OPEN-SOURCE SCRIPT

COG Fibs [LazyBear]

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Made the lines invisible by default. One can see the values by going through settings
Versionshinweise


This script, named "COG Fibs [LazyBear]", is a custom TradingView script that uses the centre of gravity (COG) concept and Fibonacci multipliers to generate a series of potential support and resistance bands around a midpoint moving average.

The core idea of this script is to plot various bands above and below the midpoint moving average, which is calculated based on the user-specified period. The bands are determined by adding or subtracting a dynamically calculated average true range (ATR) value, which is multiplied by different Fibonacci ratios from the midpoint.

These Fibonacci bands are potential support and resistance levels, indicating price volatility and possible reversal points. When the price crosses these bands, it could signal a trading opportunity.

The script also alerts users when the price crosses any of these Fibonacci bands. This feature can help traders in decision-making by alerting them to significant price movements. Traders can tailor the alerts to suit their trading strategy and risk tolerance.

Please note that this tool should be used in conjunction with other technical analysis tools and not in isolation to make trading decisions. Trading involves risk, and it's recommended to use proper risk management.

LazyBear initially wrote this script, and this version contains modifications to the original script, including alerts. LazyBear's contribution to the TradingView community through such efficient scripts is highly appreciated.
joybanglaOscillators

Open-source Skript

Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun das Script auch andere Trader verstehen und prüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden. Die Nutzung dieses Codes in einer Veröffentlichung wird in unseren Hausregeln reguliert. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?


For guides on how to use the Aladdin indicator or how to buy it, please check joy-bangla.gitbook.io/aladdin/
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