SandroTurriate

Vegas Tunnel

811 1 113
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
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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