The-4xdev-company

Bollinger Bands Fibonacci Ratios Strategy

Hello, everyone!

We have just released an innovative strategy for TradingView. It allows you to identify price pivot points and volatility .


This strategy is:


Features

Thanks to the BB Fibo strategy, you can:

  • Trade stocks and commodities .

  • Identify price pivot points .

  • Choose any band for trading Long or Short positions.

  • Swap upper and lower bands applying Use Reverse Buy/Sell parameters.


Note! The upper bands are for the Long position. The lower bands are for the Short positions.


Parameters

We have equipped our strategy with more than 14 additional parameters. So, you can configure the EA according to your needs!

  • Inputs:

    Length

  • Source: Open, High, Low, Close, HL2 , HLC3, OHLC4

  • Offset

  • Fibonacci Ratio 1 — a Fibonacci factor for the 1st upper and lower indicator lines calculating.

  • Fibonacci Ratio 2 — a Fibonacci factor for the 2nd upper and lower indicator lines calculating.

  • Fibonacci Ratio 3 — a Fibonacci factor for the 3d upper and lower indicator lines calculating.

  • Use Reverse Buy — the strategy will use lower Bollinger bands instead of upper ones.

  • Fibonacci Buy — band selection for opening Long positions conditions.

  • Use Reverse Sell — the strategy will use upper Bollinger bands instead of lower ones.

  • Fibonacci Sell — band selection for opening Short positions conditions.
    Style:

  • Basis — baseline color and style settings.

  • Upper 3 — the 3d upper line color and style.

  • Upper 2 — the 2nd upper line color and style.

  • Upper 1 — the 1st upper line color and style.

  • Lower 1 — the 1st lower line color and style.

  • Lower 2 — the 2nd lower line color and style.

  • Lower 3 — the 3d upper line color and style.

  • Background — the background color within the 3d upper and 3d lower indicator band.

  • Precision — the number of decimals for BB Fibo values.


    Note! Try BB Fibo on your demo account first before going live.



Script open-source

Dans le véritable esprit de TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par le règlement. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.

Vous voulez utiliser ce script sur un graphique ?