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:
PP – Pivot 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
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To request access to this indicator - follow the link in my signature on PM me.
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
QuantNomad
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@neeco666, Hi, it's a subscription. In my signature you will find links to all my pro indicators, you can find details there.
citiemonk
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Can i get trial access ?
FXvanillaFX
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Does not work, tried on multiple charts, time frames, candles. Slow response from the developer, probably better off taking the advice of the forum and don't spend money with people you don't know. There are so many free alternatives.
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