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Fibonacci

3rd WaveHello 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 check its volume and compare with the volumes of the waves 1 and 2 optionally. Pine Team released Pine version 5! This script was developed in v5 and it uses Library feature of Pine v5 for the zigzag functions. This script is also an example for the Pine developers who learn Pine v5 and Libraries. Options: Zigzag Period: is the length that is used to calculate highest/lowest and the zigzag waves Min/Max Retracements: is the retracement rates to check the wave 2 according to wave 1. for example; if min/max values are 0.500-0.618 then wave 2 must be minimum 0.500 of wave 1 and maximum 0.618 of wave 1. Check Volume Support: is an option to compare the volumes of1. 2. and . waves. if you enable this option then the script checks their volume and 3rd wave volume must be greater then 1 and 2 there are 4 options for the targets. you can enable/disable and change their levels. targets are calculated using length of wave 1. Options to show breakout zone, zigzag, wave 1 and 2. and some options for the colors. The Library that is used in this script: P.S. This is an experimental work and can be improved. So do not hesitate to drop your comments under the script ;) Enjoy!
Indicator
by LonesomeTheBlue
105
ZigZag Chart with SupertrendHello 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 chart: You have a few options and using these options you can find best settings for the securities/timeframes. You can change Zigzag period, if you change Zigzag Period then all zigzag and the chart is recalculated/reconstructed. You have option to show Zigzag Supertrend or Zigzag Moving Average, the options you have; - You can change ATR Length and ATR multiplier for supertrend - You can change Length for Simple Moving Average You can change Zigzag candle & wick colors using options. Also you have option to change bar colors according to Zigzag Supertrend direction. As it's timeless chart, below you can see how/when bar colors and Zigzag Supertrend change: You can see Simple Moving Average of the Zigzag Candles: You can play with ATR length and multiplier to find best supertrend: You can play with the candle & wick colors: Enjoy!
Indicator
by LonesomeTheBlue
42
Auto Phivots S/R [DM]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 pivot point (PP) level and several support (S) and resistance (R) levels. // //Calculation //PP, resistance and support values are calculated in different ways, depending on //the type of the indicator, specified by the Type field in indicator inputs. To //calculate PP and support/resistance levels, the values OPENcurr, OPENprev, HIGHprev, //LOWprev, CLOSEprev are used, which are the values of the current open and previous //open, high, low and close, respectively, on the indicator resolution. The indicator //resolution is set by the input of the Pivots Timeframe. If the Pivots Timeframe is set //to AUTO (the default value), then the increased resolution is determined by the //following algorithm: // //for intraday resolutions up to and including 15 min, DAY (1D) is used //for intraday resolutions more than 15 min, WEEK (1W) is used //for daily resolutions MONTH is used (1M) //for weekly and monthly resolutions, 12-MONTH (12M) is used
Indicator
by FloatingApexCharts
Fibonacci LevelsThe 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) * 1.618 longRange_fib1618 = highestHighperLongRange + (highestHighperLongRange - lowestLowperLongRange) * .618 longRange_fib786 = highestHighperLongRange - (highestHighperLongRange - lowestLowperLongRange) * 0.236 longRange_fib618 = highestHighperLongRange - (highestHighperLongRange - lowestLowperLongRange) * 0.382 longRange_fib50 = highestHighperLongRange - (highestHighperLongRange - lowestLowperLongRange) * 0.500 longRange_fib382 = highestHighperLongRange - (highestHighperLongRange - lowestLowperLongRange) * 0.618 longRange_fib236 = highestHighperLongRange - (highestHighperLongRange - lowestLowperLongRange) * 0.764 Those lines are drawn and labeled to right of chart The 2 heavy whites and the short range of the Fib1 (Top) and Fib0 (Bottom). Eyes on chart when it approaches one those two points. This is where I look for continuation or reversal patterns, especially near a Longterm Fib The Red, Green, Yellow and Blue are colored ratio lines that I am experimenting with and will later combine with a multiple time frames to show discernable patterns of potential near future movements. The prices interacts with the fib lines and each of the the colored ratio lines as you go from small to larger time frames. I will be publishing this soon to allow the community to improve on it.
Indicator
by BoneFunkenstein
7
Retracer Barcolor With LuckyNickVaFibonacci 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 other tools to confirm price action & your own analysis of your expectations. But quickly explained Fibonacci levels are Price Reversal levels that are self fulfilled due to mass trading at these price reversal levels. So the correct way to find opportunity with this script is to use these levels to analyze price action for Pullbacks in the market.
