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
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Fibonacci Structure & Trend Channel (Expo)█ Overview
The Fibonacci Structure & Trend Channel (Expo) is designed to identify trend direction and potential reversal levels and offer insights into price structure based on Fibonacci ratios. The algorithm plots a Fibonacci channel, making it easier for traders to identify potential retracement points. Additionally, the Fibonacci market structure is plotted to enhance traders' understanding of the underlying order flow.
█ How to Use
Identify Trends
Use the plotted Fibonacci Trend Line to identify the direction of the market trend. A green line typically signifies a bullish trend, while a red line signifies a bearish trend.
Retracement Levels
The plotted Fibonacci levels can act as potential support or resistance levels. Look for price action signs at these levels for entry or exit points.
Channel Trading
If you enable the Fibonacci channel, the upper and lower bounds can act as overbought or oversold levels.
Market Structure
The plotted Fibonacci market structure serves as a valuable tool for dissecting the underlying order flow and gauging the strength or weakness of a trend. By analyzing these structures, traders can identify key levels where supply and demand intersect, which often act as pivotal points for trend reversals or accelerations. This visual representation simplifies complex market dynamics. Whether you're looking to catch a new trend early or seeking confirmation for a potential reversal, understanding the market structure plotted by the Fibonacci ratios can provide actionable insights for various trading strategies.
Use the Table
The information table can provide quick insights into the current trend and when it started.
█ Settings
The Fibonacci settings allow traders to specify the Fibonacci retracement levels that will be used to calculate the trend and its channel.
The Fibonacci Structure Trend Channel structure settings enable traders to fine-tune how the indicator identifies and plots the underlying price structure.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Automatic Fibonacci Retracement + Golden Ratio | by Octopu$👑 Automatic Fibonacci Retracement on Specific Timeframes + Golden Ratio | by Octopu$
Fibonacci Retracement is a method of technical analysis for determining support and resistance levels.
It is named after the famous Fibonacci sequence of numbers: 23.6%, 38.2%, 61.8%, and 78.6%
These ratios provide price levels to which markets tend to retrace a portion of a move.
Also used as a potential spot before a trend continues (or reverses) original direction.
While not officially a Fibonacci ratio, 50% is also used.
Fibonacci Levels can be drawn between any two significant price points or time frames.
(Such as a High and a Low or also on Daily and Weekly charts)
The indicator will then Automatically create the levels between those selected points.
Golden ratio, also known as the divine proportion, in mathematics, is the irrational number:
(1 + Square root of√5)/2, often denoted by the Greek letter ϕ or τ
Which is approximately equal to 1.618.
(Two quantities are in the golden ratio if their ratio is the same as the ratio of their sum to the larger of the two quantities.)
That's The Magic of the Fibonaccis, as well the Golden Ratio itself.
And this is exactly where this Indicator by Octopu$ kicks in:
This indicator Automatically sets all the Fibonacci Levels within the Retracement selected.
On top of that, it Highlights the Golden Ratio for the Fibonacci Levels drawn.
Additionally, it sets the Golden Ratio as possible Support or Resistance level,
Doing so by having visual identification to the Up or Down side.
This changes the game! Along with Price Action, Trend Direction, Chart Analysis and other Indicators as well.
(The combination relies on your own knowledge about Confluence Factors along with your Due Diligence)
www.tradingview.com
SPY
ANY Ticker. ANY Timeframe.
(SPY 5m as an example only)
Features:
• Multiple Timeframes
• Automatic Lines
• Fibonacci Setup
• Golden Ratio
• S/R Highlight
Options:
• Timeframe Selection
• Fibonacci Rates
• Line Customization
• Color Pickers
• Toggle On/Off
Notes:
v1.0
Indicator release.
Changes and updates can come in the future for additional functionalities or per requests. Follow and Stay Tuned!
Did you like it? Please Support and Shoot me a message! I'd appreciate if you dropped by to say thanks! Thank you.
- Octopu$
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Auto Fib Retracement AlertsFor the fibonacci traders.
The Auto Fib Retracement Is a good indicator for tradingview to show you the current alerts and points to watch in the market
IMPORTANT SETTING => Retracement
This controls your alert levels
I have modified it to deliver the following
+Custom Fib retracement level alerts
+Drawing of old levels and retracement levels
+Backtesting Old Alerts
There are two shapes drawn on the chart;
Shown When the fib end is attained and market retraces back to your level
1. Buy retracement -
2. Sell retracement
How are they detected?
When we have new levels in the market; this is when the red or gree line changes, we calculate the new fib level that we will be watching for retracement
This is the purple level drawn on the chart
When the market first crosses below or above this level, The alert will be fired.
Consequent crosses are not updated
Enjoy! 😍
Originally requested by trade atechproduction
Periodic Auto Fibonacci by Atilla YurtsevenPeriodic Auto Fibonacci indicator automatically draws Fibonacci retracement ratios on the chart for the selected period. For example, if you select the weekly period, indicator will plot past and live retracement ratios on the chart. You can even shift periods. For example, if you shift by 1, last weeks retracement ratios will be plotted for the live session.
You can use this indicator with any supported time frames.
Periodic Auto Fibonacci helps you to identify fibonacci confluences as well.
Important: As current session of the selected period continues, most recent session will be repainted as low and high of the selected period changes. (For the live market)
Disclaimer: This is not financial advice.
Trade safe,
Atilla
(JS) Fibonacci Moving Averages RibbonI am a big fan of Fibonacci EMAs, however I added the ability to look at multiple moving average types.
Having the Fibonacci Moving Averages grouped together like this will make them much easier to manage with the object tree as well.
Something I plan on using myself to remove clutter on my charts! Hope you like it!
