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 • 302 days ago #

      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
TACBOLSA
5 years ago
dario ti please can you help me to understand? i know i am wrong: Long Histogram = High Volume S...
TAC Bolsa hi, I have already seen the problem and requested that it be removed until an adequate so...
sixeight Hey TAC, Did you ever find a solution to this?
Vinks_o_7 b=close > low and volume > high How can we compare volume and high of the day? (orang...
TAC Bolsa If to understand something you resort to compare Oranges and bananas. You go bad, Without e...
giumagi good morning Sir, great job your indicators! How can I reach your website or blog? please..t...
Gianluca THANK YOU!!!!!
JOSEBA que relaccion tiene la numeración de las barras del 1 al 10 que tiene cada número Tengo dos...
marcov66 Hi, it seems a very useful indicator. Unfortunately the link here for the full explanation d...
TACBOLSA Discontinued indicator. we are sorry.
Azzuerus Bonjour, je teste et j'utilise vos indicateurs depuis plusieurs années, et ils me sont dev...
bremze33 Another thing. Is it possible to make the graph lines a little thicker and not so long? Be...
giumagi Hi Sir, very good job done with this indicator, May I ask you to explain what is the line VW...
pmdr1969 Hola soy nuevo en en esto. ¿Hay algo parecido pero pudiendo tu elegir las velas a a analizar...
datageek How do I change the thickness of the line or change it too dashed lines? Kind regards
lkiklkik NE fonctionne pas ( ou plus ... )
Nicolas il faut modifier toutes les références à top par itop et bottom par ibottom. Ces mots étant ...
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
Nicolas Good job Gabri, I confirm that with the new ProRealTime v11, everyone will be able to use in...
Slowlyslowly can u just help me with the exact definition of percbox , mm and period to understand will a...
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...
Real Pro Great work gabri. I have this coded on Amibroker and I have done lots of backtesting but ne...
gabri Hi Real Pro, this indicator assists novices of the Wyckoff system. Wyckoff himself thought t...
tatie hi Gabri, I just came across the wyckoff method and was looking for the weiss wave indica...
Nicolas
5 years ago
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...
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...
Jesper Great share!
teddy58 Ich habe es mit N= 1,5 und N=2,5 getestet mit 200000 Einheiten. Es funktioniert leider erst ...
Matriciel I use this indicator to help me make a decision when there is a divergence. The divergences ...
Jan Wind Hi, I personnaly am not a big fan of ZIGZAG indicator, as it repaints itself during time. ...
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.
eckaw Hi Nicolas, I'm using this indicator when there is confluence over 3 different timeframes (5...
Nicolas Yes it is indeed possible. Create a topic in the screener forum and explain what you need an...
KyleReed i've been using this for a few days now and it's really helped me a lot in timing the execut...

Top