ZigZag Volume by Price Fibonacci Indicator (FIZIVOL)

v10.3
ZigZag Volume by Price Fibonacci Indicator (FIZIVOL)

Hi Coders,

This is an improved version of a Volume Price Level indicator I proposed lately, combined with the work of Nicolas on ZigZag.

https://www.prorealcode.com/prorealtime-indicators/multi-fractals-zigzag-highlow/

https://www.prorealcode.com/prorealtime-indicators/volume-by-price-levels-v2-extended/

It allows us to

  • clearly identify the future supports and resistances of the next price sequence
  • identify the next possible extensions or regression of the price on Fibonacci levels
  • the weekness in the price structure that could provoke gaps or accelerations
  • and above all it opens the path to automatize a strategy

▀ ▀  = MaxVol level

▼▼ or ▲▲= MinVol Levels above or under the MaxVol level

I am captive to read from you what would be the best way to optimize a strategy 

  • entry/exit signal
  • effective stoploss and trailing stop

Please feel free to give to this code some enhancements or correct it if you see errors.

Enjoy

Chris

Share this

Risk disclosure:

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 : How to import ITF files into ProRealTime platform?

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials

  1. Nicolas • 10/22/2019 #

    Fantastic work, well done! Thanks for sharing 🙂

  2. Kris75 • 10/22/2019 #

    When the expert says good job you feel encouraged and happy; thanks too Nicolas for your sharing; let’s see how we can produce a nice profit equity curve with it!

  3. atxeel • 10/22/2019 #

    Absolut cool, Thanks for sharing!

  4. Kris75 • 10/22/2019 #

    @atxeel pleasure! please share your strategies hypothesis so we can make a winner strat !

  5. dario ti • 10/22/2019 #

    This implement In PRT is one of the greatest work on this site, i hope the IG volume data feed is good enough to use this tool, all the volume profile based indicators in PRT are one of the most lack of this platform, and your job deserves all my gratitude.

    My strategy (on DAX) is always, entry on a retracement (limit order near an opening level) on a POC level after a brakeout on TF1-5min, only if there is a wide volume lack, TakeProfit on the next POC and trailingstop behind the next opening levels.

    P.s. Can you suggest me a convenient use of a lookback parameter according to exactly what it does in your code?

    Thank you Kris

  6. assafn • 10/22/2019 #

    I’m really new at this, so be gentle:)
    how can I create a scanner based on this wonderful indicator, that shows results whenever a new ▲ sign is created.
    Thank you

  7. Varadero54 • 10/22/2019 #

    Bonjour
    J’ai essayé de mettre en place dans PRT mais j’ai un message d’erreur?
    “Erreur de syntaxe: Veuillez définir la variable suivante: CP
    Veuillez définir la variable suivante: nbofdiv
    Veuillez définir la variable suivante: scalefactor
    Veuillez définir la variable suivante: lineextention
    Veuillez définir la variable suivante: numbarverif
    Veuillez définir la variable suivante: fiboextention”
    QQ ” un at-il la solution?
    Merci pour l’aide

    • JayD • 10/22/2019 #

      Dans “modifier” Il faut ajouter les variables en cliquant sur la clé dans le bar en haut. Voyez la photo de la première poste pour avoir les valeurs de defaut.

  8. jeanguy • 10/22/2019 #

    Quel travail ! Good job thank you !

    • Kris75 • 10/22/2019 #

      Merci Jeanguy, suis très preneur de vos stratégies profitables avec cet indicateur !!

  9. Screw27 • 10/22/2019 #

    Salut je vient d’installer ton indicateur mais il fonctionne pas ça m’indique un message d’erreur disant une boucle infinie je sais c’est plus trop quoi

  10. Canis Majoris • 10/22/2019 #

    Hello,
    Is there any user guide for this interesting indicator ?

    Thanks in advance

  11. FATBOY2016 • 10/22/2019 #

    Hello ,
    je viens de tenter d’installer ton indicateur ZIGZAG FIZIVOL , mais ça ne fonctionne pas car je ne peux pas cocher “LineExtension” et “FiboExtension” car ll fenêtre Propriétés de l’indicateur ne le propose pas .
    De plus , quelle Valeur donnes-tu habituellement pour “NumBarVérif” ?
    Merci par avance pour ta réponse

    Pasreb 03 02 2022

  12. Tur • 10/22/2019 #

    Thanks!

