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Logarithmic Fibonacci RetraceThis script will allow you to use Logarithmic (instead of linear) Fibonacci retrace. Please see excellent write up here: www.elliottwavetrader.net explaining why logarithmic is preferred, especially over large price movement and long timeframes. All TradingView fib tools use linear math, and will show incorrect long-term levels because of this. HOW TO USE: * Enter your points for Wave 0 and 1. Example: 1810.10 and 2872.87 in the SPX chart shown. * Turn on "show lines" and "show labels". These are OFF by default because the chart will usually get warped if you display the lines before entering the actual values you want. * Change the "label offset" if the fib labels are too close or too far from the chart. Please be aware that this is considered an "INDICATOR" script and so will not save the values separately for each chart. You will need to enter new values each time you change to a different symbol.
Pine Script® indicator
by nj_guy72
1
Logarithmic Fibonacci ExtensionThis script will allow you to use Logarithmic (instead of linear) Fibonacci extensions. Please see excellent write up here: www.elliottwavetrader.net explaining why logarithmic is preferred, especially over large price movement and long timeframes. All TradingView fib tools use linear math, and will show incorrect long-term levels because of this. HOW TO USE: * Enter your points for Wave 0, 1, and 2. Example: 666.79, 1219.80, 1010.91 in the SPX chart shown. * Turn on "show lines" and "show labels". These are OFF by default because the chart will usually get warped if you display the lines before entering the actual values you want. * Change the "label offset" if the fib labels are too close or too far from the chart. * Select up to 2.000, 3.000, and 4.000 to display higher-power fibs. Please be aware that this is considered an "INDICATOR" script and so will not save the values separately for each chart. You will need to enter new values each time you change to a different symbol.
Pine Script® indicator
by nj_guy72
Fractals V9 ModifiedSo taking Ricardo Santos script for fractals V9 -I change the time function of the high TF fractal to non repainting one adding daily fib levels This hybrid seems to look nice . I have to admit that all credit to Ricardo Santos for his exelent script. thi work it hybrid work and not so much original work.... The main improvment is the signals which are not reapinting as we remove security from that. Security function exist for daily fib but it has nothing to do wih signal generation so i did not touch it
Pine Script® indicator
by RafaelZioni
11
RSX FracticalityA little project I was working on to avoid studying for finals. Using LazyBear's RSX code for a smoother RSI, then taking the RSX of fib number lengths. Take the average of that, then the JMA of that from the same fib numbers. The average of that is then treated as the trend, take the average of the trend values from the main time frames, the script calls pretty far back so adding a W or M TF I think would throw the calculations off. Then I smoothed that value using the jma's to create the overall trend. I got the idea from Ehler's Empirical Mode Decomposition about identifying peaks and valleys and creating an average of that to create a range. The idea is that if the trend is above the Average Peak then it is a bull trend, less than the average valley it's a bear trend, in between it's ranging. It looks like it turned out alright, I'll be working on this idea of fractals a lot this summer to see if I can improve it or build something better off of the idea.
Pine Script® indicator
by wpatte15
3
Fibonacci Commodity Stenth IndexFibonacci Commodity Strength Value tells us about the strength and weakness of bull or bear market. The main focus in this is too be done at reversal. It can also be used for identifying fake ups/downs. If all the 4 lines moves upward after a huge up spike, then notice the values of all 4 values. If red fib is smaller than green fib then it is a fake trend. If its more then its uptrend and same for bear movement. ;) It also represents cci (in terms of values) and rsi (in terms of waves). Enjoy !!!!!
Pine Script® indicator
by LensOfChartist
5
Automatic Daily Fibonacci v0.3 by JustUncleLThis update is a correction on the way the Fib Zero line is calculated. Previously it was just based on the source of the previous day, which is Ok as long as the Fiblength was set to 2. The new version calculates the Fib Zero from the average of the specified source over the Fiblength, so if Fiblength is now something other than 2 the Fibonacci Zero and other support and resistant levels should calculate correctly.
