Fibonacci & Volume Bell Curve

Bell Curve + Fibonacci Retracement

This custom indicator combines Fibonacci retracement levels with volume-weighted statistics (VWAP Bell Curve) to provide high-probability trading signals.

Indicator Components:

Fibonacci Retracement
Key Level Used:
Cyan (61.8%) – Golden Ratio: Most significant for identifying potential reversals.

Volume-Weighted Bell Curve (VWAP Bands)
White Line – VWAP (Volume Weighted Average Price).

Orange Bands (±2σ) – Represent two standard deviations above and below VWAP. Indicates the range where approximately 95% of volume-weighted price action occurs.

Trading Strategies:

Support & Resistance Trading

Fibonacci levels act as dynamic support/resistance.
The 61.8% level is especially effective for spotting reversal opportunities.

VWAP Mean Reversion
When price moves outside the ±2σ orange bands, expect a reversion back to the white VWAP line.

High-probability trades occur when price is extended to extremes.
Confluence Trading (High-Probability Setups). Strongest signals occur when Fibonacci levels align with VWAP bands. Look for overlap between Fib levels and VWAP support/resistance zones.

Pro Tips for Best Results:

Volume Confirmation: Look for increased volume at key levels for stronger signals.
Timeframes: Effective on all timeframes; higher timeframes offer more reliable signals.
Market Context: Always consider overall market direction and news events.
Multiple Touches: Levels become more valid when tested multiple times.

My settings:
Fibonacci Settings
Lookback Period: 50
Swing Detection Sensitivity: 5
Show Fibonacci Labels: ✅ Enabled
Bell Curve (VWAP Bands) Settings
Bell Curve Period: 100
VWAP Source: (H + L + C) / 3 (typical price)
Show Bell Curve Bands: ✅ Enabled
Confidence Levels: 2 Standard Deviations (±2σ)
Visual Settings
Fibonacci Line Width: 2
Bell Curve Line Width: 2
Extend Lines Right: ✅ Enabled

Fibonacci Levels
61.8% – ✅ Enabled, Color: Bright Blue
Other levels are disabled

VWAP & Bell Curve Bands
VWAP (White Line) – ✅ Enabled
Upper 1 SD – ✅ Enabled, Color: Gray
Lower 1 SD – ✅ Enabled, Color: Gray
Upper 2 SD – ✅ Enabled, Color: Orange-Red (with transparency)
Lower 2 SD – ✅ Enabled, Color: Orange-Red (with transparency)