PROTECTED SOURCE SCRIPT
已更新

Peters Fibs Indicator

168
Peters Fibs Indicator helps you find great spots to enter trades, set stop-losses, and take profits using Fibonacci levels. It spots important price swings (highs and lows) and draws key levels on your chart to guide your trading decisions. Here's how it works in simple terms:

1-Finds Swings: It looks at recent price action to spot major highs ("H") and lows ("L") on your chart.

2-Draws Fibonacci Levels: Uses these swings to mark three key levels:
Entry (default at 61.8%): Where you might jump into a trade.
Stop-Loss (default at 79%): Where to cut losses if the trade goes wrong.
Take-Profit (default at 14.6% and -0.236) : Where to lock in profits.

3-Shows Trade Signals: Alerts you when the price hits the entry level, so you know it's time to act.

How to Tweak It for Different Timeframes
You can adjust the indicator to work for fast-paced or slower trading styles by changing a few settings:

*Fast Charts (e.g., 5-minute or 15-minute):
Swing Length: Set to 5-10 to catch quick price swings.
Minimum Bars Between Swings: Use 5-10 to allow swings close together.


*Slower Charts (e.g., 1-hour or 4-hour):
Swing Length: Bump up to 20-50 to focus on bigger, more important swings.
Minimum Bars Between Swings: Set to 15-30 to space out swings for clearer signals.
發行說明
Just did some visual updates
發行說明
Did some adjustment to Swing high and low detection default setting are for H1 and H4 if you want to use it for lower time frame i suggest lowering it 15 or so until you see the correction detection of the Swing high and low
發行說明
Done some changes :

Swing detection made more simple you can adjust the Swing length input for more accurate detection the higher the number the higher the time frame and vise versa.

Added more 2 take profit points

Added a watchlist box if you have a couple of tickers you are waiting for them to hit entry you can add them to the watchlist which tells you if it reached the entry level on HTF or LTF



發行說明
Did more tweaking to the swing detection.
發行說明
DID SOME UPDATES TO THE SCANNER BOX

免責聲明

這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。