Fibonacci bands with ATR

Hi all,

Here is a code from one of the visitors of my website : “Winnie37”.
He asked me to make a code of Fibonacci Bands with ATR, but I didn’t have the time to create it within the week, and I didn’t knew the formula.

So he coded it himself (congratulations !), and allowed me to publish it.
Here it is, simple and effective.

period = 20  //  à changer selon convenance

indicator1 = ExponentialAverage[period](close)
indicator2 = AverageTrueRange[period](close)

INDICATOR3= INDICATOR2*4.23
INDICATOR4=INDICATOR2*2.62
INDICATOR5=INDICATOR2*1.62
INDICATOR6=INDICATOR2*1

upperBand4 = INDICATOR1 + INDICATOR3
upperBand3 = INDICATOR1 + INDICATOR4
upperBand2 = INDICATOR1 + INDICATOR5
upperBand1 = INDICATOR1 + INDICATOR6
lowerBand4 = INDICATOR1 - INDICATOR3
lowerBand3 = INDICATOR1 - INDICATOR4
lowerBand2 = INDICATOR1 - INDICATOR5
lowerBand1 = INDICATOR1 - INDICATOR6

RETURN upperBand4 coloured(0,0,0),upperBand3 coloured(255,0,255),upperBand2 coloured(255,153,0),upperBand1 coloured(255,255,0),lowerBand4 coloured(0,0,0),lowerBand3 coloured(255,0,255),lowerBand2 coloured(255,153,0),lowerBand1 coloured(255,255,0)

period = 20 // à changer selon convenance

indicator1 = ExponentialAverage[period](close)

indicator2 = AverageTrueRange[period](close)

INDICATOR3= INDICATOR2*4.23

INDICATOR4=INDICATOR2*2.62

INDICATOR5=INDICATOR2*1.62

INDICATOR6=INDICATOR2*1

upperBand4 = INDICATOR1 + INDICATOR3

upperBand3 = INDICATOR1 + INDICATOR4

upperBand2 = INDICATOR1 + INDICATOR5

upperBand1 = INDICATOR1 + INDICATOR6

lowerBand4 = INDICATOR1 - INDICATOR3

lowerBand3 = INDICATOR1 - INDICATOR4

lowerBand2 = INDICATOR1 - INDICATOR5

lowerBand1 = INDICATOR1 - INDICATOR6

RETURN upperBand4 coloured(0,0,0),upperBand3 coloured(255,0,255),upperBand2 coloured(255,153,0),upperBand1 coloured(255,255,0),lowerBand4 coloured(0,0,0),lowerBand3 coloured(255,0,255),lowerBand2 coloured(255,153,0),lowerBand1 coloured(255,255,0)

ATR bands fibonacci

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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.

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supertiti • 09/15/2016 #
La periode de la moyenne et de l’ATR est identique (20), est ce normal ? un ATR standart tourne autour de 12 il me semble
un avis ?
- Doctrading • 09/15/2016 #
  A chacun de définir les périodes de son choix.

Dymjohn • 09/15/2016 #
I downloaded this but will only open in a separate window. Can anyone explain how to show on the main chart as illustrated?
- Nicolas • 09/15/2016 #
  Use the wrench of the price chart! Upper left of the window
- Dymjohn • 09/15/2016 #
  The wrench shows options for the components of the indicator not how to show in the main chart window. Don’t understand Nicolas.
- Nicolas • 09/15/2016 #
  http://www.prorealcode.com/topic/overlapping-indicators/

supertiti Bonjour Nicolas, Je ne comprend pas bien , le trend change de couleur quand les prix sont a...

Nicolas Oui ce serait possible, cependant l'indicateur est bien prévu pour conserver la couleur de l...

supertiti Quand tu pourras si tu peux nous coder la troisième couleur cela améliorerait les trades cou...

Nicolas remplacer les valeurs de coloured(0,255,0) par coloured(r,g,b) et ajouter ces noms de variab...

mohamed merci Nicolas!

sacram14 Merci Nicolas pour ce set-up que je ne connaissais pas ! J'ai tenté de reprendre le code pou...

Nicolas Pour créer des alertes, vous pouvez suivre ce petit tutoriel : https://www.prorealtime.com/f...

thibault76 Bonjour Nicolas, cette stratégie est intéressante. Par contre, en 2022, le code ne fonction...

Nicolas Aucun message d'erreur pour ma part en version 11.1. Tu es certain de créer un code d'indica...

Meta Signals Pro Pleasure ! Please let us know if you make good trades with it and if you see improvements we...

francis59 Bonjour, Bonjour, comment puis-je créer un screener basé sur cet indicateur, qui affiche le...

Trader Sab I am curious to try it how, however I get an error message for line 47 and 48 - drawsegment,...

Nicolas Just add it on the price series.

yomisadiku Hello Nicolas, Can I use high and low price at lines hh=max(hh,close) and ll=min(ll,close) ...

Nicolas Yes you can do that, the impact will be that the trailing stop line will be much close to th...

rama what is the buy condition or sell condition for this can you suggest a code k1=1 buy and k1...

rama I would like to know at point 1 an alert or binary indicator so that I can place order

maxlys Bonjour Nicolas, merci pour ce code qui a l'air intéressant. Comment ajouter dans le code l'...

LucioleLucide Clean view, thanks for sharing

dertopen hi where i can found the window for candle configuration?

paolosab69 Ciao! . I have seen the pictures that explain this metod but i don't understand when is mome...

Nicolas Add indicator on price doesnt require any specific type of subcription. Click on the wrench ...

tahiti bonjour j'ai une petite question comment peux on enlevé la bar blanche sur la bougie en cour...

sixeight Hi Kris, is there a way to increase the number of rows? I get a loop error

Kris75 Hi, This is great !! anyone ever developped a strategy about it ???

swapping hello Kris75, not that I know but it is possible to make a scenario ;)

digitation Hi swapping, Thanks for sharing this useful tool. I was wondering how difficult it would be...

swapping https://www.prorealcode.com/topic/prc_quickfibtl/ Please Hans63 and robdav follow to uppe...

Hans63 Thank you swapping

FREDNC @Nicolas merci pour se remarquable indicateur, reste à voir comment on va pourvoir l'intégre...

Tarkus1954 Hi. When I add this indicator it loads it in a separate window. How do I get the indicator...

Nicolas By adding it on the price chart. Use the wrench on the left upper side of the price chart.

ervelasco Thank you for your posting! I was missing the indicator when trying to select Keltner bands ...

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