Fibretracement — Indicators and Strategies

Adaptive Fibonacci Volatility Bands (AFVB) **Adaptive Fibonacci Volatility Bands (AFVB)** ### **Overview** The **Adaptive Fibonacci Volatility Bands (AFVB)** indicator enhances standard **Fibonacci retracement levels** by dynamically adjusting them based on market **volatility**. By incorporating **ATR (Average True Range) adjustments**, this indicator refines key **support and resistance zones**, helping traders identify **more reliable entry and exit points**. **Key Features:** - **ATR-based adaptive Fibonacci levels** that adjust to changing market volatility. - **Buy and Sell signals** based on price interactions with dynamic support/resistance. - **Toggleable confirmation filter** for refining trade signals. - **Customizable color schemes** and alerts. --- ## **How This Indicator Works** The **AFVB** operates in three main steps: ### **1️⃣ Detecting Key Fibonacci Levels** The script calculates **swing highs and swing lows** using a user-defined lookback period. From this, it derives **Fibonacci retracement levels**: - **0% (High)** - **23.6%** - **38.2%** - **50% (Mid-Level)** - **61.8%** - **78.6%** - **100% (Low)** ### **2️⃣ Adjusting for Market Volatility** Instead of using **fixed retracement levels**, this indicator incorporates an **ATR-based adjustment**: - **Resistance levels** shift **upward** based on ATR. - **Support levels** shift **downward** based on ATR. - This makes levels more **responsive** to price action. ### **3️⃣ Generating Buy & Sell Signals** AFVB provides **two types of signals** based on price interactions with key levels: ✔ **Buy Signal**: Occurs when price **dips below** a support level (78.6% or 100%) and **then closes back above it**. - **Optionally**, a confirmation buffer can be enabled to require price to close **above an additional threshold** (based on ATR). ✔ **Sell Signal**: Triggered when price **breaks above a resistance level** (0% or 23.6%) and **then closes below it**. 📌 **Important:** - The **buy threshold setting** allows traders to **fine-tune** entry conditions. - Turning this setting **off** generates **more frequent** buy signals. - Keeping it **on** reduces false signals but may result in **fewer trade opportunities**. --- ## **How to Use This Indicator in Trading** ### 🔹 **Entry Strategy (Buying)** 1️⃣ Look for **buy signals** at the **78.6% or 100% Fibonacci levels**. 2️⃣ Ensure price **closes above** the support level before entering a long trade. 3️⃣ **Enable or disable** the buy threshold filter depending on desired trade strictness. ### 🔹 **Exit Strategy (Selling)** 1️⃣ Watch for **sell signals** at the **0% or 23.6% Fibonacci levels**. 2️⃣ If price **breaks above resistance and then closes below**, consider exiting long positions. 3️⃣ Can be used **alone** or **combined with trend confirmation tools** (e.g., moving averages, RSI). ### 🔹 **Using the Toggleable Buy Threshold** - **ON**: Buy signal requires **extra confirmation** (reduces false signals but fewer trades). - **OFF**: Buy triggers as soon as price **closes back above support** (more signals, but may include weaker setups). --- ## **User Inputs** ### **🔧 Customization Options** - **ATR Length**: Defines the period for **ATR calculation**. - **Swing Lookback**: Determines how far back to find **swing highs and lows**. - **ATR Multiplier**: Adjusts the size of **volatility-based modifications**. - **Buy/Sell Threshold Factor**: Fine-tunes the **entry signal strictness**. - **Show Level Labels**: Enables/disables **Fibonacci level annotations**. - **Color Settings**: Customize **support/resistance colors**. ### **📢 Alerts** AFVB includes built-in **alert conditions** for: - **Buy Signals** ("AFVB BUY SIGNAL - Possible reversal at support") - **Sell Signals** ("AFVB SELL SIGNAL - Possible reversal at resistance") - **Any Signal Triggered** (Useful for automated alerts) --- ## **Who Is This Indicator For?** ✅ **Scalpers & Day Traders** – Helps identify **short-term reversals**. ✅ **Swing Traders** – Useful for **buying dips** and **selling rallies**. ✅ **Trend Traders** – Can be combined with **momentum indicators** for confirmation. **Best Timeframes:** ⏳ **15-minute, 1-hour, 4-hour, Daily charts** (works across multiple assets). --- ## **Limitations & Considerations** 🚨 **Important Notes**: - **No indicator guarantees profits**. Always **combine** it with **risk management strategies**. - Works best **in trending & mean-reverting markets**—may generate false signals in **choppy conditions**. - Performance may vary across **different assets & timeframes**. 📢 **Backtesting is recommended** before using it for live trading.

