FIBO Easy Return
This indicator draws the longterm and the shortterm Fibonaccci levels based on highest highs and lowest lows.
Parameters for longterm and shortterm can be changed.
Default longterm: 200/100
Default shortterm: 50/50
It’s no surprise to see the candles bounce off the levels
Add the Indicator to your price.
Sorry for my basic english 🙂
|
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 |
// VAN SALT´s << FIBO EASY RETURN >> Version 20171105 // This Indicator draws the Shortterm and Longtern Fibonacci Levels based on two Highest High and Lowest Low // Default Parameter Shortterm HH 50 / LL 50 // Default Parameter Longterm HH 200 / LL 100 // The Parameters can be changed! defparam drawonlastbaronly = true hhLT = highest[LongtermHH](high) llLT = lowest[LongtermLL](low) hh = highest[ShorttermHH](high) ll = lowest[ShorttermLL](low) LTfib236 = (hhLT-llLT)*0.236 LTfib382 = (hhLT-llLT)*0.382 LTfib500 = (hhLT-llLT)*0.5 LTfib618 = (hhLT-llLT)*0.618 LTfib786 = (hhLT-llLT)*0.786 fib236 = (hh-ll)*0.236 fib382 = (hh-ll)*0.382 fib500 = (hh-ll)*0.5 fib618 = (hh-ll)*0.618 fib786 = (hh-ll)*0.786 LTlevel236 = hhLT-LTfib236 LTlevel382 = hhLT-LTfib382 LTlevel500 = hhLT-LTfib500 LTlevel618 = hhLT-LTfib618 LTlevel786 = hhLT-LTfib786 level236 = hh-fib236 level382 = hh-fib382 level500 = hh-fib500 level618 = hh-fib618 level786 = hh-fib786 drawtext(" <== LT HIGH",barindex,hhLT,SansSerif,Bold,12) coloured(0,0,204) drawtext(" <== LT 23,6",barindex,LTlevel236,SansSerif,Bold,12) coloured(0,0,204) drawtext(" <== LT 38,2",barindex,LTlevel382,SansSerif,Bold,12) coloured(0,0,204) drawtext(" <== LT 50,0",barindex,LTlevel500,SansSerif,Bold,12) coloured(0,0,204) drawtext(" <== LT 61,8",barindex,LTlevel618,SansSerif,Bold,12) coloured(0,0,204) drawtext(" <== LT 78,6",barindex,LTlevel786,SansSerif,Bold,12) coloured(0,0,204) drawtext(" <== LT LOW",barindex,llLT,SansSerif,Bold,12) coloured(0,0,204) drawtext(" < SHT HIGH",barindex-1,hh) coloured(153,0,0) drawtext(" < SHT 23,6",barindex-1,level236) coloured(153,0,0) drawtext(" < SHT 38,2",barindex-1,level382) coloured(153,0,0) drawtext(" < SHT 50,0",barindex-1,level500) coloured(153,0,0) drawtext(" < SHT 61,8",barindex-1,level618) coloured(153,0,0) drawtext(" < SHT 78,6",barindex-1,level786) coloured(153,0,0) drawtext(" < SHT LOW",barindex-1,ll) coloured(153,0,0) RETURN hhLT coloured(0,0,204) STYLE(dottedline,4) as "LT HIGH", LTlevel236 coloured(82,139,139) STYLE(dottedline,4) as "LT 23,6", LTlevel382 coloured(105,105,105) STYLE(dottedline,4) as "LT 38,2", LTlevel500 coloured(0,205,0)STYLE(dottedline,4)as "LT 50,0", LTlevel618 coloured(200,170,0)STYLE(dottedline,4) as "LT 61,8", LTlevel786 coloured(255,51,153)STYLE(dottedline,4) as "LT 78,6", llLT coloured(0,0,204) STYLE(dottedline,4) as "LT LOW", hh STYLE(line,2) as "SHT HIGH", level236 coloured(82,139,139) as "SHT 23,6", level382 coloured(105,105,105) as "SHT 38,2", level500 coloured(0,205,0)as "SHT 50,0", level618 coloured(200,170,0) as "SHT 61,8", level786 coloured(255,0,0) as "SHT 78,6", ll STYLE(line,2) as "SHT LOW" |
Share this
No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.
ProRealTime ITF files and other attachments :
Filename : download the ITF files
Find other exclusive trading pro-tools on 
PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials
Hello Van Salt
Thank you for this indicator. Very interest for add into price and follow exactily the level of pullback…
your english is not very strong but i understand easily 😉
nice job thanks
super well done…and your english…much more better then mine..
1) what about to add some fibonacci expansions on the daily candle?
2) reccomended on? image isnot clear..
Hi Bianca, the indicator shows you some interesting cluster-zones from long- and shortterm fibo-levels. The is no special recommandation to a special share.
The values are different. But exactly that shows the indicator.
It still follows a Fibo Backtest and a Fibo Screener. So you can test different shares and the best fibo level to buy or sell.
I will see, if i add the expansions to the indicator. Nice idea!