Indicator
by Nickafella
Average Daily Range Fibonacci LevelsThe 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 same value adjusted by the various Fibonacci values. A simpler version of this concept can be seen in my other script, Average Daily Range Zones, which does not include the Fibonacci ratio zones. Thanks to @Hank Hill for the original idea and TV for the feedback and support on the use of the security() function. Also thanks to @GoldenCross for the Fibonacci obsession.
Indicator
by colejustice
24
3GBH - Pivot Points & Fib LevelsThis 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 Line is either green or red depending on whether the price is above or below. ----- Fibonacci tools are quickly becoming a favorite of mine. This helps me to practice working with them, and may help to be more efficient in doing analysis.
Indicator
by Clancy3gbh
1
LTB Zigzag CirclesHello 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 as you wish and see the different results. Here you can see how the script calculates and draws the Circles: Below you can see how the script draws part of the circle on each bar: Optionally the script can show levels: P.S. I haven't tested it as a strategy, Result and Performance may change by Zigzag period, you need to find best Zigzag period according to your strategy. By the way, my Zigzag Circles idea can be improved, if you have any recommendation let me know please ;) Enjoy!
Indicator
by LonesomeTheBlue
80
Auto PitchFan, Fib Extension/Retracement and ZigZag by DGT 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 become a new pivot. Increasing its value is one way to get higher timeframe Levels     Depth , affects the minimum number of bars that will be taken into account when building     Historical PitchFan / Fibonacci Levels option will allow plotting of PitchFan / Fibonacci Levels on previous Pivot Highs/Lows █  PɪᴛᴄʜFᴀɴ — is a set of rays spreading out of the point of a trend's beginning. These rays inclined with the coefficients formed by a Fibonacci number sequence. It is recommended to adjust the Pitchfan plottings to fit after the first wave of the trend has passed and the correction has clearly begun. PitchFan rays corresponding to Fibonacci levels appear on a chart and represent inclined lines of support and resistance. Price areas near these rays are estimated areas from which the price can turn around or make a significant rebound. The whole logic of working with a pitchfan is based on one simple idea - if the price has bounced off the level, then the correction is likely to end, and the trend will continue. If the price has broken the first resistance, you should wait for the next level test     - Automatically plots PitchFan Rays, based on Pivot Lows/Highs.     - Ability to set ALERTs for each PitchFan Ray Level     - PitchFan Labels displays the price of the line at the last bar, the price value will be recalculated in each new bar Please check the link provided below with the educational post of how to apply pitchfork, application of pitchfan is same keeping in mind the recommendation stated above █  Fɪʙ Rᴇᴛʀᴀᴄᴇᴍᴇɴᴛs / Exᴛᴇɴꜱɪᴏɴꜱ Fibonacci retracements is a popular instrument used by technical analysts to determine support and resistance areas. In technical analysis, this tool is created by taking two extreme points (usually a peak and a trough) on the chart and dividing the vertical distance by the key Fibonacci coefficients equal to 23.6%, 38.2%, 50%, 61.8%, and 100%. Fibonacci extensions are a tool that traders can use to establish profit targets or estimate how far a price may travel AFTER a retracement/pullback is finished. Extension levels are also possible areas where the price may reverse. IMPORTANT NOTE: Fibonacci extensions option may require to do further adjustment of the study parameters for proper usage. Extensions are aimed to be used when a trend is present and they aim to measure how far a price may travel AFTER a retracement/pullback. I will strongly suggest users of this study to check the education post for further details where to use extensions and where to use retracements     - Automatically plots possible Support and Resistance levels, based on Pivot Lows/Highs.     - Ability to set ALERTs for each Fibonacci Extension/Retracement Level     - Labels displays the level and the level price █  Zɪɢ Zᴀɢ — The Zig Zag indicator is used to help identify price trends and changes in price trends. The Zig Zag indicator plots points on a chart whenever prices reverse by a percentage greater than a Deviation variable. Straight lines are then drawn, connecting these points. The Zig Zag indicator serves base for PitchFan and Fibonacci Retracements / Extensions █  OTHER PitchFan is often used in combination with the other indicators and/or drawing tools such as Fibonacci Retracement, Fibonacci Channels, Fibonacci Time Zone and others. It allows identify the most powerful areas from which price can turn and to get more accurate trading signal Andrews’ Pitchfork, how to apply pitchfork and automated pitchfork study Fibonacci Fans, how to apply fibonacci fans and automated fibonacci speed and resistance fans study Fibonacci Extension / Retracement, where to use extensions and where to use retracements and automated fibonacci extension / retracement / pivot points study Others Fibonacci Channels, how to apply fibonacci channels and automated fibonacci channels study Linear Regression Channels, , what linear regression channels are? and linear regression channel/curve/slope study Disclaimer : Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd PulseWire user liable for any possible claim for damages arising from any decision you make based on use of the script
