FiboStaircase by Solah Azman

2019년 10월 30일

The band represents the range between local highest and local lowest and the layers are proportional to Fibonacci ratio. Suitable for 5 minutes charts.

2019년 10월 31일

릴리즈 노트

Green crosses are buying signals and red crosses are selling signals.

2019년 10월 31일

릴리즈 노트

Some amendments on setups.

2019년 11월 1일

릴리즈 노트

I add parabolic SAR on the band, green outer bands indicate a bullish/ascending stairs while red outer bands indicate a bearish/descending stairs.

One setup that you can consider is to buy when the price in the purple layer given the outer band is green and sell when it touches the red layers.

2019년 11월 1일

릴리즈 노트

Some amendments :)

2019년 11월 6일

릴리즈 노트

I redo the whole script. I use VWAP cross over, ADX-DMI, Choppiness Index and BB Width as entry setup. The color of outer bands depicts multiple days trend.