Innovation
Intelligent Swing Detection Algorithm : Advanced pivot detection with customizable confirmation bars and minimum swing percentage thresholds
Multi-Timeframe Confluence Engine : Simultaneous analysis across three timeframes to identify high-probability zones
Dynamic Level Management : Automatically updates and manages multiple Fibonacci sets while maintaining chart clarity
Adaptive Visualization System : Smart labeling that shows only the most relevant levels based on user preferences
Real-Time Confluence Detection : Identifies zones where multiple Fibonacci levels from different timeframes converge
Automated Alert System : Comprehensive notifications for level breakouts and confluence zone formations
🔧 Core Components
Swing Point Detection Engine : Uses pivot high/low calculations with strength confirmation to identify significant market turns
Fibonacci Calculator : Automatically computes standard retracement levels (0.236, 0.382, 0.5, 0.618, 0.786, 0.886) plus extensions (1.272, 1.618)
Multi-Timeframe Security Function : Safely retrieves Fibonacci data from higher timeframes without repainting
Confluence Analysis Module : Mathematically identifies zones where multiple levels cluster within specified thresholds
Dynamic Drawing Management : Efficiently handles line and label creation, updates, and deletion to maintain performance
🔥 Key Features
Customizable Swing Detection : Adjust swing length (3-50 bars) and strength confirmation (1-10 bars) to match your trading style
Selective Level Display : Choose which Fibonacci levels to show, from core levels to full extensions
Multi-Timeframe Analysis : Analyze up to 3 different timeframes simultaneously for confluence identification
Intelligent Labeling System : Options to show main levels only or all levels, with latest-set-only functionality
Visual Customization : Adjustable line width, colors, and extension options for optimal chart clarity
Performance Optimization : Limit maximum Fibonacci sets (1-5) to maintain smooth chart performance
Comprehensive Alerting : Get notified on level breakouts and confluence zone formations
🎨 Visualization
Dynamic Fibonacci Lines : Color-coded lines (green for uptrends, red for downtrends) with customizable width and extension
Smart Level Labels : Precise level identification with both ratio and price values displayed
Confluence Zone Highlighting : Visual emphasis on areas where multiple timeframe levels converge
Clean Chart Management : Automatic cleanup of old drawing objects to prevent chart clutter
Responsive Design : All visual elements adapt to different chart sizes and timeframes
📖 Usage Guidelines
Swing Detection Settings
Swing Detection Length - Default: 25 | Range: 3-50 | Controls the lookback period for identifying pivot points. Lower values detect more frequent swings but may include noise, while higher values focus on major market turns.
Swing Strength (Confirmation Bars) - Default: 2 | Range: 1-10 | Number of bars required to confirm a swing point. Higher values reduce false signals but increase lag.
Minimum Swing % Change - Default: 1.0% | Range: 0.1-10.0% | Minimum percentage change required to register a valid swing. Filters out insignificant price movements.
Fibonacci Level Settings
Individual Level Toggles : Enable/disable specific Fibonacci levels (0.236, 0.382, 0.5, 0.618, 0.786, 0.886)
Extensions : Show projection levels (1.272, 1.618) for target identification
Multi-Timeframe Settings
Timeframe Selection : Choose three higher timeframes for confluence analysis
Confluence Threshold : Percentage tolerance for level clustering (0.5-5.0%)
✅ Best Use Cases
Swing Trading : Identify optimal entry and exit points at key retracement levels
Confluence Trading : Focus on high-probability zones where multiple timeframe levels align
Support/Resistance Trading : Use dynamic levels that adapt to changing market structure
Breakout Trading : Monitor level breaks for momentum continuation signals
Target Setting : Utilize extension levels for profit target placement
⚠️ Limitations
Lagging Nature : Requires confirmed swing points, which means levels appear after significant moves
Market Condition Dependency : Works best in trending markets; less effective in extremely choppy conditions
Multiple Signal Complexity : Multiple timeframe analysis may produce conflicting signals requiring experience to interpret
Performance Considerations : Multiple Fibonacci sets and MTF analysis may impact indicator loading time on slower devices
💡 What Makes This Unique
Automated Precision : Eliminates manual drawing errors and subjective level placement
Multi-Timeframe Intelligence : Combines analysis from multiple timeframes for superior confluence detection
Adaptive Management : Automatically updates and manages multiple Fibonacci sets as market structure evolves
Professional-Grade Alerts : Comprehensive notification system for all significant level interactions
🔬 How It Works
Step 1 - Swing Point Identification : Scans price action using pivot high/low calculations with specified lookback periods, applies confirmation logic to eliminate false signals, and calculates swing strength based on surrounding price action for quality assessment.
Step 2 - Fibonacci Level Calculation : Automatically computes retracement and extension levels between confirmed swing points, creates dynamic level sets that update as new swing points are identified, and maintains multiple active Fibonacci sets for comprehensive market analysis.
