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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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/

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 ...

swapping fib1236 = (hiday-lowday)*1.236+lowday DrawSegment(startbar,fib1236,barindex,fib1236) colou...

swapping Oups ! Nicolas il y a un problème avec l'insertion de code en utilisant le bouton [Add PRT ...

swapping fib1236 = (hiday-lowday)*1.236+lowday DrawSegment(startbar,fib1236,barindex,fib1236) colour...

ottimo Thank you Nicolas, great indicator, N. 1

tikigai Merci Nicolas! First Happy new Year 2020. Very good indicator BUT (yes the french "oui, m...

Nicolas Whats prorealtime version? Did you try in version prior to v11? indicator's call and loop ca...

Nicolas Yes, that's how it goes when using loops..

JosephFelix Hi, Could I please have help with adding these indicators 'on price'? Every indicator that I...

Nicolas Just add it on price by clicking the wrench on the left upper side of the price chart.

Nicolas Sure, I suggest you open a new topic in the forum to discuss about your ideas.

hdgm Bonjour Nicolas, est ce que l'on peut en faire une stratégie de trading automatisée ?

Nicolas Non, pas en utilisant l'indicateur zigzag traditionnel de la plateforme.

Marcos Alvarez Dominguez Hello Nicolas, is it possible to stablish a bullish screener for this indicator when the cen...

Nicolas Please open a topic in the screener section to ask for this specific query.

zaher123 Hello, the indicator doesn't show up anything on the screen, any suggestions please?

Nicolas Apply it on the price chart. The indicator plot just one single line. There are two in the...

jamesoc Hi Nicolas, do you happen to know if there is an indicator that can be applied to charts, to...

gustavobp Buenos dias Nicolas, al agregar tu indicador no me reconoce la variable Price ni en la linea...

Vonasi Jissey - Je pense qu'il est préférable que vous commenciez un sujet sur le forum ProOrder et...

jissey Bonjour Vonasi, ma stratégie est simple; Passage du niveau 50 par la closeline , à l'achat ...

Vonasi I cannot communicate in French with you. Please start a topic in the forums to discuss your ...

bharatjai Script 'Adaptive ATR' has been saved line 24: no viable alternative at input 'lr' Gettin...

Nicolas download the itf file and import it into your platform.

Francis3332 Bonjour à tous, J'aime beaucoup cet indicateur et j'aimerais pouvoir l'utiliser sur la dern...

Caribeengeek Bonjour j’avais vu que vous proposiez d’écrire des codes pour ceux qui s’y connaisse pas Mai...

Caribeengeek Les devises unité

Nicolas Merci d'utiliser le forum pour les demandes de programmation personnalisée

swapping Oups nicolas ! je pense que tu a oublié de mettre les variables "setting" accessible en exte...

Nicolas Je viens de vérifier, elles y sont pourtant?

swapping Mea culpa, j'ai fait un bête (copier/coller) et forcément cela ne pouvait pas y être puisqu'...

Van Salt Hi Bianca, the indicator shows you some interesting cluster-zones from long- and shortterm f...

Vinci1966 Questo indicatore è molto interessante. Mi sono permesso di apportare alcune modifiche nell'...

Vinci1966 // VAN SALT´s <> Version 20171105 // This Indicator draws the Shortterm and Longtern ...

Nicolas Please open a new forum topic, and respect the posting rules. Add a precise description of w...

FXTT ok will do, apologies, as I said I am new here. many thanks

Noobywan Version v2 including requested additions: https://www.prorealcode.com/prorealtime-indicators...

WarningTrading Comment peut on la comparer ? comme ceci ? cela ne me donne plus le message d'erreur manque...

sally31120 Bonjour, je n'arrive pas à créer ce screener close > supertrend extended2[1] la réponse...

Nicolas voir ce sujet pour un screener basé sur Supertrend Extended: https://www.prorealcode.com/top...

JanWd Tried the code, nice concept, seems to work quit well for US/EUR 2hrs, Other markets seems n...

JR1976 Simple and nice code , congrats !!! Seems work well with TIme frame 1 h

phanz Hi all, Sorry revisiting an old post. This algo is simple, and simplicity is the ultimate ...

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