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MTF VWAP + Fibo Incremental deviations

I made a Fibo variant of my first script "VWAPs + devs" :

This new indicator give you the possibility to plot multi timeframes VWAP (D, W, M, 3M and 12M ) and Fibo deviations for each one.

VWAP is a powerfull indicator which is used by big players to get informations if the price is "overbought" or "oversold". Deviations give the opportunity to have supports and resistances in those "over"-zones.

I searched for better results and found those defaults values :
  • Fib 1 level : 0.618
  • Fib 2 level : 0.786
  • Fib 3 level : 1.000
  • Fib 4 level : 1.618
  • Fib 5 level : 2.618

In the thumbnail, we can see that the 1.618 deviation level made a great support on the last uptrend for BTCUSDT .

You can change each values but low ones as 0.382 and 0.5 don't give really interesting supports/resistances.

I made this script as clear and simple as possible with only one menu in the parameters.

Some examples of what you can do :

BTCUSDT (Binance) H4 / D, W, M, 3M ,12M VWAP without devs

BTCUSDT (Binance) M5 / Daily VWAP + Fibo devs

Hope this will be useful for you !
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.

Vous voulez utiliser ce script sur un graphique ?