Step 3 - Multi-Timeframe Confluence : Retrieves Fibonacci data from higher timeframes using secure request functions, analyzes level clustering across different timeframes within specified thresholds, and identifies high-probability zones where multiple levels converge.
💡 Note: This indicator works best when combined with other technical analysis tools and proper risk management. The multi-timeframe confluence feature provides the highest probability setups, but always confirm signals with additional analysis before entering trades. Indicator
Indicator
PullBack_Level_HunterThis script creates an "Auto Fibonacci" indicator that automatically plots selected Fibonacci retracement levels on a chart, based on a defined lookback period. Users can choose from various Fibonacci levels (0.236, 0.382, 0.5, 0.618, or 0.786) via a dropdown input, allowing for quick adjustments to analysis.
**Key Features:**
1. **Fibonacci Level Selection:** Users can select from multiple Fibonacci levels (0.236, 0.382, 0.5, 0.618, and 0.786) for analysis.
2. **Lookback Period:** The script allows users to define a lookback period to determine the highest high and the lowest low for plotting Fibonacci levels.
3. **Fibonacci Level Calculation:** The Fibonacci levels are calculated using two functions:
- `fib_level`: Calculates the Fibonacci level based on the highest high and lowest low of the lookback period.
- `fib_level_from_current`: Calculates the Fibonacci level from the current candle’s high.
4. **Plotting:** The script plots the selected Fibonacci level on the chart, using a red line for the general Fibonacci level and a blue line for the level calculated from the current high.
5. **Dynamic Visualization:** The Fibonacci levels are drawn as step lines to clearly visualize price levels based on historical data and current price action.
This tool is ideal for traders who wish to quickly assess key Fibonacci levels for potential support or resistance within a customizable lookback period. Indicator
Visible bars count on chart + highest/lowest bars, max/min AOThe indicator displays the number of visible bars on the screen (in the upper right corner), including the prices of the highest and lowest bars, the maximum or minimum value of the Awesome Oscillator (similar to MACD 5-34-5) for identify the 3-wave Elliott peak in the interval of 100 to 140 bars according to the Profitunity strategy of Bill Williams. The values change dynamically when scrolling or changing the scale of the graph.
In the indicator settings, you can hide labels, lines and change any parameters for the AO indicator - method (SMA, Smoothed SMA, EMA and others), length, source (open, high, low, close, hl2 and others).
‼️ The values are updated within 2-3 seconds after changing the number of visible bars on the screen.
***
Индикатор отображает количество видимых баров на экране (в правом верхнем углу), в том числе цены самого высокого и самого низкого баров, максимальное или минимальное значение Awesome Oscillator (аналогично MACD 5-34-5), чтобы определить пик 3-волны Эллиота в интервале от 100 до 140 баров по стратегии Profitunity Билла Вильямса. Значения меняются динамически при скроллинге или изменении масштаба графика.
В настройках индикатора вы можете скрыть метки, линии и изменить любые параметры для индикатора AO – метод (SMA, Smoothed SMA, EMA и другие), длину, источник (open, high, low, close, hl2 и другие).
‼️ Значения обновляются в течении 2-3 секунд после изменения количества видимых баров на экране. Indicator
Auto Fibonacci Retracement // Atilla YurtsevenOverview:
This Pine Script™ is a specialized tool for traders, designed to automatically plot Fibonacci retracement levels over a user-defined date range in trading charts. It also indicates the extent of price retracement within these levels.
Key Features:
Date Range Customization: Users can specify the start and end dates to focus the analysis on a particular trading period.
Dynamic Fibonacci Levels: The script includes various Fibonacci ratios (0.0, 0.236, 0.382, 0.5, 0.618, 0.786, 1.0), with the flexibility to enable or disable individual levels.
Visual Customization: Each Fibonacci level can be customized for color and line style (solid, dotted, dashed). Labels for each level are also configurable.
Retracement Measurement: The script not only draws the Fibonacci levels but also measures and displays how much the price has retraced within these levels.
Extension and Additional Options: Users have options to extend the Fibonacci lines and additional features such as using close values, trend drawing, date range display, and more.
Technical Insights:
The script identifies high and low values within the selected time frame, assessing the market's trend direction.
Within the specified date range, this script effortlessly plots the Fibonacci levels automatically, bringing clarity and precision to your market analysis as it unfolds.
The tool's adaptability makes it suitable for various trading styles and chart preferences.
Intended Use:
This script is particularly valuable for technical analysts and traders who use Fibonacci retracements to identify potential support and resistance areas and understand the depth of market corrections or rallies.
Disclaimer:
This Pine Script™ is offered 'as is', without any guarantees or warranties. It is intended for informational purposes and should not be taken as investment advice. Atilla Yurtseven, the creator of this script, assumes no responsibility for any financial losses or gains that may result from its usage. Users should perform their own due diligence and consult with professional advisors before making any investment decisions.
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Atilla Yurtseven Indicator
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