Pine Script® indicator
by JustUncleL
13
Everyday 0003 _ MAC Pullback I recently posted a Moving Averge Crossover strategy for my Everyday project - a project I've given myself where I try to create one strategy everyday in between 15 minutes and 2 hours. In the comments of my last published idea, user SignalTradersUK was very kind and suggested I try the following in my next study: "i think your next study should be, to workout what to do after the Moving Average cross! If you look just on the chart you have posted, Price would appear to always come back to the levels where the 2 MA's cross and then go back in the direction of the crossing of the MA's. It's a great pull back strategy." I'm really just beginning to learn about coding strategies so I'm not 100% sure I correctly understood his suggestion. I admit I had difficulties wrapping my head around how to do this. Anyway, the result is a strategy which runs alongside the main Moving Average Crossover. 'The Algorithm' When the fast and slow MA cross the strategy traces back 40 days to find a swing low. This swing low and the price at the MA cross is used to calculate a fib 1.272 extension. The price at this 1.272 extension is used to place a Pullback short order. Since we're shorting a bull trend, a tight stop is used. If the pullback reaches down to the fib 0.618 we take profit (close the short). Like I said, I don't know if I correctly understood SignalTradersUK feedback, but I really appreciate the feedback and advice! As always I'm hoping to learn from the community, so all feedback, corrections and advice is very welcome! Thanks! /pbergden
Pine Script® strategy
by pbergden
12
Indicators: 6 RSI variationsAs we all know, as published by Wilder, RSI makes use of "CLOSE" values. You probably have experimented changing the input to hl2 or hlc3 . I have included many other RSI variations in this chart. Refer to the developers section below to learn how you can use this code in your scripts. 1) RSI with Volume --------------------------------------------- Suggested by Morris, this idea adds volume to the RSI indicator. Because volume offers one means of determining whether money is entering or leaving a market, this would provide additional information with which to make trading decisions. 2) RSI using last Open --------------------------------------------- This is RSI with yesterday's open, This basically compares two full days of price action and in the process produces a smoother RSI line. RSI of today's close is used as a signal (blue line). 3) RSI using SMA --------------------------------------------- Wilder used his own MA for calculating RSI (check my post on Wilders MA here - -- This closely resembles EMA). One of Morris's suggestion is to try out SMA. Compared to normal RSI, you will see more squiggles here. 4) RSI using EMA --------------------------------------------- Same idea as above, but using EMA. 5) RSI with Fibs --------------------------------------------- How much does RSI retrace? This makes it easy to determine that :) 6) RSI of MACD --------------------------------------------- As I mentioned earlier, RSI is a pluggable formula. You can substitute "close" with any data series to derive an index out of it. This shows RSI of MACD. Note that this is range bound. More info on RSI variations: drive.google.com For Pinescript developers: --------------------------------------------- You can substitute your favorite indicator in the RSI function. I have made the RSI calculation a separate function in all the indicators above. Following are the reusable functions (simply copy to your script and call with proper arguments): * WiMA(src, length) * calc_rsi(fv, length): This is equivalent to stock rsi() in TV. * calc_rsi_volume(fv, length) * calc_rsi_sma(fv, length) * calc_rsi_ema(fv, length) * calc_rsi_lastopen(fv, length) * calc_macd(src, fast, slow) You can also pick up fibs drawing code and put in on any indicator.
Pine Script® indicator
by LazyBear
16
ORB with Golden Zone FIB targets, Any Timeframe by TenAMTraderDescription: This indicator is designed to help traders identify key price levels using Fibonacci extensions and retracements based on the Opening Range Breakout (ORB). The levels are visualized as “Golden Zones”, which can serve as potential targets for trades. Features: Customizable ORB Timeframe: By default, the ORB is set from 9:30 AM to 9:45 AM EST, but any timeframe can be configured in the settings to fit your trading style. Golden Zones as Targets: Fibonacci levels are intended to be used as potential profit-taking zones or areas to monitor for reversals, providing a structured framework for intraday and swing trading. Adjustable Chart Settings: Color-coded levels make it easy to interpret at a glance, and all lines can be customized for personal preference. Versatile Application: The indicator works across any timeframe, enabling traders to analyze both intraday and multi-day price action. How to Use: Ensure Regular Trading Hours (RTH) is enabled on your chart for accurate level calculation. Observe price action near Golden Zones: a confirmed breakout may indicate continuation, while a pullback could signal a reversal opportunity. Use the Golden Zones as reference targets for managing risk and planning exits. Adjust the ORB timeframe and display settings to match your preferred trading style. Legal Disclosure: This indicator is provided for educational purposes only and is not financial advice. Trading carries a substantial risk of loss. Users should always perform their own analysis and consult a licensed financial professional before making any trading decisions. Past performance is not indicative of future results.
