OPEN-SOURCE SCRIPT
Weekly Institutional Fib Pivots v1
These Fibonacci levels act as institutional order zones, meaning price reacts more powerfully when it originates from them. Use them as a weekly roadmap to anticipate where price is likely to travel each day, including during overnight or automated trading sessions.
How to trade them:
• Take the previous weeks levels and use those levels to trade the current week.
• Enter and exit around the major fib levels
• Use the 50% midpoint between levels as your first take-profit or stop-loss zone
These levels provide structure, targets, and precision for both intraday and multi-session trading.
Strategy:
Place your order at one level, and exit before it reaches the next level or at the 50% area of the zone
How to trade them:
• Take the previous weeks levels and use those levels to trade the current week.
• Enter and exit around the major fib levels
• Use the 50% midpoint between levels as your first take-profit or stop-loss zone
These levels provide structure, targets, and precision for both intraday and multi-session trading.
Strategy:
Place your order at one level, and exit before it reaches the next level or at the 50% area of the zone
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Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.