This indicator displays FIB levels which price tends to respect and bounce off much of the time. It is not suitable to trade based on this indicator alone.
It was originally designed to augment our flagship Pitchfork Intersection tool but is useful with many trading systems. In our trading system we use it to confirm an already established precise entry point. The levels it produces on it's own are not precise enough to get 4R trades as we do with our pitchforks tool. Thus please only use it as a confirmation tool, not an entry tool.
I am releasing it to the tradingview community because it is useful as a confirmation tool with any other strategy which uses SR levels or pivot points. It can be used to confirm your signals.
It has has some built in signals based on RSI and divergences. These signals are experimental and should not be used to trade on their own.
If you like it please reach out to me and let me know. I would love to learn how it is benefitting you. Also if you would like to learn how I use it let me know that too.
Doug Collins
TESTEDfx
It was originally designed to augment our flagship Pitchfork Intersection tool but is useful with many trading systems. In our trading system we use it to confirm an already established precise entry point. The levels it produces on it's own are not precise enough to get 4R trades as we do with our pitchforks tool. Thus please only use it as a confirmation tool, not an entry tool.
I am releasing it to the tradingview community because it is useful as a confirmation tool with any other strategy which uses SR levels or pivot points. It can be used to confirm your signals.
It has has some built in signals based on RSI and divergences. These signals are experimental and should not be used to trade on their own.
If you like it please reach out to me and let me know. I would love to learn how it is benefitting you. Also if you would like to learn how I use it let me know that too.
Doug Collins
TESTEDfx