Pine Script® indicator
by TenAM_Trader
Harmonic Patterns + Fib [CRT Trader]Overview The Harmonic Patterns Fibonacci indicator is an advanced technical analysis tool designed to automatically detect and visualize Fibonacci-based harmonic patterns on financial charts. This indicator helps traders identify high-probability reversal zones and potential entry/exit points based on precise mathematical relationships. Supported Patterns 5-Point Patterns (X-A-B-C-D Structure) Gartley Pattern: The most common harmonic pattern with reliable reversal signals AB/XA = 0.618, BC/AB = 0.618, CD/BC = 1.272, AD/XA = 0.786 Butterfly Pattern: Strong reversal pattern indicating potential trend changes AB/XA = 0.786, BC/AB = 0.618, CD/BC = 1.618, AD/XA = 1.270 Bat Pattern: Medium-term reversal pattern with high accuracy AB/XA = 0.382, BC/AB = 0.886, CD/BC = 1.618, AD/XA = 0.886 Crab Pattern: Aggressive reversal pattern with extended D point AB/XA = 0.618, BC/AB = 0.886, CD/BC = 2.240, AD/XA = 1.618 Shark Pattern: Trend continuation or reversal pattern AB/XA = 0.618, BC/AB = 1.130, CD/BC = 1.618, AD/XA = 0.886 4-Point Pattern (A-B-C-D Structure) ABCD Pattern: Basic harmonic structure forming the foundation of all patterns BC/AB = 0.382-0.886, CD/BC = 1.130-2.618 Key Features Fibonacci Validation Each pattern is validated against precise Fibonacci ratios with customizable tolerance Mathematical accuracy ensures reliable pattern recognition Eliminates false signals through strict ratio requirements Performance Optimization Pivot Detection: Automatically identifies significant highs and lows Scan Frequency Control: Adjustable scanning intervals to optimize performance Early Exit Algorithms: Efficient computation to reduce processing load Pattern Limit: Control maximum number of patterns displayed Visual Elements Pattern Lines: Clear visualization of pattern structure with colored lines Fill Areas: Highlighted zones between pattern legs Point Labels: X, A, B, C, D markers for easy identification Fibonacci Levels: Optional Fibonacci retracement/extension levels Bullish/Bearish Colors: Green for bullish, red for bearish patterns Customizable Settings Pattern Selection: Enable/disable specific pattern types Tolerance Adjustment: Fine-tune pattern recognition sensitivity (5-30%) Color Customization: Personalize visual appearance Information Table: Optional statistics display Trading Applications Entry Signals Reversal Zones: Identify high-probability reversal areas at pattern completion Confluence Trading: Combine with other technical indicators for confirmation Risk Management: Use pattern structure to define stop-loss levels Market Analysis Support/Resistance: Pattern points often act as future S/R levels Price Targets: Fibonacci extensions provide potential profit targets Market Structure: Understand underlying market geometry and rhythm Strategy Integration Swing Trading: Ideal for medium-term position entries Position Trading: Long-term trend reversal identification Day Trading: Intraday reversal patterns on lower timeframes How to Use Add to Chart: Apply the indicator to any timeframe and instrument Configure Settings: Adjust tolerance, colors, and pattern types as needed Wait for Completion: Patterns are valid only when D point is formed Confirm with Volume: Look for volume confirmation at pattern completion Set Stop Loss: Place stops beyond X point for 5-point patterns, or A point for ABCD Target Levels: Use Fibonacci extensions for profit targets Important Notes Pattern Completion: Wait for full pattern formation before taking action Market Context: Consider overall market trend and conditions Risk Management: Always use appropriate position sizing and stops Backtesting: Test the indicator on historical data before live trading Multiple Timeframes: Analyze patterns across different timeframes for confirmation Technical Requirements Lookback Period: Adjustable pivot detection sensitivity Depth Setting: Controls how far back the algorithm searches for patterns Memory Efficient: Optimized for real-time performance without lag This indicator is suitable for all experience levels, from beginners learning harmonic patterns to advanced traders seeking automated pattern recognition. The combination of mathematical precision and visual clarity makes it an essential tool for harmonic trading strategies.
