OPEN-SOURCE SCRIPT
SRG Fibs Smoothed
PLEASE READ: HOW TO UNDERSTAND HOW THIS INDICATOR WORKS FOR ME!
Why did I code this?
I never know where is the best place to buy
Sometimes I get greedy and just don't want to sell...
I want to protect myself from losses and still be able to make some trades
What does this do?
This script plots Fibonacci levels dynamically according to a specified length
It also has a smooting value so it looks a bit more clean (and allows for dynamic trailing stop loss)
Internal Fib levels allow to plot fibonacci levels between each main level (scalpers and day traders should be happy with this)
Fib Projection toggle so we can have "the same behaviour" during aggressive Bull Runs.
How to test this thing?
BTC USD Daily chart
For starters, use the following settings:
- Length: 365 (lookback of a full year)
- Smooth: 56 (8 week period)
- Inter Fib levels: OFF
- Fib projection: OFF
Have a look into the chart and check some support/resistance zones. Also check the behaviour of the indicator during the 2021 Jan -> Mar bull run (we will need it later)
If you like to check different time frames. Use these settings:
- Indicator Timeframe: 4 hours
- Length: 2190 (1 year)
- Smooth: 336 (8 weeks)
- Inter Fib Levels: ON
- Fib Projection: OFF
You can now test the chart using the 2H timeframe to see the movement, and how the Internal Fib levels work
Now as we're getting bullish:
- Indicator Timeframe: 4 hours
- Length: 2190 (1 year)
- Smooth: 336 (8 weeks)
- Inter Fib Levels: OFF
- Fib Projection: ON
You can now check the behaviour of the indicator during the 2021 Jan - Mar Bullrun in the 2H or 4H chart, to see some stop loss magic.
Why did I code this?
I never know where is the best place to buy
Sometimes I get greedy and just don't want to sell...
I want to protect myself from losses and still be able to make some trades
What does this do?
This script plots Fibonacci levels dynamically according to a specified length
It also has a smooting value so it looks a bit more clean (and allows for dynamic trailing stop loss)
Internal Fib levels allow to plot fibonacci levels between each main level (scalpers and day traders should be happy with this)
Fib Projection toggle so we can have "the same behaviour" during aggressive Bull Runs.
How to test this thing?
BTC USD Daily chart
For starters, use the following settings:
- Length: 365 (lookback of a full year)
- Smooth: 56 (8 week period)
- Inter Fib levels: OFF
- Fib projection: OFF
Have a look into the chart and check some support/resistance zones. Also check the behaviour of the indicator during the 2021 Jan -> Mar bull run (we will need it later)
If you like to check different time frames. Use these settings:
- Indicator Timeframe: 4 hours
- Length: 2190 (1 year)
- Smooth: 336 (8 weeks)
- Inter Fib Levels: ON
- Fib Projection: OFF
You can now test the chart using the 2H timeframe to see the movement, and how the Internal Fib levels work
Now as we're getting bullish:
- Indicator Timeframe: 4 hours
- Length: 2190 (1 year)
- Smooth: 336 (8 weeks)
- Inter Fib Levels: OFF
- Fib Projection: ON
You can now check the behaviour of the indicator during the 2021 Jan - Mar Bullrun in the 2H or 4H chart, to see some stop loss magic.
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。