OPEN-SOURCE SCRIPT
Average Daily Range Fibonacci Levels
Mis à jour
The Average Daily Range is a simple concept, calculated as the difference between daily highs and lows averaged over some period. This indicator uses that range in conjunction with Fibonacci ratios to create zones centered on the day's open that tends to act as areas of support and resistance.
The thicker White lines are the ADR levels; all other lines are the same value adjusted by the various Fibonacci values.
A simpler version of this concept can be seen in my other script, Average Daily Range Zones, which does not include the Fibonacci ratio zones.
Thanks to hank Hill for the original idea and TV for the feedback and support on the use of the security() function.
Also thanks to goldencross for the Fibonacci obsession.
The thicker White lines are the ADR levels; all other lines are the same value adjusted by the various Fibonacci values.
A simpler version of this concept can be seen in my other script, Average Daily Range Zones, which does not include the Fibonacci ratio zones.
Thanks to hank Hill for the original idea and TV for the feedback and support on the use of the security() function.
Also thanks to goldencross for the Fibonacci obsession.
Notes de version
1. Added a toggle for showing the zone fills only.2. Added a toggle for price lines for the current day's fib levels.
Notes de version
Added the ability to adjust the timeframe used for the average range calculation.Notes de version
Added some more options for visibility settings.Notes de version
Added a "dynamic mode" for fibs outside of the ADR range; when toggled, the script will automatically turn on or off those higher or lower fibs levels based on the high or low of day's proximity to them.Notes de version
Added alerts for price crossing fib levels, and a toggle for hiding historical ADR and fibs (plot only for today).Notes de version
Added toggles for each fib level's line drawing to make the more congested zones between open and ADR a little less busy.Notes de version
Updated to PineScript v5Notes de version
- Added a toggle for disabling plots completely on non-intraday charts.
- Added titles to plots for the Style menu.
Notes de version
- Fixed the lines/fill between days to get rid of unnecessary clutter.
Notes de version
- Added a "Fibonacci Scale" input option for scaling the size of the Fibonacci zones.
Notes de version
- Added an input option for changing the color of the plot of the opening price.
- Added an experimental feature that allows the fib levels to be calculated with Standard Deviation or Variance of price instead of the Average. "Basic" is the standard ADR mode.
Script open-source
Dans le plus pur esprit 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 nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
Thanks for using my indicators; I hope they make you money! Check out the website link for more, and thanks for your support!
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