Fibo - Dhilip
Perfect for all markets. Intraday/Swing/Long
Multiple concepts handled in a single script.
1. Fibonacci Levels - All Fibonacci levels provided optionally. 0/50/100 made as default value.
2. Moving Average - Moving average levels given with default 20 which can be changed.
3. Open = High or Open = Low - To ensure trend.
4. CPR - Central pivot range indicator provided which is disabled by default.
- CPR Width > 0.5 - Sideways or Trading Range Day
- CPR Width > 0.75 - increases the likelihood of sideways trading behavior
- CPR Width < 0.5 - Trending type of da
- CPR Width < 0.25 - increases the likelihood of a trending market.
This indicator can be used in Daily, Weekly and Monthly time frame(min 1 HR for monthly).
Indicator acts as a very good leading indicator through which any script can be used to determine where the price is likely to move.
Enjoy the indicator and keep me posted. Thanks.
Multiple concepts handled in a single script.
1. Fibonacci Levels - All Fibonacci levels provided optionally. 0/50/100 made as default value.
2. Moving Average - Moving average levels given with default 20 which can be changed.
3. Open = High or Open = Low - To ensure trend.
4. CPR - Central pivot range indicator provided which is disabled by default.
- CPR Width > 0.5 - Sideways or Trading Range Day
- CPR Width > 0.75 - increases the likelihood of sideways trading behavior
- CPR Width < 0.5 - Trending type of da
- CPR Width < 0.25 - increases the likelihood of a trending market.
This indicator can be used in Daily, Weekly and Monthly time frame(min 1 HR for monthly).
Indicator acts as a very good leading indicator through which any script can be used to determine where the price is likely to move.
Enjoy the indicator and keep me posted. Thanks.
Notes de version:
Works like a charm in all scripts including equity, commodity and indices.
Updated with more fibo levels.
Added line style(dashed,solid & dotted) and extension(none,left,both).
Updated with more fibo levels.
Added line style(dashed,solid & dotted) and extension(none,left,both).
Notes de version:
Added more levels
Notes de version:
Exact levels are reached. One of the best ever leading indicator which helps us to plot our entry and exit.
It can be used in multiple time frames. Weekly and Monthly also works great.
Added Pivot line with S1 and S2 to increase the probability of trend direction.
Added few more levels to use it for SL.
It can be used in multiple time frames. Weekly and Monthly also works great.
Added Pivot line with S1 and S2 to increase the probability of trend direction.
Added few more levels to use it for SL.
Notes de version:
Updated few more levels.
Notes de version:
Added min bars back