OPEN-SOURCE SCRIPT
[HM] Fibonacci Fractals Absolute Auto v20221114
Atualizado
Basically:
F - Fibonacci levels
F - fractals: retracement of retracement
A - absolute: based on two fixed points instead user chosen Fibonacci points
A - auto: automatically draws based on volatility
Explanation:
This script will automatically trace TWO Fibonacci levels from these points:
- ALL TIME HIGH (ATH) and ALL TIME LOW ( ATL ) prices
This is our first Fibonacci FRACTAL retracement and the line caption will show ONE character:
"↥" for 0.618
"↧" for 0.382
The FRACTAL with two lines will define THREE regions.
The second Fibonacci FRACTAL retracement will show TWO characters:
the same "↥" "↧" characters with:
"a" if the price is between TOP region of previous fractal
"b" if the price is between MIDDLE region of previous fractal
"c" if the price is between BOTTOM region of previous fractal
The third Fibonacci FRACTAL will show THREE characters and so on.
Delimited by volatility (otherwise this script will go to 10th fractal maximum).
OPTIONS to give a try:
- use ALL TIME HIGH and ZERO prices (instead ATH and ATL )
- use a non-Fibonacci retracement:
---> "⅓": 1/3 and 2/3 levels instead 0.618 and 0.382 (based on chess master Hindenburg Melão article hint)
---> "fibonaccing": 0.764 and 0.236 levels (based on Brazilian trader Marco Antonio Rossi method hint)
#script under development, sugestions and questions are welcome.
F - Fibonacci levels
F - fractals: retracement of retracement
A - absolute: based on two fixed points instead user chosen Fibonacci points
A - auto: automatically draws based on volatility
Explanation:
This script will automatically trace TWO Fibonacci levels from these points:
- ALL TIME HIGH (ATH) and ALL TIME LOW ( ATL ) prices
This is our first Fibonacci FRACTAL retracement and the line caption will show ONE character:
"↥" for 0.618
"↧" for 0.382
The FRACTAL with two lines will define THREE regions.
The second Fibonacci FRACTAL retracement will show TWO characters:
the same "↥" "↧" characters with:
"a" if the price is between TOP region of previous fractal
"b" if the price is between MIDDLE region of previous fractal
"c" if the price is between BOTTOM region of previous fractal
The third Fibonacci FRACTAL will show THREE characters and so on.
Delimited by volatility (otherwise this script will go to 10th fractal maximum).
OPTIONS to give a try:
- use ALL TIME HIGH and ZERO prices (instead ATH and ATL )
- use a non-Fibonacci retracement:
---> "⅓": 1/3 and 2/3 levels instead 0.618 and 0.382 (based on chess master Hindenburg Melão article hint)
---> "fibonaccing": 0.764 and 0.236 levels (based on Brazilian trader Marco Antonio Rossi method hint)
#script under development, sugestions and questions are welcome.
Notas de Lançamento
- suddently, the "2/3" does not work anymore, had to change it to " float(2)/3 " (code line 8)- default color changed to orange
Script de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
Quer usar esse script no gráfico?
Aviso legal
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