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Fibonacci Pivot Oscillator
FIB PIVOT OSCILLATOR - Price Position Indicator
See exactly WHERE your price sits between Fibonacci pivot levels. This oscillator normalizes price position relative to classic Pivot Points, giving you a clear view of market structure.
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📊 WHAT DOES IT DO?
Instead of cluttering your chart with multiple pivot lines, this indicator displays a single oscillator showing WHERE price is within the pivot range. Instantly see if price is in support or resistance territory.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
⚙️ HOW IT WORKS
1. Calculates Standard Pivot Point from previous period:
Pivot = (High + Low + Close) / 3
2. Applies Fibonacci ratios to determine Support/Resistance levels:
• R1/S1 = Pivot ± (Range × 38.2%)
• R2/S2 = Pivot ± (Range × 61.8%)
• R3/S3 = Pivot ± (Range × 100%)
3. Normalizes current price position on a fixed scale:
• +100 = Price at R3 (100% Fib extension)
• +61.8 = Price at R2
• +38.2 = Price at R1
• 0 = Price at Pivot Point
• -38.2 = Price at S1
• -61.8 = Price at S2
• -100 = Price at S3
4. Adds a 9-period EMA signal line for momentum confirmation
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🎯 SIGNALS
- BUY: Price crosses ABOVE the Pivot (oscillator crosses above 0)
- SELL: Price crosses BELOW the Pivot (oscillator crosses below 0)
- Optional: Display all Fibonacci level crossings
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
📈 HOW TO USE
- Oscillator > 0 → Price in RESISTANCE zone (bullish bias)
- Oscillator < 0 → Price in SUPPORT zone (bearish bias)
- Extreme values (±100) → Price at major Fib levels, watch for reversals
- Histogram color intensity reflects momentum strength
- Use signal line crossovers for additional confirmation
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
⚙️ SETTINGS
- Period: Daily, Weekly, or Monthly pivot calculation
- Display: Toggle histogram, position line, zones, info table
- Signals: Show/hide BUY/SELL and secondary Fib crossings
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔔 ALERTS INCLUDED
- Pivot crossover (main BUY/SELL)
- R1, R2, R3 breakouts
- S1, S2, S3 breakdowns
See exactly WHERE your price sits between Fibonacci pivot levels. This oscillator normalizes price position relative to classic Pivot Points, giving you a clear view of market structure.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
📊 WHAT DOES IT DO?
Instead of cluttering your chart with multiple pivot lines, this indicator displays a single oscillator showing WHERE price is within the pivot range. Instantly see if price is in support or resistance territory.
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
⚙️ HOW IT WORKS
1. Calculates Standard Pivot Point from previous period:
Pivot = (High + Low + Close) / 3
2. Applies Fibonacci ratios to determine Support/Resistance levels:
• R1/S1 = Pivot ± (Range × 38.2%)
• R2/S2 = Pivot ± (Range × 61.8%)
• R3/S3 = Pivot ± (Range × 100%)
3. Normalizes current price position on a fixed scale:
• +100 = Price at R3 (100% Fib extension)
• +61.8 = Price at R2
• +38.2 = Price at R1
• 0 = Price at Pivot Point
• -38.2 = Price at S1
• -61.8 = Price at S2
• -100 = Price at S3
4. Adds a 9-period EMA signal line for momentum confirmation
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🎯 SIGNALS
- BUY: Price crosses ABOVE the Pivot (oscillator crosses above 0)
- SELL: Price crosses BELOW the Pivot (oscillator crosses below 0)
- Optional: Display all Fibonacci level crossings
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
📈 HOW TO USE
- Oscillator > 0 → Price in RESISTANCE zone (bullish bias)
- Oscillator < 0 → Price in SUPPORT zone (bearish bias)
- Extreme values (±100) → Price at major Fib levels, watch for reversals
- Histogram color intensity reflects momentum strength
- Use signal line crossovers for additional confirmation
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
⚙️ SETTINGS
- Period: Daily, Weekly, or Monthly pivot calculation
- Display: Toggle histogram, position line, zones, info table
- Signals: Show/hide BUY/SELL and secondary Fib crossings
━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━
🔔 ALERTS INCLUDED
- Pivot crossover (main BUY/SELL)
- R1, R2, R3 breakouts
- S1, S2, S3 breakdowns
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。