Candle Fibs [QuantVue]The Candles Fib indicator is designed to help traders find potential levels of support and resistance based on ATR and Fibs. How the Indicator Works Identification of Large Candles: 🔹The indicator begins by identifying "large candles" based on their size relative to the Average True Range (ATR). 🔹 ATR (Average True Range) : ATR is a technical analysis indicator that measures market volatility by averaging the true range over a specified period, default 10 periods. The true range is the greatest of the following: The difference between the current high and current low. The difference between the previous close and the current high. The difference between the previous close and the current low. 🔹In this script, a candle is considered "large" if its true range (the difference between the high and low) is at least twice the ATR. Calculation of Fibonacci Levels: 🔹Once a large candle is identified, the indicator calculates key Fibonacci retracement levels based on the size of the candle. 🔹 Fibonacci Retracement : Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. These levels are derived from the Fibonacci sequence, a series of numbers where each number is the sum of the two preceding ones, often found in nature and markets. 🔹The most commonly used Fibonacci retracement levels are 0.382, 0.50, 0.618, and 0.786. In this indicator, the 0.50 and 0.618 levels are used. Dynamic Plotting and Management of Levels: 🔹The indicator plots these Fibonacci levels as horizontal lines on the chart automatically. 🔹These lines extend as new bars (candlesticks) are formed, allowing the trader to see how the market reacts to these levels in real-time. Give this indicator a BOOST and COMMENT your thoughts below! We hope you enjoy. Cheers!

[KVA] Custom Sessions Custom Sessions: Multi-Timeframe Analysis & Key Level Insights Introduction: Introducing " Custom Sessions," an innovative Pine Script indicator meticulously crafted to empower traders by offering an advanced level of analysis on various global trading sessions. This tool is designed not just to highlight trading sessions but to delve deeper into the nuances of market movements by analyzing candlestick behavior within those sessions, offering a nuanced view of market trends, liquidity, and potential turning points. Core Features : Session Customization : Tailor trading sessions to align with your strategy, focusing on the markets that matter most to you. Whether it's London, New York, Tokyo, Sydney, or Frankfurt, you have the control. Enhanced Market Insight : Beyond session timing, gain a refined understanding of market dynamics through detailed candlestick analysis within each session, providing a granular view of price action. Comprehensive Analysis Tools : Alongside session analysis, the indicator includes features like VWAP (Volume Weighted Average Price) and Fibonacci retracement levels, offering a multifaceted approach to market analysis across chosen timeframes. VWAP : Gain insights into the market's trend and liquidity by viewing the Volume Weighted Average Price calculated for the custom timeframe. Fibonacci Retracement Levels : Easily identify potential reversal points with automatically plotted Fibonacci levels at 0.236, 0.382, 0.5, 0.618, and 0.782for each candle Real-Time Updates : As the market moves, so does " Custom Sessions," offering real-time insights that adapt to the unfolding market conditions. Utilization Guide : Configure Your Sessions : Begin by setting up the sessions that are most relevant to your trading approach, customizing their times as needed. Select the Desired Timeframe : Input your preferred higher timeframe to analyze data that is most relevant to your trading strategy. Dive into the Details : Use the detailed candlestick analysis within sessions to pinpoint potential entry and exit points, supported by VWAP and Fibonacci levels for deeper market insight. Customize Your View : Adjust the visual aspects of the indicator, including session color coding and which elements to display, tailoring the tool to your preferences. Acknowledgements : A special thanks to Aurocks_AIF for their foundational work on "Sessions on Chart" . This project has been an invaluable resource, inspiring the development of " Custom Sessions" and pushing the boundaries of traditional session analysis. Final Thoughts : " Custom Sessions" is more than just an indicator; it's a comprehensive analysis tool that brings a new depth to the understanding of market sessions. By offering detailed insights into the behavior of candles within these sessions, along with essential analysis features, this indicator is a must-have for traders seeking to enhance their technical analysis arsenal. Whether you're a day trader looking to capture short-term movements or a long-term investor seeking broader market insights, this indicator offers valuable data visualization to enhance your trading decisions. By integrating highs, lows, VWAP, and Fibonacci levels into your analysis, you gain a comprehensive view of market behavior across different timeframes and sessions

