OPEN-SOURCE SCRIPT
Custom Fibonacci Strategy
Custom Fibonacci Strategy:
This strategy relies on analyzing Fibonacci levels to identify entry points for trades. It works by identifying peaks and troughs over a specified time period (50 bars in this code). Here are the steps of the strategy:
Identifying Peaks and Troughs:
The highest peak and lowest trough over the last 50 bars are identified.
If the price exceeds the previous peak, it is considered a break of the peak.
If the price falls below the previous trough after breaking the peak, it is considered a break of the trough.
Calculating Fibonacci Levels:
The 50% level (midway point) between the identified peak and trough is calculated.
Buy Signals:
When a trough is broken, and the price trades at or below the 50% level, the risk-to-reward ratio is evaluated.
If the risk-to-reward ratio is greater than or equal to 2, a buy signal is generated.
Displaying Levels:
Horizontal lines are displayed on the chart to illustrate the peak, trough, and Fibonacci level.
Summary
This strategy provides a systematic approach to trading based on Fibonacci retracement levels and price action, allowing traders to make informed decisions about entry points and manage risk effectively.
This strategy relies on analyzing Fibonacci levels to identify entry points for trades. It works by identifying peaks and troughs over a specified time period (50 bars in this code). Here are the steps of the strategy:
Identifying Peaks and Troughs:
The highest peak and lowest trough over the last 50 bars are identified.
If the price exceeds the previous peak, it is considered a break of the peak.
If the price falls below the previous trough after breaking the peak, it is considered a break of the trough.
Calculating Fibonacci Levels:
The 50% level (midway point) between the identified peak and trough is calculated.
Buy Signals:
When a trough is broken, and the price trades at or below the 50% level, the risk-to-reward ratio is evaluated.
If the risk-to-reward ratio is greater than or equal to 2, a buy signal is generated.
Displaying Levels:
Horizontal lines are displayed on the chart to illustrate the peak, trough, and Fibonacci level.
Summary
This strategy provides a systematic approach to trading based on Fibonacci retracement levels and price action, allowing traders to make informed decisions about entry points and manage risk effectively.
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オープンソーススクリプト
TradingViewの精神に則り、この作者はスクリプトのソースコードを公開しているので、その内容を理解し検証することができます。作者に感謝です！無料でお使いいただけますが、このコードを投稿に再利用する際にはハウスルールに従うものとします。
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。