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.
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█ INDICATOR SETTINGS
Please let me know if you have any questions. Thank you.
Notas de Lançamento
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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.
@MUQWISHI, hi thanks for the fast reply, i want too make a strategy if open price is same as an fib lvl buy or sell, for that i am using open == fiblvl(val..) but it says it can not use bools, is there a way too get the values of the fib lvls too build a strategy
MUQWISHI
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@savage-d, All levels are listed inside "inVal" array. You may start from that point.
JanLosev
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Great job. With your permission, I will use the upgrade code for my strategy. 🤓
priyadrganeshamurthi
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Excellent indicator.thanks
Ya-Razzaq
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Hi pal, very good strategy! but how to set alert for this indicator?
MUQWISHI
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Hi @Ya-Razzaq, There're alerts for signals but not levels. Thanks.
Ether2020
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Great works, my friend! Thank you for your effort to publish this script!
parthmyatra1
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what is mean of 100 % fib run up . all it is starting point so in't all should touched that and also 2.18 has run of 10 % and 2.68 has run of 17 % what this mean