PulseHub
Indicator
by dgtrd
72
Fibonacci Extension / Retracement / Pivot Points by DGTFɪʙᴏɴᴀᴄᴄɪ 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 support (S) and resistance (R) levels. PP, resistance and support values are calculated in different ways, depending on the type of the indicator, this study implements Fibonacci Pivot Points The indicator resolution is set by the input of the Pivot Points TF (Timeframe). If the Pivot Points TF is set to AUTO (the default value), then the increased resolution is determined by the following algorithm:    for intraday resolutions up to and including 5 min, 4HOURS (4H) is used    for intraday resolutions more than 5 min and up to and including 45 min, DAY (1D) is used    for intraday resolutions more than 45 min and up to and including 4 hour, WEEK (1W) is used    for daily resolutions MONTH is used (1M)    for weekly resolutions, 3-MONTH (3M) is used    for monthly resolutions, 12-MONTH (12M) is used If the Pivot Points TF is set to User Defined, users may choose any higher timeframe of their preference █  Fɪʙ Rᴇᴛʀᴀᴄᴇᴍᴇɴᴛ — Fibonacci retracements is a popular instrument used by technical analysts to determine support and resistance areas. In technical analysis, this tool is created by taking two extreme points (usually a peak and a trough) on the chart and dividing the vertical distance by the key Fibonacci coefficients equal to 23.6%, 38.2%, 50%, 61.8%, and 100%. This study implements an automated method of identifying the pivot lows/highs and automatically draws horizontal lines that are used to determine possible support and resistance levels █  Fɪʙᴏɴᴀᴄᴄɪ Exᴛᴇɴꜱɪᴏɴꜱ — Fibonacci extensions are a tool that traders can use to establish profit targets or estimate how far a price may travel AFTER a retracement/pullback is finished. Extension levels are also possible areas where the price may reverse. This study implements an automated method of identifying the pivot lows/highs and automatically draws horizontal lines that are used to determine possible support and resistance levels. IMPORTANT NOTE: Fibonacci extensions option may require to do further adjustment of the study parameters for proper usage. Extensions are aimed to be used when a trend is present and they aim to measure how far a price may travel AFTER a retracement/pullback. I will strongly suggest users of this study to check the education post for further details, where to use extensions and where to use retracements Important input options for both Fibonacci Extensions and Retracements Deviation, is a multiplier that affects how much the price should deviate from the previous pivot in order for the bar to become a new pivot. Increasing its value is one way to get higher timeframe Fib Retracement Levels Depth, affects the minimum number of bars that will be taken into account when building █  Volume / Volatility Add-Ons   High Volatile Bar Indication   Volume Spike Bar Indication   Volume Weighted Colored Bars This study benefits from build-in auto fib retracement tv study and modifications applied to get extentions and also to fit this combo Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd PulseWire user liable for any possible claim for damages arising from any decision you make based on use of the script
Indicator
by dgtrd
256
Auto Fib Channels by DGTThe 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 support and resistance For further details please refer to education post Nobody appears to know whether Fibonacci tools work because markets exhibit some form of natural pattern or because many investors use Fibonacci ratios to predict price movements, making them a self-fulfilling prophecy. █ Study OPTIONS   Auto Fibonacci Channels , the main aim of the study     - Pivot threshold can be adjusted via “Deviation” and “Depth” input options ‏    - Historical Channels / Retracements option will allow plotting of Channels on previous pivot high/lows     - Ability to set ALERTs for the Channel Levels     - Channel Labels displays the price of the line at the last bar, the price value will be updated in each new bar   Auto Fib Retracement – This is the build-in study of PulseWire, customized to be in-line with Fibonacci Channels     - Pivot threshold can be adjusted via “Deviation” and “Depth” input options ‏    - Historical Channels / Retracements option will allow plotting of Retracements on previous pivot high/lows     - Ability to set ALERTs for the Retracement Levels   Zig Zag – Derived from build-in Auto Fib Retracement with some customization options. Disclaimer : Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd PulseWire user liable for any possible claim for damages arising from any decision you make based on use of the script
Indicator
by dgtrd
91
