Fibonacci Bands [BigBeluga]The Fibonacci Band indicator is a powerful tool for identifying potential support, resistance, and mean reversion zones based on Fibonacci ratios. It overlays three sets of Fibonacci ratio bands (38.2%, 61.8%, and 100%) around a central trend line, dynamically adapting to price movements. This structure enables traders to track trends, visualize potential liquidity sweep areas, and spot reversal points for strategic entries and exits.
🔵 KEY FEATURES & USAGE
Fibonacci Bands for Support & Resistance:
The Fibonacci Band indicator applies three key Fibonacci ratios (38.2%, 61.8%, and 100%) to construct dynamic bands around a smoothed price. These levels often act as critical support and resistance areas, marked with labels displaying the percentage and corresponding price. The 100% band level is especially crucial, signaling potential liquidity sweep zones and reversal points.
Mean Reversion Signals at 100% Bands:
When price moves above or below the 100% band, the indicator generates mean reversion signals.
Trend Detection with Midline:
The central line acts as a trend-following tool: when solid, it indicates an uptrend, while a dashed line signals a downtrend. This adaptive midline helps traders assess the prevailing market direction while keeping the chart clean and intuitive.
Extended Price Projections:
All Fibonacci bands extend to future bars (default 30) to project potential price levels, providing a forward-looking perspective on where price may encounter support or resistance. This feature helps traders anticipate market structure in advance and set targets accordingly.
Liquidity Sweep:
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-Liquidity Sweep at Previous Lows:
The price action moves below a previous low, capturing sell-side liquidity (stop-losses from long positions or entries for breakout traders).
The wick suggests that the price quickly reversed, leaving a failed breakout below support.
This is a classic liquidity grab, often indicating a bullish reversal .
-Liquidity Sweep at Previous Highs:
The price spikes above a prior high, sweeping buy-side liquidity (stop-losses from short positions or breakout entries).
The wick signifies rejection, suggesting a failed breakout above resistance.
This is a bearish liquidity sweep , often followed by a mean reversion or a downward move.
Display Customization:
To declutter the chart, traders can choose to hide Fibonacci levels and only display overbought/oversold zones along with the trend-following midline and mean reversion signals. This option enables a clearer focus on key reversal areas without additional distractions.
🔵 CUSTOMIZATION
Period Length: Adjust the length of the smoothed moving average for more reactive or smoother bands.
Channel Width: Customize the width of the Fibonacci channel.
Fibonacci Ratios: Customize the Fibonacci ratios to reflect personal preference or unique market behaviors.
Future Projection Extension: Set the number of bars to extend Fibonacci bands, allowing flexibility in projecting price levels.
Hide Fibonacci Levels: Toggle the visibility of Fibonacci levels for a cleaner chart focused on overbought/oversold regions and midline trend signals.
Liquidity Sweep: Toggle the visibility of Liquidity Sweep points
The Fibonacci Band indicator provides traders with an advanced framework for analyzing market structure, liquidity sweeps, and trend reversals. By integrating Fibonacci-based levels with trend detection and mean reversion signals, this tool offers a robust approach to navigating dynamic price action and finding high-probability trading opportunities.
Fibonaccichannels
Fibonacci Structure & Trend Channel (Expo)█ Overview
The Fibonacci Structure & Trend Channel (Expo) is designed to identify trend direction and potential reversal levels and offer insights into price structure based on Fibonacci ratios. The algorithm plots a Fibonacci channel, making it easier for traders to identify potential retracement points. Additionally, the Fibonacci market structure is plotted to enhance traders' understanding of the underlying order flow.
█ How to Use
Identify Trends
Use the plotted Fibonacci Trend Line to identify the direction of the market trend. A green line typically signifies a bullish trend, while a red line signifies a bearish trend.
Retracement Levels
The plotted Fibonacci levels can act as potential support or resistance levels. Look for price action signs at these levels for entry or exit points.
Channel Trading
If you enable the Fibonacci channel, the upper and lower bounds can act as overbought or oversold levels.
Market Structure
The plotted Fibonacci market structure serves as a valuable tool for dissecting the underlying order flow and gauging the strength or weakness of a trend. By analyzing these structures, traders can identify key levels where supply and demand intersect, which often act as pivotal points for trend reversals or accelerations. This visual representation simplifies complex market dynamics. Whether you're looking to catch a new trend early or seeking confirmation for a potential reversal, understanding the market structure plotted by the Fibonacci ratios can provide actionable insights for various trading strategies.