Session Fibonacci Levels [QuantVue]The "Session Fibonacci Levels" indicator is a powerful tool designed for traders who aim to use Fibonacci retracement and extension levels in their trading strategy. The indicator combines Fibonacci levels with customized trading sessions, allowing traders to observe and utilize Fibonacci levels that are automatically calculated for each defined session. This approach offers a dynamic and session-relevant perspective on potential support and resistance levels, which can be crucial for intraday trading strategies. 🔹The indicator calculates Fibonacci retracement and extension levels based on the high and low prices of a specified trading session, dynamically adjusting to the location of the high and low bar. If the low of the session occurs before the high, the fib levels are measured from low to high. If the low of the session occurs after the high, the fib levels are measured from high to low. 🔹Users can set their time zone and define trading sessions, allowing for flexibility and applicability across global markets. This is particularly beneficial for traders who focus on specific market hours like the London or New York sessions. Important sessions: New York (8:00am - 5:00pm EST) London (3:00am - 12:00pm EST) Asia (7:00pm - 4:00am EST) Custom session (user defined session in indicator settings) 🔹The indicator dynamically updates Fibonacci levels as new highs and lows are made within the session, keeping the analysis current. Additionally, it provides alerts when prices hit key Fibonacci levels, aiding in timely decision-making. How to Use: Configure the time zone and session time Once the session begins, the indicator will begin highlighting the session range When the session ends, Fibonacci levels based on the high and low of the session will be drawn Use these levels to identify potential support and resistance areas

Auto Fib Zones Auto Fib Zones is a extension of the ABC finder script that I released. It uses the pivot point system I developed in the ABC finder to identify major or significant trending moves in the market. It will then draw the fibzones for the trend line. The fib zone will auto update for as long as the trend line continues (size will keep increasing). The zones will continue to extend to the right along with price until it is tested. The start of the green teal zone is the 0.618 and fills to the 0.786 and the Blue zone is the 0.786 and fills to the trend start or 1 value of the fib. You can adjust the Bars Back variable to require more or less candles to create/ validate a new trend. In the screen shot about it is set to 50 bars however I've seen good results on higher timeframes like 4h + with 15 bars as the setting. This is basically ITC's Optimal Trade Entry concept at least that is what the original inspiration for modifying my base script was. As always hope it helps. God bless

[MAD] Fibonacci retracement This is just a Fibonacci Retracement tool with some interactive information based on the actual closing price How to use: add the script, input left bottom with the 1st click, input top with the 2nd click Informations you can see than: Fiblevel (Price) %till_this_point = pricedifference additional: Bottom of the fib Range Up in % + Price-Range Range Down in % you can shift the comma with the decimal functions for trading shitcoins as example if looking into the past, level/price will follow, liveinfo using the close is than hidden what will follow: reverse log/linear autogrow when range will be wicked maybe alerts on levels... have to think about how to capture correctly