Auto Fib Speed Resistance Fans by DGTFibonacci 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 which a set of sequential speed resistance lines are drawn above (which represents time) and below (which represents price). These lines are drawn based on time/price percentages of the distance between the beginning and the end of the trend line. Speed resistance lines not only help to measure trend corrections but also measure the speed of a trend (the rate at which a trendline ascends or descends) Traders can use the lines of the Fibonacci Speed and Resistance Fan to predict key points of resistance or support, at which they might expect price trends to reverse. Once a trader identifies patterns within a chart, they can use those patterns to predict future price movements and future levels of support and resistance. Traders use the predictions to time their trades. Key support and resistance levels tend to occur frequently at the 61.8-percent level on both uptrends and downtrends. Please check for further details in the education post that I will share shortly after this publication : Nobody appears to know whether Fibonacci tools work because markets exhibit some form of natural pattern or because many investors use Fibonacci ratios to predict price movements, making them a self-fulfilling prophecy. █ Study OPTIONS   Auto Fibonacci Speed and Resistance Fan , the main aim of the study     - Pivot threshold can be adjusted via “Deviation” and “Depth” input options ‏    - Historical Fans option will allow plotting of Speed and Resistance Fans on previous pivot high/lows     - Ability to set ALERTs for the Speed and Resistance Levels     - Price Grid Lines if extended it will result with Fib Retracement levels     - All lines, line levels are customizable, default values are set exactly to the same with the available Fib Speed and Resistance Fan drawing tool   Zig Zag – Derived from build-in Auto Fib Retracement with some customization options. Example Usages : Disclaimer : Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd PulseWire user liable for any possible claim for damages arising from any decision you make based on use of the script
Indicator
by dgtrd
135
Fibonacci levels alerted as Support and Resistance lvlsThis 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 support levels where the price open and closes above the fib level yet the price low was below. This means the bears where unable to break the support level and may potentially rebound. This script uses the 0.764, 0.618, 0.5, 0.382 and 0.236 levels. More can be added to script if asked. From personal use I use the script to help guide the entry and exit for potential trades aswell as helping mark price targets and exit levels. However i never use this script alone and actively ensure it is used alongside other technical indicators. Within the script there is also a plotted Fibonacci retracement chart which can help visually aid the trader.
Indicator
by Mikey_Scali
1
Auto Fibonacci ComboA 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 colorized for a better trend observation. Also the type of the moving averages could be picked up from 6 different types which are: - SMA (Simple Moving Average) - EMA (Exponential Moving Average) - HMA (Hull Moving Average) - LSMA (Least Squares Moving Average) - TMA (Triangular Moving Average) - MAEMA (My Personalized Momentum Adjusted EMA) I think the latter one makes a nice conjunction with Fibonacci retracements. Feel free to test the set and send me your thoughts.
Indicator
by informanerd
7
ZigZag Multi Time Frame with Fibonacci RetracementHello Traders, This is ZigZag Multi Time Frame with Fibonacci Retracement script. It calculates the ZigZag using Higher Time Frame, draw Fibonacci Retracement lines and put labels accordingly. I already published Zigzag with Fibonacci Levels script but this one is Multi Time Frame and I didn't want to change/update it. You can set ZigZag Period and Resolution as you wish. Zigzag is calculated using higher time frames (ex: 1day) so you better choose small numbers as Zigzag Period, such 2, 3 etc. you should choose higher time frame wisely, meaning that you should not set 1Day while chart resolution is 1min ;) It draws Fibonacci levels between 0%-100% and If the price goes higher/lower than 100% level than the script draws Fibonacci Levels accordingly. This means it draws Fibonacci levels until this levels get higher/lower than the price. "Show Zig Zag" is not enabled by default, you can enable it if you want to see ZigZag as well. You have options to set Text Color, Line Color, Zigzag Up Color and Zigzag Down Color. You can set the location of the Fibonnaci Levels -> Left or Right You also have option to enable/disable following Fibonnaci Levels: ---> 0.236 ---> 0.382 ---> 0.500 ---> 0.618 ---> 0.786 I added "Colorful Fibonacci Levels" for fun. if you enable it then Fibonacci line colors will be different randomly on each move, see it for yourself :) Some Screenshots: if you enable "Show Zigzag Option": how the script adjust levels automatically: if you set Label Location as "Right": if you enable "Colorful Fibonacci Levels" then Line colors will be changed on each move randomly ;) Enjoy!
Indicator
by LonesomeTheBlue
97
Beacon - Anthony Crudele's IndicatorBeacon uses the current volatility of the market based on your trading time frame to determine support and resistance levels, whether a trend is intact or ready to revert back in the range. One of the most difficult things I went through as a trader was determining whether we are in a trend day or if we are in grind up or grind down mode. I created Beacon to give me a simple look at the market to determine what type of environment we are in. I use Bollinger Bands (3 standard deviation) to determine the volatility cycle. Once the BB make peaks I took my Fibonacci Retracement tool and did a retracement from the peak high of the BB to the peak low. I use 70%, 50% and 30% for my support and resistance levels. I use those levels because I tested pretty much every percent level and those percentages averaged the highest performance on all tick charts and time charts. You can use Beacon on whatever time frame or tick chart you are trading on and it will determine that specific volatility cycle.
Indicator
by anthonycrudele
17
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