Use the Table
The information table can provide quick insights into the current trend and when it started.
█ Settings
The Fibonacci settings allow traders to specify the Fibonacci retracement levels that will be used to calculate the trend and its channel.
The Fibonacci Structure Trend Channel structure settings enable traders to fine-tune how the indicator identifies and plots the underlying price structure.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
XYZ Super Fibonacci Channel Cluster
Simple setups
Just input two different ema, X and Y.
Multiple = input Phi factor (ex: 0.38 , 0.618 , 1.618 , 3.14)
Usage
Grouping movements into channels to identify trend acceleration and deceleration
Example usability in the BTC/USD trading pair (timeframe = 1D) =>
Input Setups
Source = hlc3
Multiplier = 2
X Ema = 13
Y Ema = 21
How to identify acceleration and deceleration?
H_1 to H_2 => Bullish but no acceleration (because at same top level border).
H_2 to H_3 => Bullish with acceleration (go up to another top level border).
H_3 to H_4 / H_4 to H_5 => Bullish deceleration (because drop to another top level border).
L_1 to L_2 => Bearish signal (because fall below EMA-super and touch the bottom border of Super Channel).
L_2 to L_3 => Bearish acceleration (drop to another bottom level border).
L_3 to L_4 => Bearish deceleration (go up to another bottom level border).
v2.3 Weekly Fibo Candle Middle LineThis is a real time tools assisting traders in monitoring the Fibonacci Retracement Levels while the range is extending in real time run. I have simply marked the three most important Fibonacci retracement level, namely 38.2%, 50%, 61.8% which are colored and marked as blue Fibo_up, red Fibo_mid and blue Fibo_low. Should you have any idea in trading with other Fibonacci levels, please send me your feedback for improvement and sharing.
Auto Fib Channels by DGTThe Fibonacci Channel is a technical analysis tool that is used to estimate support and resistance levels based on the Fibonacci numbers. It is a variation of the Fibonacci retracement tool, except with the channel the lines run diagonally rather than horizontally.
This study will automatically place the channels where the levels indicate future areas of support and resistance
For further details please refer to education post
Nobody appears to know whether Fibonacci tools work because markets exhibit some form of natural pattern or because many investors use Fibonacci ratios to predict price movements, making them a self-fulfilling prophecy.
█ Study OPTIONS
Auto Fibonacci Channels , the main aim of the study
- Pivot threshold can be adjusted via “Deviation” and “Depth” input options
- Historical Channels / Retracements option will allow plotting of Channels on previous pivot high/lows
- Ability to set ALERTs for the Channel Levels
- Channel Labels displays the price of the line at the last bar, the price value will be updated in each new bar
Auto Fib Retracement – This is the build-in study of TradingView, customized to be in-line with Fibonacci Channels
- Pivot threshold can be adjusted via “Deviation” and “Depth” input options
- Historical Channels / Retracements option will allow plotting of Retracements on previous pivot high/lows
- Ability to set ALERTs for the Retracement Levels
Zig Zag – Derived from build-in Auto Fib Retracement with some customization options.
Disclaimer :
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Automatic FibonacciFibonacci retracements are popular among technical traders. In technical analysis, a Fibonacci retracement is created by taking two extreme points (usually a peak and a trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, and 100%. Basic fibo levels are often known to be 14.6%, 23.6%, 38.2%, 50%, 61.8%, 76.4%, 88.6% and 100%.
This indicator will draw the fibonacci levels automatically. Once these levels are identified, horizontal lines are drawn and used to identify possible support and resistance levels including zones. The fibo levels on this indicator gives you the option to use basic fibo or new paradigm fibo levels. New paradigm fibo levels may be new to most traders, however, the application of new paradigm fibo does allow one to trade with least risk due to the precision of the price action surrounding the fibo levels and zones.
One of the most efficient and great ways to apply this auto fibo indicator and the new paradigm fibo is by only leaving the fibo levels that do have hits and un-selecting the fibo levels that do not have any. You can further remove any other levels so you can trade the zones that these fibo levels create.
In addition, you can also switch the timeframe of the fibo from 1D to different number of days to 1W.