Pine Script® indicator
by venusbtc
5
Script_Algo - Fibo Correction Strategy🔹 Core Concept The strategy is built on combining Fibonacci retracement levels, candlestick pattern confirmation, and trend filtering for trade selection. It performs well on the 1-hour timeframe across many cryptocurrency pairs. Particularly on LINKUSDT over the past year and a half, despite the not very optimal 1:1 risk/reward ratio. The logic is simple: after a strong impulse move, the price often retraces to key Fibonacci levels (specifically, the 61.8% level). If a confirming candlestick (pattern) appears at this moment, the strategy looks for an entry in the direction of the main trend. 🔹 Indicators Used in the Strategy ATR (Average True Range) — Used to calculate the stop-loss and take-profit levels. EMA (9 and 21) — Additional moving averages for assessing the direction of movement (not directly used in entry conditions, but the logic can be expanded to include them). SMA (Trend Filter, 20 by default) — The trend direction filter. Trades are only opened in its direction. Fibonacci Levels — The 61.8% retracement level is calculated based on the high and low of the previous candle. 🔹 Entry Conditions 🟢 Long (Buy): Previous Candle: Must be green (close higher than open). Must have a body not smaller than a specified minimum. The upper wick must not exceed 30% of the body size. → This filters out "weak" or "indecisive" candles. Current Candle: Price touches or breaches the Fibonacci 61.8% retracement level from the previous range. Closes above this level. Closes above the Trend Filter (SMA) line. A position is opened only if there are no other open trades at the moment. 🔴 Short (Sell): Previous Candle: Must be red (close lower than open). Must have a body not smaller than a specified minimum. The lower wick must not exceed 30% of the body size. Current Candle: Price touches or breaches the Fibonacci 61.8% retracement level from the previous range. Closes below this level. Closes below the Trend Filter (SMA) line. A trade is opened only if there are no other open positions. 🔹 Risk Management Stop-Loss = ATR × multiplier (default is 5). Take-Profit = ATR × the same multiplier. Thus, the default risk/reward ratio is 1:1, but it can be easily adjusted by changing the coefficient. Although, strangely enough, this ratio has shown the best results on some assets on the 1-hour timeframe. 🔹 Chart Visualization Fibonacci level for Long — Green line with circles. Fibonacci level for Short — Red line with circles. Trend Filter line (SMA) — Blue. 🔹 Strengths of the Strategy ✅ Utilizes a proven market pattern — retracement to the 61.8% level. ✅ Further filters entries using trend and candlestick patterns. ✅ Simple, transparent logic that is easy to expand (e.g., adding other Fib levels, an EMA filter, etc.). 🔹 Limitations ⚠️ Performs better in trending markets; can generate false signals during ranging (sideways) conditions. ⚠️ The fixed 1:1 risk/reward ratio is not always optimal and could be refined. ⚠️ Performance depends on the selected timeframe and ATR parameters. 📌 Summary: The strategy seeks corrective entries in the direction of the trend, confirmed by candlestick patterns. It is versatile and can be applied to forex pairs, cryptocurrencies, and stocks. ⚠️ Not financial advice. Pay close attention to risk management to avoid blowing your account. The strategy is not repainting — I have personally verified it through real testing — but it may not necessarily replicate the same results in the future, as the market is constantly changing. Test it, profit, and good luck to everyone!
