Fibonacci Zone

My first attempt in Pine.
It is a Donchian Channel, but in stead of the median line I added the four Fibonacci lines and colored three of the five ensuing zones in suggestive colors.
The blue zone is up trend zone
The gray zone is ranging zone
The orange zone is down trend zone.
The white zones are 'in betweens'
For the fibs to function properly it needs to be a 20 - 30 period channel.
릴리즈 노트: Periods now adaptable in the inputs, corrected the calculation of the Highest Fibonacci Line
Gave the borders a title and added better remarks in the script code.

Enjoy, Eykpunter.
즐겨찾기 스크립트에서 빼기 즐겨찾기 스크립트에 넣기


I saw that I made a mistake, the high fib should be calculated as hl-dist*0.236.
+8 응답
geo.stan88 eykpunter
@eykpunter,Amazing! thanks!
+2 응답
Is there a minimum number of bars you wouldn't use like 10-15?
+3 응답

Is there a way derive 0 and 1 values of Fib retracement already drawn on the chart using TradingView tools?

very interesting indicator. how does your strategies for long and shorts look like?
Thanks! this is Great!
thank you!
On your latest Release Notes Does this mean that the periods no longer have to be between 20-30.
eykpunter gfglenn1
@gfglenn1, I think Fibonacci levels are between relevant previous high and low, to be relevant we need to take the closest high and low that stand out and look genuine. However, this algorithm cannot judge relevance like a human analyst would, so we have to do it by setting the look back period not too long. My experience teaches me to use 20-30 candles. But you can see what happens ik you take a longer look back period.
홈으로 스탁 스크리너 포렉스 스크리너 크립토 스크리너 이코노믹 캘린더 사용안내 차트 특징 프라이싱 프렌드 리퍼하기 하우스룰(내부규정) 헬프 센터 웹사이트 & 브로커 솔루션 위젯 차팅 솔루션 라이트웨이트 차팅 라이브러리 블로그 & 뉴스 트위터
프로화일 프로화일설정 계정 및 빌링 리퍼드 프렌즈 코인 나의 서포트 티켓 헬프 센터 공개아이디어 팔로어 팔로잉 비밀메시지 채팅 로그아웃