Auto Fibonacci Levels + Auto Trend Line generator Another indicator for you guys!!! This indicator consists of the 5 key Fibonacci retracement levels, plotted automatically to user input settings. I also have included an auto support/resistance trend line generator. What is a Fibonacci retracement? 'Fibonacci retracement is a method of technical analysis for determining support and resistance levels. It is named after the Fibonacci sequence of numbers, whose ratios provide price levels to which markets tend to retrace a portion of a move before a trend continues in the original direction.' - Wikipedia How to use the Fibonacci retracement? - The Fibonacci levels are default. These percentiles from price to the average of the high in a sample and low in a sample give you a guideline of where a bottom may be, where a top may be, and where a range is being created. - Look for the price to reject from 61.8% and 76.4%, and also look for price to bounce from 38.2% and 23.6%. If a lower low/higher high is made, the fib levels will follow and the percentiles within will be recalculated after a 5 candle offset period. - If you see price trending towards the lower percentiles (38&23) and using the 50% as resistance, look for a break downwards and vice versa. -This Fibonacci set as all others is subject to fake-out, always use this with another series indicator, or don't use it as a signal for entry at all (unless you have a backdated strategy) How to use the trend line generator? -The trend line generator will only plot when a lower low/higher high has taken place within the input amount of candles. It is also offset by a user amount. -The check box will give the option to have the trend line's plot or not. - If you see a green/red dot it means that that will be your first coordinate for the trend line, and until the computations are complete it will give you an idea of which direction it will be in (resistance or support) -When opening this indicator zoom out all the way to connect any trend lines that do not load automatically. Let me know if you have any questions, suggestions or issues! Thank you everyone! -Cheatcode1 :) SP:SPX TVC:DXY BMFBOVESPA:EUR1! CME:BTC1! BINANCE:BTCUSDT

Auto Fib Golden Pocket Band - Autofib Moving Average plots the fib retracement Golden pocket moving average band on two different pivots

Simple Fibonacci Retracement Simple Fibonacci Retracement is a free and easy to use script to plot Fibonacci levels, for any assets like Stocks, Forex, Commodities , Cryptocurrencies etc. on any time frame chart. Fibonacci Levels can be plotted using Lookback or manual Price input from the settings. 1. Lookback type - Candles Determines the High and Low price of the user input number of Candles back (100 default) and plots Fibonacci Levels based on the calculated High and Low for the number of candles in the past from the current candle. The levels stay intact on any time frame as long as no new Highs or Lows are formed. 2. Lookback type - Days Determines the High and Low price of the user input number of Days back (100 default) and plots Fibonacci Levels based on the calculated High and Low for the number of days in the past from the day of the current bar. The levels stay intact on any time frame as long as no new Highs or Lows are formed. 3. Manual Price Input Plots Fibonacci Levels based on the user specified High and Low Price in the settings input fields. The levels stay intact on any time frame irrespective of new Highs or Lows being formed. Manual Price Input will enable the trader to keep the Levels intact and visually see the higher Fibonacci Retracement levels, when the price crosses beyond 100% retracement. On the other two lookback types, the Fibonacci levels are displayed only upto 100% retracement. The Fibonacci levels can also be reversed by enabling 'Reverse' option from the settings.

™TradeChartist Fib Extensions ™TradeChartist Fib Extensions is a free to use script that helps traders plot Fibonacci Extensions on chart. Even though Trading View has a Fib extensions tool, some traders may prefer a plotting script like this with Fib plot lines extending across the whole of the chart to track historic prices in relation to Fib extensions drawn. ----To draw Fib extensions for uptrend , 1. Choose a Pivot Low point (LL or a HL) as Pivot 1 2. Choose a Pivot High point (must be higher than Pivot 1) as Pivot 2 3. Choose a Pivot Low point (must be lower than Pivot 2, must be Higher than Pivot 1) ----To draw Fib extensions for downtrend, 1. Choose a Pivot High point (HH or a LH) as Pivot 1 2. Choose a Pivot Low point (must be lower than Pivot 1) as Pivot 2 3. Choose a Pivot High point (must be higher than Pivot 2 and lower than Pivot 1) Negative extensions of -23.6% and -61.8% fib plots may be useful for some to spot reversals or to set stop losses. Higher levels can be used if price goes beyond 161.8% This is a free to use indicator. Give a thumbs up or leave a comment if you like the script Check my 'Scripts' page to see other published scripts. Get in touch with me if you would like access to my invite-only scripts for a trial before deciding on a paid access for a period of your choice. Half-Yearly, Annual and Lifetime access available on invite-only scripts along with 1hr Team Viewer intro session.