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Fibonacci Levels Based on Supertrend [By MUQWISHI]

A “Fibonacci Levels Based on Supertrend” indicator is supertrend indicator planned with Fibonacci retracements levels. Fibonacci retracements provides a sequence of levels starting from 0% to 100% in addition to extension levels. 0% is measured to be the initial Supertrend line, and 100% is the previous Supertrend line where it has been broken by candle. This tool could be valuable in terms of managing trades by setting targets and reducing the risk in the trend direction.


█ OVERVIEW

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█ INDICATOR SETTINGS
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Please let me know if you have any questions.
Thank you.
Notas de Lançamento
UPDATES:
  • Code Optimization.
  • Added a brief historical run-up statistics table that contains

1. The percentage of trades with max run-up corresponding with each Fibonacci level over historical trades.
2. Total historical trades.
3. Median Fibonacci Level over historical trades.
4. Mean Fibonacci Level over historical trades.

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Thank you

Script de código aberto

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

MUQWISHI
Trusted Pine Programmer, For Coding Inquiries
► Website muqwishi.com/home/quotation/
► Telegram t.me/MUQWISHI
► Email service@muqwishi.com


⛾ Support My Work on “Buy Me a Coffee” buymeacoffee.com/muqwishi
Também em:
Average True Range (ATR)Fibonacci ExtensionFibonacci RetracementfibonnaccilevelsPivot points and levelsresistencereversalsupertrendsupportTrend Analysis

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Average True Range (ATR)Fibonacci ExtensionFibonacci RetracementfibonnaccilevelsPivot points and levelsresistencereversalsupertrendsupportTrend Analysis

Script de código aberto

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

For quick access on a chart, add this script to your favorites — learn more here.

MUQWISHI
Trusted Pine Programmer, For Coding Inquiries
► Website muqwishi.com/home/quotation/
► Telegram t.me/MUQWISHI
► Email service@muqwishi.com


⛾ Support My Work on “Buy Me a Coffee” buymeacoffee.com/muqwishi
Também em:

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.