ZigZag Multi Time Frame with Fibonacci Retracement

Hello Traders,

This is ZigZag Multi Time Frame with Fibonacci Retracement script. It calculates the ZigZag using Higher Time Frame, draw Fibonacci Retracement lines and put labels accordingly. I already published Zigzag with Fibonacci Levels script but this one is Multi Time Frame and I didn't want to change/update it.

You can set ZigZag Period and Resolution as you wish. Zigzag is calculated using higher time frames (ex: 1day) so you better choose small numbers as Zigzag Period, such 2, 3 etc. you should choose higher time frame wisely, meaning that you should not set 1Day while chart resolution is 1min ;)

It draws Fibonacci levels between 0%-100% and If the price goes higher/lower than 100% level than the script draws Fibonacci Levels accordingly. This means it draws Fibonacci levels until this levels get higher/lower than the price.

"Show Zig Zag" is not enabled by default, you can enable it if you want to see ZigZag as well.

You have options to set Text Color, Line Color, Zigzag Up Color and Zigzag Down Color.

You can set the location of the Fibonnaci Levels -> Left or Right

You also have option to enable/disable following Fibonnaci Levels:
---> 0.236
---> 0.382
---> 0.500
---> 0.618
---> 0.786

I added "Colorful Fibonacci Levels" for fun. if you enable it then Fibonacci line colors will be different randomly on each move, see it for yourself :)

Some Screenshots:

if you enable "Show Zigzag Option":

how the script adjust levels automatically:

if you set Label Location as "Right":

if you enable "Colorful Fibonacci Levels" then Line colors will be changed on each move randomly ;)



本着真正的TradingView精神,该脚本的作者将其开源发布,因此交易者可以理解和验证它。为作者加油! 您可以免费使用它,但是在发布中重复使用此代码受网站规则的约束。您可以收藏它以在图表上使用。

If you find my works useful, please consider a donation
BTC: 19qDW9AShZhBZsGuXcgRzam5Fbpc3EU8EV
ETH: 0x39c8552371b9b7f4e324197af460ba8bc8e18ef9


since you exposed my best indicators, i will share with you my 14yrs strategy using fibo zigzag. maybe you will be able to convert it to pine. Great work. it would be great to see what u can do with Gann on zigzag . nice one
+6 回复
@mecmen, I will like to know also.
@mecmen, Can you shar the strategy with me too?
thanks for sharing, i enjoy your zigzag series very much :D
+3 回复
LonesomeTheBlue blackcat1402
@blackcat1402, you are welcome ;)
Hello, Thanks for the script it gives a warning at processing time

"Processing script...
line 64: The function 'change' should be called on each calculation for consistency. It is recommended to extract the call from this scope.
line 67: The function 'change' should be called on each calculation for consistency. It is recommended to extract the call from this scope.
+3 回复
@Mirzya, it's not important
+2 回复
Mirzya LonesomeTheBlue
+2 回复
can i use it in 5min
+2 回复
@naba_naif, yes sure
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 关于 图表功能 价格 推荐朋友 网站规则 帮助中心 网站 & 经纪商解决方案 插件 图表解决方案 轻量图表库 博客 & 新闻 Twitter
概览 个人资料设置 账户和账单 推荐朋友 代币 我的客服工单 帮助中心 私人消息 在线聊天 退出