SandroTurriate

Vegas Tunnel

674 1 88
This indicator adds and subtracts fib levels from the moving average. I suppose profits are meant to be taken at certain levels. Additionally, it may help in finding tops and bottoms. There's more info here: http://www.forexstrategiesresources.com/metatrader-trading-system-mt4/103-vegas-tunnel/

The fib levels should be changed depending on time frame:
short) 5, 8, 13, 21
intermediate) 34, 55, 89, 144
long) 55, 89, 144, 233
Remove from Favorite Scripts Add to Favorite Scripts
study("Vegas Tunnel", overlay=true)
length = input(21, minval=1)
fib1 = input(55)
fib2 = input(89)
fib3 = input(144)
fib4 = input(233)

avg = ema(close, length)

fp1 = syminfo.mintick*fib1
fp2 = syminfo.mintick*fib2
fp3 = syminfo.mintick*fib3
fp4 = syminfo.mintick*fib4
plot(avg, color=fuchsia, linewidth=2)

plot(avg + fp1)
plot(avg + fp2)
plot(avg + fp3)
plot(avg + fp4)

plot(avg - fp1)
plot(avg - fp2)
plot(avg - fp3)
plot(avg - fp4)
thank you for this script, this is the best what im founded! thank you thank you thank you!
+1 Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out