This indicator shows three types of support and resistance lines: Horizontal, Parallel (using linear regression) and Fibonacci Retracement. Lines can be adjusted or turned on and off in settings. A great tool for setting up entries, exits and locating pivot points.
This is a new indicator that uses Murrey Math formulas to find the tops and bottoms, then uses those tops and bottoms to draw long-term fibonacci retracement levels. The genius of Murrey was his geometric formulas to calculate the right place to start plotting the lines, but I think the fibonacci ratios typically seem more accurate than the MM line ratios. So in...
This was supposed to be an automatic ICT OTE (Optimal Trade Entry) Fib level placement on a 3-day scale, but this did not turn out anywhere near close to how I envisioned it working.
Probably with some more development and applied math for the fib levels, I can get this to work even with breached 3D levels, but currently it's an exercise in frustration.
-Automatically drawn Fibonacci Retracement Levels based on the input Lookback Period
-Corresponding labels for each level (Price & Level)
-Fully customizable Levels and Lines through user Inputs
-Alerts based on crosses of any of the levels (Up or Down)
* Option to display a customizable Linear Regression
Prototype Fibonacci stochastic oscillator for use on 1D, 4H, 1H, 30m, and 15m intervals.
Optional JMA (Jurik Moving Average) smoothing available in addition to SMA, EMA, RMA, WMA.
Parameters to auto-sync the the Security() request for the Fibonacci calculation is currently not functioning as intended; I would recommend using a Resolution/Timeframe Request of 1...
This is based on Fibonacci Pivot Points. I forked "CristianD CD_PivotR" code for this. Thanks
"Fibonacci Pivot Points start just the same as Standard Pivot Points. From the base Pivot Point, Fibonacci multiples of the high-low differential are added to form resistance levels and subtracted to form support levels."
Pivot Point (P) = (High + Low + Close)/3
Private Message me for more info and EAG Scripts
Colored bars based on EAG Fib MA script.
colorA changes to colorB going down = Open Short or Short Continuation
colorA changes to colorB going up = Open Long or Long Continuation
colorA changes to colorB and the next bar is colorA = Reversal...
NGRN BALANCE ALLOCATION INDICATOR - Version 1
This indicator can be used to determine trade quantities as the market ebb and flows. Deeper red histogram values would indicate more funds allocated to the buy/long condition, and higher green histogram values would indicate a larger percentage of funds to sell or short. Uses volume weighted moving...