    • Meta Signals Pro • 10/22/2019 #

      Pleasure ! Please let us know if you make good trades with it and if you see improvements we could add !

  13. Enzo Paliotti • 10/22/2019 #

    Ottimo, complimenti per il grande lavoro

  14. Meta Signals Pro • 10/22/2019 #

    Pleasure ! Please let us know if you make good trades with it and if you see improvements we could add !

    • Trader Sab • 10/22/2019 #

      I am curious to try it how, however I get an error message for line 47 and 48 – drawsegment, whereas PRT has no issues with drawtext. Do you have any hints? Thank you!

  15. francis59 • 10/22/2019 #

    Bonjour, Bonjour,
    comment puis-je créer un screener basé sur cet indicateur, qui affiche les résultats chaque fois qu’un nouveau signe ▲ est créé.
    D’avance merci ! 🙂

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar

+11 more likes

Related users ' posts
roccafragius Hello Ivan, another great Indicator, very useful to trace the trend ( blue line) and the pos...
Fgats Ivan can you please explain a line of code that is puzzling me. This is line 37 . As I unde...
teshmi9z Hola, ¿es posible detectar cuándo el precio regresa a la zona del 61 al 88 % de Fibonacci y,...
NEOMKEY Magnífico !!!. Al menos para mí. Gran trabajo con tus aportes Iván. Mira a ver si le incluye...
Iván jajaja gracias :)
oliTR Very good Iván ! However what would be the modification to add to the code in order to dis...
Iván
7 months ago
Iván I personally like it in daily timeframe
oliTR Many thanks Ivan, I copy/paste your code to try it but could only get a constant stable unif...
Iván Hi, I've copied the code above and it works... what asset are you trying? $indices array ...
Razz Bonjour Je pense que votre indicateur est très bon. Serait-il possible d'afficher la heatma...
philippe59139 if marketEtHeamap=1 then drawtext("#touch#",barindex+10,checkprice,SansSerif,Standard,10) c...
philippe59139 voici pour toi RAZZ il te faut simplement ajouter les drawtext https://www.prorealcode.com...
philippe59139 Bravo super travail
gidien
9 months ago
gidien Thanks for the hint. I think i know now, why this happen. The "settings" block was added by ...
LucasBest Thank you for sharing your work, both original and very disconcerting. When I went through t...
gidien Hello LucasBest, thanks for your comment. Point 1: Yes your are right. The Zigzag ve...
JS
1 year ago
steffen_burat Hello Nicolas, I have a cumulative histogram update problem, the indicator often updates ...
taklause Hello Nicolas, if I try to use your indicator in a trading system, the error on prc pops up ...
Gio56 Bonjour Nicolas J'ai le meme souci que steffen , l'indicateur ne cumule qu'après avoir redé...
jonpt88 hI . THIS LOOKS GOOD. Thanks. Just one doubt: is this kind of impulse indicator - does it sh...
effegi
2 years ago
effegi A good alternative solution, even I had thought of the variant that uses high and low (proba...
Seb did you automate that 1-2-3 strategy? how is that working for you?
effegi Not yet, I'm busy developing other strategies/indicators at the moment, but it's on my to-do...
Rafa Hi Nicolas! I can´t install this indicator. it installs in a separate window not as an av...
Nicolas Add it on the price, see how: https://www.prorealcode.com/blog/video-tutorials/how-to-add-an...
Frankyslo1 No consigo instalarlo en el precio en PRL-version 10
Khaled As this section of the forum is in English, I'll reply in English. I'm using PRT v11, so I d...
sal157011 Don't understand where it says: "Volume Pressure Histogram: Columns plotted in positive are ...
Khaled Not sure to understand the question. However, the columns (Histogram) represent the variable...
Alai-n Cela fonctionne très bien !!! Super Merci
andreabarbuscia Ciao Nicolas, molto bello questo indicatore, l'ho apprezzato molto. Lo sto testando insieme...
Alai-n Je poste ici un lien afin de mieux appréhender le CVD-Cumulative Volume Delta : https://www....
Nicolas
2 years ago
DELBERT Bonsoir , Nicolas , j'ai transféré votre indicateur sur ma PRT 10,3 et j'ai un méssage d'ére...
Nicolas Vous pouvez essayer en remplacant la ligne avec: vwapsd = sqrt(average[lengthz](square(clo...
DELBERT Bonsoir , merci Nicolas , a bientôt .
smp I also have an End Of Day (EOD) cash pivot indicator for use on cash markets; this indicator...

Top