Questo indicatore è molto interessante. Mi sono permesso di apportare alcune modifiche nell’intento di miglioralo. L’intento è stato quello di avere il grafico pulito e i livelli di fibonacci per entrambe le direzioni.
Riporto qui in codice dell’indicatore:
// VAN SALT´s <> Version 20171105
// This Indicator draws the Shortterm and Longtern Fibonacci Levels based on two Highest High and Lowest Low
// Default Parameter Shortterm HH 50 / LL 50
// Default Parameter Longterm HH 200 / LL 100
// The Parameters can be changed!
// Modificato, Integrato e Testato Da Vincenzo Giordano
// 26 ottobre 2020
defparam drawonlastbaronly = true
hhLT = highest[LongtermHH](high)
llLT = lowest[LongtermLL](low)
hh = highest[ShorttermHH](high)
ll = lowest[ShorttermLL](low)
LTfib236 = (hhLT-llLT)*0.236
LTfib382 = (hhLT-llLT)*0.382
LTfib500 = (hhLT-llLT)*0.5
LTfib618 = (hhLT-llLT)*0.618
LTfib786 = (hhLT-llLT)*0.786
LTfib764 = (hhLT-llLT)*0.764
LTfib214 = (hhLT-llLT)*0.214
fib214 = (hh-ll)*0.214
fib236 = (hh-ll)*0.236
fib382 = (hh-ll)*0.382
fib500 = (hh-ll)*0.5
fib618 = (hh-ll)*0.618
fib764 = (hh-ll)*0.764
fib786 = (hh-ll)*0.786
LTlevel236 = hhLT-LTfib236
LTlevel382 = hhLT-LTfib382
LTlevel500 = hhLT-LTfib500
LTlevel618 = hhLT-LTfib618
LTlevel786 = hhLT-LTfib786
LTlevel764 = hhLT-LTfib764
LTlevel214 = hhLT-LTfib214
level214 = hh-fib214
level236 = hh-fib236
level382 = hh-fib382
level500 = hh-fib500
level618 = hh-fib618
level786 = hh-fib786
level764 = hh-fib764
drawtext(” < 00,00",barindex,hhLT,SansSerif,Bold,11) coloured(0,0,204)
drawtext(" < 23,60",barindex,LTlevel236,SansSerif,Bold,11) coloured(0,0,204)
drawtext(" < 38,20",barindex,LTlevel382,SansSerif,Bold,11) coloured(0,0,204)
drawtext(" < 50,00",barindex,LTlevel500,SansSerif,Bold,11) coloured(0,0,204)
drawtext(" < 61,80",barindex,LTlevel618,SansSerif,Bold,11) coloured(0,0,204)
drawtext(" < 78,60",barindex,LTlevel786,SansSerif,Bold,11) coloured(0,0,204)
drawtext(" <100,00",barindex,llLT,SansSerif,Bold,11) coloured(0,0,204)
drawtext(" <100,00",barindex,hhLT,SansSerif,Bold,11) coloured(255,0,0)
drawtext(" < 78,60",barindex,LTlevel214,SansSerif,Bold,11) coloured(255,0,0)
drawtext(" < 61,80",barindex,LTlevel382,SansSerif,Bold,11) coloured(255,0,0)
drawtext(" < 50,00",barindex,LTlevel500,SansSerif,Bold,11) coloured(255,0,0)
drawtext(" < 38,20",barindex,LTlevel618,SansSerif,Bold,11) coloured(255,0,0)
drawtext(" < 23,60",barindex,LTlevel764,SansSerif,Bold,11) coloured(255,0,0)
drawtext(" < 00,00",barindex,llLT,SansSerif,Bold,11) coloured(255,0,0)
drawtext(" < 00,00",barindex-1,hh) coloured(0,0,255)
drawtext(" < 23,60",barindex-1,level236) coloured(0,0,255)
drawtext(" < 38,20",barindex-1,level382) coloured(0,0,255)
drawtext(" < 50,00",barindex-1,level500) coloured(0,0,255)
drawtext(" < 61,80",barindex-1,level618) coloured(0,0,255)
drawtext(" < 78,60",barindex-1,level786) coloured(0,0,255)
drawtext(" <100,00",barindex-1,ll) coloured(0,0,255)
drawtext(" < 100,00",barindex-1,hh) coloured(255,0,0)
drawtext(" < 78,60",barindex-1,level214) coloured(255,0,0)
drawtext(" < 61,80",barindex-1,level382) coloured(255,0,0)
drawtext(" < 50,20",barindex-1,level500) coloured(255,0,0)
drawtext(" < 38,20",barindex-1,level618) coloured(255,0,0)
drawtext(" < 23,60",barindex-1,level764) coloured(255,0,0)
drawtext(" < 00,00",barindex-1,ll) coloured(255,0,0)
RETURN hhLT coloured(255,0,0) STYLE(dottedline,1) as "LT HIGH", llLT coloured(0,250,0) STYLE(dottedline,1) as "LT LOW", hh STYLE(line,1), ll STYLE(line,1) as "SHT LOW"