Fibonacci Pivot Zones make use of the average price between the high, low & close of the previous session, while adding deviations based on Fibonacci numbers to form support and resistance zones, which can be used as targets for intraday and swing trading.
You can select the timeframe for the zones, for example 12 hour pivots to trade in 15m timeframe, or even monthly pivots to trade on the daily timeframe.
You can choose the different fibonacci levels on the menu, by default these are:
0.382 0.618 0.782 1
Enjoy!
Release Notes
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Update : Fixed 3rd Level from 0.782 to 0.786
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Second Update: Added a 3rd level of support and resistance using the zone between 1.382 and 1.618.
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Changed default width & added the option to show as zones or lines only with one click.
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-Now you can choose to show only the last set of pivot zones. -Can now change linestyle. -Negative levels wont show anymore.
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Fixed minor bug in the pivot line code.
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Updated to Pine V5 Better organized settings menu with color selection and more customization Changed fill to gradient for more aesthetic look
It would be nice if you could use it from previous days too. A little history of at least 10 days would help a lot. The indicator is excellent! That's all it takes for him to be perfect.
Seria bom se tivesse como usar de dias anteriores também. Um pequeno histórico de pelo menos 10 dias já ajudaria muito. O indicador é excelente! Só falta isso para ele ser perfeito.
EleganteTrader
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Excellent, very good work..
franncarp19
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Muy muy bueno! le estuve haciendo backtesting y funciona increíblemente bien. Cómo única implementación estaría bueno poder cambiar la cantidad de veces que se repiten los pivotes, como por ejemplo solo los últimos 3. Asi el gráfico no tiene que cargar todos los datos históricos y se hace mas liviano. Muchas gracias por el aporte!
matistemphelet
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@franncarp19, fran buenas! Instale el fivopibot zones. Pero haciendo trading en 4hs o en diario que que highertf le pones?
alvarez939
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@franncarp19, como andas crack? veo que sos argentino porque sos de river como yo jaja, me podrias explicar como funciona?
kjs1
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Love this work. Thanks. Any chance that you add an option to only display the current levels and not historical levels? Many thanks!