Gradient Filter with Fibonacci-AYNET

6小时前

Explanation of the Combined Features:
Dynamic Gradient Filter:

This section remains as in the previous example, calculating a smoothed filter (filt) with dynamic gradient coloring.
The color of the filter line transitions from red to green based on its RSI value.
Fibonacci Levels:

Calculates key Fibonacci retracement levels (0.0, 0.236, 0.382, 0.5, 0.618, and 1.0) over a user-defined lookback period (fib_length).
Uses the highest high and lowest low in the lookback period to determine the range.
Plotting Fibonacci Levels:

Each Fibonacci level is drawn as a horizontal line.
The lines extend back by the lookback period and are styled with dotted lines for clarity.
Features:
Customizable Inputs:

Users can enable or disable Fibonacci levels (show_fib_levels).
Adjust the color (fib_color) and width (fib_width) of Fibonacci lines.
Integrated Dynamic Filter:

Combines the filtered line with Fibonacci retracement levels to provide multi-dimensional insights.
Use Case:
Dynamic Filter:
Observe how the filtered line behaves near Fibonacci levels for potential trend continuations or reversals.
Fibonacci Levels:
Use retracement levels as key support/resistance zones to make trading decisions.
This combined script is now more functional, blending the dynamic gradient filter with Fibonacci retracement levels. Test this script in different market conditions, and let me know if additional features are required! 😊