Pine Script® strategy
by Script_Algo
2
Triple Pivot Fib Levels Multi-Timeframe# 📈 Triple Pivot Fibonacci Levels Multi-Timeframe ## 🎯 Description Advanced indicator that displays **three independent Fibonacci level sets** across different timeframes, enabling identification of **confluence zones** and key levels for multi-temporal trading strategies. ## ✨ Key Features - **🔵 Fibonacci 1**: Primary analysis (default: Daily) - **🟠 Fibonacci 2**: Intermediate analysis (default: 1H) - **🟢 Fibonacci 3**: Complementary analysis (default: 4H) ## 📊 Included Levels **Retracements**: 0%, 38.2%, 50%, 61.8%, 79%, 89%, 100% **Extensions**: 112%, 127%, 162% ## ⚙️ Features ✅ **Multi-timeframe**: Each Fibonacci uses pivots from different timeframes ✅ **Full customization**: Colors, line thickness, label positioning ✅ **Alert system**: Notifications when price touches levels ✅ **Invert Fibonacci**: For bullish or bearish trends ✅ **Countdown**: Timer for current candle close ✅ **Memory optimization**: Automatic deletion of previous elements ## 🎨 Customization Options - Colors and styles for each Fibonacci set - Label positioning (right/left/both) - Adjustable alert sensitivity - Configurable pivot timeframes ## 💡 Strategic Usage Perfect for identifying: - **Confluence zones** between different timeframes - **Multi-temporal support/resistance** levels - **Precise entry/exit points** - **Price targets** for take profits ## 🚀 Ideal For - Swing Trading - Multi-timeframe Day Trading - Advanced Technical Analysis - Fibonacci Confluence Strategies --- *Complete indicator for traders who want to harness the power of Fibonacci levels across multiple time dimensions.*
Pine Script® indicator
by alessia1973f
Auto-Pivot Levels with Alerts and 4 methods [ChartWhizzperer]🚀 Auto-Pivot Levels – Dynamic Edition Now with Live Mode, 4 Pivot Methods PineConnector-Ready Alerts! Free, Open Source, Pine Script v6-compliant. 🟢 NEW: Live Mode (Ultra-Dynamic, Repainting) – Switchable in UI! Instantly switch between Classic (session-based, repaint-free) and Live (rolling window, real-time, repainting) using the simple checkbox in the settings! Live Mode recalculates all pivots on every tick/bar, using the current high/low/close for the chosen session (daily, weekly, monthly). Perfect for: Scalping and high-frequency trading Real-time bot/automation setups (PineConnector-ready) Fast-moving or breakout markets Classic Mode: For traditional, stable levels based on confirmed session data – ideal for backtesting and trading history. 📊 Four Calculation Methods (Choose What Fits YOU): 1️⃣ Classic Standard pivot calculation. Based on previous session’s High, Low, Close. Simple, proven, and suitable for any asset. 2️⃣ Fibonacci Projects levels using Fibonacci ratios of the prior session’s range. Great for traders who want to align pivots with fib retracements and extensions. 3️⃣ Camarilla Uses unique multipliers for support/resistance, focusing on mean reversion and volatility. Popular among futures and forex day traders. 4️⃣ Woodie Puts extra weight on previous Close for more responsive pivots. Often used in trending or choppy conditions. Switch methods anytime in the UI – the script recalculates instantly and keeps your chart clean! 🔔 Level-Specific Alerts – PineConnector Ready! Dedicated alert for EVERY level and direction (Up/Down): Pivot (P), R1, R2, R3, S1, S2, S3 No configuration hassle: All alerts are pre-defined in the TradingView Alert Panel. Machine-readable message format: PIVOT=R1 DIR=UP SYMBOL={{ticker}} PRICE={{close}} Direct plug-and-play with PineConnector, webhooks, Discord, Telegram, bots, and other automation tools. Never miss a breakout, reversal, or key support/resistance touch. 🛠 Powerful Customization & Performance Session selection: Daily, Weekly, Monthly (choose what suits your trading style). Show/hide any level (Pivot, R1–R3, S1–S3) for minimal chart clutter. Color selection for each level to match your theme or highlight key pivots. Auto-cleanup: Old lines and labels are cleared on every recalculation or session change for maximum performance and visual clarity. Zero runtime errors: Strict Pine Script v6 practices for stability. 💡 How To Use – Quick Start Add the indicator to your TradingView chart. Pick your calculation method (Classic, Fibonacci, Camarilla, Woodie). Set session type (Daily, Weekly, Monthly). Switch between Classic and Live Mode with a single click in settings. Customize your levels (on/off, colors). Open the Alert Panel, select any pre-configured alert (e.g. "R2 Cross Down"), and go live! Connect with PineConnector or any webhook system instantly using the pre-formatted alert messages. 🤖 Who Is It For? Active scalpers & bot traders: Live Mode + PineConnector-ready alerts = instant, automated reactions. Swing and position traders: Use Classic Mode for stable, repaint-free levels. Strategy developers: Seamless integration into automated and manual trading workflows. 🏷 License & Community Open Source, Non-Commercial: Free for personal & educational use under CC BY-NC-SA 4.0. Feedback, bug reports & ideas: Drop a comment, or contact me for feature requests. Trade smart. Trade dynamic. Unlock the true power of pivots – with ChartWhizzperer !
