Mysteriown

VWAP + Fibo Dev Extensions Strategy

Based on my VWAP + Fibo deviations indicator, I tested some strategies to see if the indicator can be profitable; and I got it !

This strategy uses:
  • H1 timeframe
  • Weekly VWAP
  • +1.618 / +2.618 / -1.618 / -2.618 Deviations Extensions to create 2 bands
  • The value of the deviation

First, the 2 bands are plotted : +1.618/+2.618 painted in red and -1.618/-2.618 painted in lime.

Then, we wait for the deviation value to reach at least 150 (see thumbnail) to avoid littles moves when the gaps between bands are too short.

Entry long position :
  • first candle must crossunder the -1.618 level and low have to stay over the -2.618
  • low of the second one must stay in the lime band
  • enter the third one if the deviation value is over limit (150)

Exit long position :
  • TP : when a high crossover VWAP
  • SL : when a low crossunder -2.618

Entry short position :
  • first candle must crossover the +1.618 level and high have to stay under the +2.618
  • high of the second one must stay in the red band
  • enter the third one if the deviation value is over limit (150)

Exit short position :
  • TP : when a low crossunder VWAP
  • SL : when a high crossover +2.618

Notes :
  • this strategy uses pyramiding (5), be careful and calculate your risk management
  • the comission value is set to 0.08% to include slippages when entering a trade because of market orders
  • This strategy is not an advice to invest, make your own decisions.
오픈 소스 스크립트

진정한 TradingView의 정신에 따라, 이 스크립트의 작성자는 스크립트를 오픈소스로 게시했기에 거래자들이 이해하고 확인할 수 있습니다. 작가님께 건배! 스크립트를 무료로 사용할 수 있지만, 게시물에서 이 코드를 재사용하는 것은 하우스룰을 따릅니다. 당신은 스크립트를 차트에 사용하기 위해 그것을 즐겨찾기 할 수 있습니다.

차트에 이 스크립트를 사용하시겠습니까?

코멘트

good one, but the buy/sell signal are not getting on chart
+15 응답
@namwal, have a look to my answer below ;)
+23 응답
What is the VWAP indicator at the bottom? Where is it available?
+6 응답
use this strategy,i can not see anything .why?
+3 응답
amazing work i hope to add pinbar & shooting star
+1 응답
Thank you this is very good made. But one question why It has signal short long only for some coins not all. I though It maby base on volume but no I can't see it on ETH.
+1 응답
Hello
Thaks for VWAP+FIB DEV EXT Stategy. It is noice.. However i am not gettign deviation value (150) in the plottign.. how can i get it
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Рисует сигналы на предыдущей свече. т.е. с запозданием в час.
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cant use this one bro
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can i get the script without adding backtest i want to backtest manually
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