QuantNomad

Rolling Fibonacci Pivot Points [QuantNomad]

Standard Fibonacci Pivot Points are calculated from the previous day (or another period) close/low/high. But what is the day close for cryptocurrencies trading 24/7 on exchange? Does it make sense to use a specific time price as a close if it continue trading after that?

So I decided to solve that issue with Rolling Fibonacci Pivot Points where I calculate pivot points not at the end of the period but for every bar. Every time recalculating pivot points I look at a window of period length in bars and base my calculations on these bars. This way you get smooth pivot points changing with every bar and it seems like levels might be really nice support and resistance for the price.

I implemented 6 periods: Auto, Day, Week, Month, Quarter, Year. For the Auto period, I select the most suitable period for the timeframe of your chart.

On the chart, you can see by default 7 levels plotted:

  • PPPivot Point
  • S1 – Support on 0.382 fib level
  • S2 – Support on 0.618 fib level
  • S3 – Support on 1.000 fib level
  • R1 – Resistance on 0.382 fib level
  • R2 – Resistance on 0.618 fib level
  • R3 – Resistance on 1.000 fib level

Also in parameters you can display additional midpoints:

  • S0.5 – Support on 0.236 fib level
  • S1.5 – Support on 0.500 fib level
  • S2.5 – Support on 0.786 fib level
  • R0.5 – Resistance on 0.236 fib level
  • R1.5 – Resistance on 0.500 fib level
  • R2.5 – Resistance on 0.786 fib level

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It's a pro indicator, you can have access to it for a small fee. Link to my PRO indicators you can find in my signature.

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Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and the script don’t provide any financial advice.
Versionshinweise: To request access to this indicator - follow the link in my signature on PM me.
Versionshinweise: Small fixed to charting
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Der Zugriff auf dieses Skript ist auf vom Autor autorisierte User beschränkt und normalerweise kostenpflichtig. Sie können es zu Ihren Favoriten hinzufügen, aber Sie können es nur verwenden, nachdem Sie die Erlaubnis angefordert und vom Autor erhalten haben. Kontaktieren Sie QuantNomad für weitere Informationen oder folgen Sie den Anweisungen des Autors unten.

TradingView rät davon ab, für ein Skript zu bezahlen und es zu verwenden, bis Sie dem Autor zu 100% vertrauen und verstehen wie das Skript funktioniert. In vielen Fällen können Sie eine gute Open-Source-Alternative kostenlos in unserer öffentlichen Bibliothek finden.

Möchten Sie dieses Skript auf einem Chart verwenden?

Warnung: Bitte lesen Sie dies, bevor Sie Zugriff anfordern.

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Kommentare

This is just so smart; keep it up QuantNomad!
Antworten
hi
how much is the fee ?
is it a 1 time payment for life or a monthly basis ?

btw i love ur work sir, well done
Antworten
QuantNomad neeco666
@neeco666, Hi, it's a subscription. In my signature you will find links to all my pro indicators, you can find details there.
Antworten
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