OPEN-SOURCE SCRIPT
Multi-Timeframe Fibonacci Retracement [HG]
# 🌀 Fibonacci Multi-Timeframe Indicator
## 🌟 Overview
An advanced Fibonacci-based indicator utilizing three distinct timeframes (5, 14, and 34 periods) to provide comprehensive market analysis. This powerful tool combines short-term momentum with medium and long-term trend perspectives, all based on the mathematical precision of Fibonacci sequence numbers.
## 🔧 Core Features
### 📊 Triple Fibonacci System
- **Fast Signal (5 periods)**: Ultra-responsive for scalping and quick entries
- **Medium Signal (14 periods)**: Balanced approach for swing trading
- **Slow Signal (34 periods)**: Long-term trend identification and confirmation
- **Fibonacci Harmony**: All periods based on authentic Fibonacci sequence
### 🎯 Multi-Timeframe Analysis
- **Convergence Signals**: When all three timeframes align
- **Divergence Detection**: Early warning of potential reversals
- **Momentum Layers**: Different speed signals for complete market picture
- **Trend Strength**: Measured through multiple Fibonacci perspectives
## 🎨 Customization Options
### 🎭 Visual Configuration
- **Individual Colors**: Separate color schemes for each timeframe
- **Line Styles**: Solid, Dashed, or Dotted options for clear differentiation
- **Line Thickness**: Adjustable width (1-5 pixels) for optimal visibility
- **Transparency Control**: Fine-tune opacity for overlapping signals
### ⚙️ Technical Parameters
- **Source Selection**: Configurable input (Close, Open, High, Low, HLC3)
- **Smoothing Options**: Additional filtering for cleaner signals
- **Alert System**: Notifications for convergence and crossover events
- **Display Toggle**: Enable/disable individual timeframe components
## 📈 Trading Applications
### 🎯 Signal Generation
- **Triple Confirmation**: Highest probability when all timeframes agree
- **Early Entry**: Fast signal (5) for quick market entries
- **Trend Confirmation**: Slow signal (34) validates overall direction
- **Exit Timing**: Medium signal (14) for optimal trade management
### 🔍 Market Analysis
- **Trend Identification**: Clear visualization of market direction
- **Momentum Shifts**: Early detection through Fibonacci relationships
- **Support/Resistance**: Dynamic levels based on Fibonacci calculations
- **Market Cycles**: Natural rhythm recognition through mathematical harmony
### ⚡ Trading Strategies
- **Scalping**: Ultra-fast 5-period signals for quick profits
- **Swing Trading**: 14-period balance for medium-term positions
- **Position Trading**: 34-period confirmation for long-term holds
- **Confluence Trading**: Maximum edge when all signals align
## 🚀 Key Benefits
✅ **Fibonacci Precision** - Mathematical accuracy of golden ratio sequences
✅ **Multi-Timeframe Edge** - Complete market perspective in one indicator
✅ **Natural Market Rhythm** - Fibonacci numbers reflect market psychology
✅ **Versatile Application** - Works across all markets and timeframes
✅ **High Probability Setups** - Triple confirmation reduces false signals
✅ **Professional Grade** - Institution-quality analysis tools
## 💡 Pro Trading Tips
- Wait for triple alignment for highest probability trades
- Use fast signal for entries, slow signal for trend bias
- Monitor divergences between timeframes for reversal opportunities
- Combine with support/resistance for confluence trading
- Scale position sizes based on timeframe agreement strength
## 🔢 Fibonacci Magic
The periods 5, 14, and 34 are not random - they represent consecutive Fibonacci numbers that naturally resonate with market movements and trader psychology, providing optimal market timing and trend analysis.
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*Perfect for traders seeking mathematical precision combined with multi-timeframe market analysis.*
## 🌟 Overview
An advanced Fibonacci-based indicator utilizing three distinct timeframes (5, 14, and 34 periods) to provide comprehensive market analysis. This powerful tool combines short-term momentum with medium and long-term trend perspectives, all based on the mathematical precision of Fibonacci sequence numbers.
## 🔧 Core Features
### 📊 Triple Fibonacci System
- **Fast Signal (5 periods)**: Ultra-responsive for scalping and quick entries
- **Medium Signal (14 periods)**: Balanced approach for swing trading
- **Slow Signal (34 periods)**: Long-term trend identification and confirmation
- **Fibonacci Harmony**: All periods based on authentic Fibonacci sequence
### 🎯 Multi-Timeframe Analysis
- **Convergence Signals**: When all three timeframes align
- **Divergence Detection**: Early warning of potential reversals
- **Momentum Layers**: Different speed signals for complete market picture
- **Trend Strength**: Measured through multiple Fibonacci perspectives
## 🎨 Customization Options
### 🎭 Visual Configuration
- **Individual Colors**: Separate color schemes for each timeframe
- **Line Styles**: Solid, Dashed, or Dotted options for clear differentiation
- **Line Thickness**: Adjustable width (1-5 pixels) for optimal visibility
- **Transparency Control**: Fine-tune opacity for overlapping signals
### ⚙️ Technical Parameters
- **Source Selection**: Configurable input (Close, Open, High, Low, HLC3)
- **Smoothing Options**: Additional filtering for cleaner signals
- **Alert System**: Notifications for convergence and crossover events
- **Display Toggle**: Enable/disable individual timeframe components
## 📈 Trading Applications
### 🎯 Signal Generation
- **Triple Confirmation**: Highest probability when all timeframes agree
- **Early Entry**: Fast signal (5) for quick market entries
- **Trend Confirmation**: Slow signal (34) validates overall direction
- **Exit Timing**: Medium signal (14) for optimal trade management
### 🔍 Market Analysis
- **Trend Identification**: Clear visualization of market direction
- **Momentum Shifts**: Early detection through Fibonacci relationships
- **Support/Resistance**: Dynamic levels based on Fibonacci calculations
- **Market Cycles**: Natural rhythm recognition through mathematical harmony
### ⚡ Trading Strategies
- **Scalping**: Ultra-fast 5-period signals for quick profits
- **Swing Trading**: 14-period balance for medium-term positions
- **Position Trading**: 34-period confirmation for long-term holds
- **Confluence Trading**: Maximum edge when all signals align
## 🚀 Key Benefits
✅ **Fibonacci Precision** - Mathematical accuracy of golden ratio sequences
✅ **Multi-Timeframe Edge** - Complete market perspective in one indicator
✅ **Natural Market Rhythm** - Fibonacci numbers reflect market psychology
✅ **Versatile Application** - Works across all markets and timeframes
✅ **High Probability Setups** - Triple confirmation reduces false signals
✅ **Professional Grade** - Institution-quality analysis tools
## 💡 Pro Trading Tips
- Wait for triple alignment for highest probability trades
- Use fast signal for entries, slow signal for trend bias
- Monitor divergences between timeframes for reversal opportunities
- Combine with support/resistance for confluence trading
- Scale position sizes based on timeframe agreement strength
## 🔢 Fibonacci Magic
The periods 5, 14, and 34 are not random - they represent consecutive Fibonacci numbers that naturally resonate with market movements and trader psychology, providing optimal market timing and trend analysis.
---
*Perfect for traders seeking mathematical precision combined with multi-timeframe market analysis.*
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.