Pine Script® indicator
by ChartWhizzperer
MJBFX-Strategy (Futures Optimized)The MJBFX-Strategy is a complete market mapping tool designed to give traders a clear view of liquidity, session dynamics, and premium/discount levels. It loads automatically on any chart, fully optimized for futures and forex trading. 🔑 Key Features Asian Session Range Highlights the previous Asian session with a shaded box Fixed until London open for precise reference VWAP from Asian Session Plots the VWAP of the previous Asian session Dynamic fair value benchmark for intraday trading Liquidity Sweeps (Optimized) Detects sweeps of the Asian session high/low Shown only on 30m, 1h, and 4h charts to reduce noise Clean, minimal labels for clarity Automatic Fibonacci Zone Draws a shaded retracement zone (38.2%–61.8%) of the Asian range Transparent fill makes it easy to read price action Killzones Highlights London (07:00–10:00) and New York (13:00–16:00) killzones Semi-opaque shading to keep charts clean Auto Trade Box (Risk/Reward) On sweep confirmation, plots a 2R target box Auto stop loss and take profit levels based on futures tick size 🎯 Why Use It? The MJBFX-Strategy removes the need for manual drawing.It automatically maps: Session highs and lows Liquidity sweeps VWAP and fib retracement zones Key killzones Perfect for session-based intraday trading in both futures and forex. ⚡ No manual settings required.Just load it onto your chart for an instant institutional view of the market.
Pine Script® indicator
by MJB-FX
Crypto DanR 1.4.2 PC-Roye Edition📜 Crypto DanR 1.4.2 — PC Roye Edition (Open Source) This indicator combines Smart Money Concepts (SMC), Liquidity Analysis, and Trend Filtering to provide traders with a high-quality tool for intraday and swing trading on assets like XRP/USDT. ✅ What This Script Does Crypto DanR 1.4.2 integrates the following advanced features: Break of Structure (BOS) & Change of Character (CHoCH): Detects key shifts in market structure Helps confirm trend direction and reversal points Fair Value Gaps (FVG): Displays unmitigated liquidity voids using a style inspired by LuxAlgo Highlights potential retracement zones where smart money may re-enter Equal Highs / Equal Lows (EQH/EQL): Marks liquidity zones that institutions often target before reversals Order Blocks (OB): Identifies potential institutional demand/supply zones Option to filter by wick, body, or mitigation logic Fibonacci Volatility Bands (based on BigBeluga’s logic): Detects potential price extremes using Fib extensions on volatility 10 Moving Averages in One (inspired by hiimannshu's script): Supports 10 custom MAs (SMA, EMA, RMA, HMA, VWMA, etc.) with adjustable source and timeframe Ideal for trend filtering or dynamic support/resistance Vector Candles (TradersReality / PVSRA): Color-coded candles showing real-time volume pressure and trend bias Visual Trade Plan: Optional overlay for entry, stop-loss, and take-profit planning Displays risk-to-reward ratio and potential % gain/loss live 🧠 How It Works The script uses a price-action-first approach, built around concepts from Smart Money Theory. CHoCH and BOS detect structural shifts, while FVGs and OBs help forecast likely reaction zones. The multiple moving averages act as a trend filter to avoid entering against momentum. This combination allows traders to: Enter on mitigations or breakouts Set stops outside liquidity zones Manage trades visually with dynamic risk/reward levels 📊 Best Use Cases 15m or 1h scalping (ideal) Swing trading on 4h Works well on crypto, FX, and indices 🙏 Credits TradersReality for PVSRA logic via public library LuxAlgo for FVG inspiration hiimannshu for 10-in-1 MA logic BigBeluga for Fibonacci Bands methodology All reused logic is significantly modified and part of a broader framework. 📌 Notes Script is open-source to promote transparency and collaboration Please do not copy-paste and republish without adding meaningful improvements Feedback and suggestions welcome!
Pine Script® indicator
by CryptoDanR