INVITE-ONLY SCRIPT
已更新 Autofibonacci strategy [BrainyTrade]
Fibonacci is a method of analyzing financial markets based on the use of Fibonacci numbers. This method involves using support and resistance levels based on the golden ratio and the Fibonacci sequence to predict future price levels.
A Fibonacci chart for most traders means stretching point A to the very minimum and point B to the very maximum. Often no one can explain why he does this.
Robert Fisher's book, New Fibonacci Trading Techniques, is one of those books that will help you understand the meaning of Fibonacci trading.
Each trend movement is subsequently associated with a correction. Based on my 6 years of trading and observing price movements in the market, I can conclude:
"The probability of correction in trends is more than 70%"
That is, on our side is the percentage of potential development of any movement in a trend.
Now we need to solve several questions:
1) How to determine a trend?
2) How to determine the correction?
3) How to determine the turning point of the correction and entry into the trend?
The indicator determines the correction based on the attenuation of the movement. When the market stops showing strong candles, he finds a second point to plot Fibonacci.
The first point is the result of the deepest correction point after the construction of the previous Fibonacci. That is why most often it will not be built from a visible level.
The indicator is based on a “correction standard”, which is more likely to work after a trend movement. In our case, these are levels 0.618-0.5. to determine potential price reversal zones. If the price rises or declines and reaches this level, you can consider it as a support zone. In this regard, when plotting with the Fibonaccia indicator, we can expect these values from the market.
The turning point of the correction occurs when all conditions are met:
1) Descent to zones 0.618-0.5 level,
2) Exit above level 0.
The tool determines the current trend depending on the previous worked fibonacci.
Every movement in the market is analyzed into impulses and corrections. In this concept, impulses represent directional price movements within the main trend, while corrective waves represent temporary deviations from the main direction of the trend.
The indicator reads all historical data and finds the current Fibonacci structure whose impulse was last found.
Important:
Sometimes fibonacci can be very small in size and that's okay. The indicator needs to read absolutely all movements and build levels there. The only question is: is it necessary to trade such small structures? I don't recommend it. Also, the levels 0.382 and 0.236 have been removed from the indicator, since they are not involved in decision-making and calculations.
Settings:
You can change the color of all elements that the indicator displays on the chart.
Application:
The indicator decides to enter a position strictly below the 0.5 extension level based on the candlestick pattern. You can place a grid of orders between 0.618 and 0.86, since they are the strongest support, and the gold levels 0.786-0.86 are a critical correction.
Closing of positions occurs after going beyond -0.618 and when a new impulse with correction is found. In this case, the Fibonacci is considered “spent” and is removed from the chart.
Gold levels (-0.18, -0.27) are often resistance, when approaching them it is better to be careful with positions
When we go beyond the 1st level, that is, the beginning of the impulse, we understand that the cyclicality of the market is being refracted, changes are occurring in the current price dynamics and we are considering opportunities for opening new positions. It is behind this level that the stop loss for previously acquired positions is located.
Examples:
The long Fibonacci structure implies that the trend is up and the image below is an example of a buy signal.
After some time and going beyond -0.618, the indicator found a new fibonacci and exited the old position, closing it with a market order
The image below shows a Fibonacci short with an entry point to sell the asset. You can notice that it is built in the opposite direction from the long one.
Good luck trader!
A Fibonacci chart for most traders means stretching point A to the very minimum and point B to the very maximum. Often no one can explain why he does this.
Robert Fisher's book, New Fibonacci Trading Techniques, is one of those books that will help you understand the meaning of Fibonacci trading.
Each trend movement is subsequently associated with a correction. Based on my 6 years of trading and observing price movements in the market, I can conclude:
"The probability of correction in trends is more than 70%"
That is, on our side is the percentage of potential development of any movement in a trend.
Now we need to solve several questions:
1) How to determine a trend?
2) How to determine the correction?
3) How to determine the turning point of the correction and entry into the trend?
The indicator determines the correction based on the attenuation of the movement. When the market stops showing strong candles, he finds a second point to plot Fibonacci.
The first point is the result of the deepest correction point after the construction of the previous Fibonacci. That is why most often it will not be built from a visible level.
The indicator is based on a “correction standard”, which is more likely to work after a trend movement. In our case, these are levels 0.618-0.5. to determine potential price reversal zones. If the price rises or declines and reaches this level, you can consider it as a support zone. In this regard, when plotting with the Fibonaccia indicator, we can expect these values from the market.
The turning point of the correction occurs when all conditions are met:
1) Descent to zones 0.618-0.5 level,
2) Exit above level 0.
The tool determines the current trend depending on the previous worked fibonacci.
Every movement in the market is analyzed into impulses and corrections. In this concept, impulses represent directional price movements within the main trend, while corrective waves represent temporary deviations from the main direction of the trend.
The indicator reads all historical data and finds the current Fibonacci structure whose impulse was last found.
Important:
Sometimes fibonacci can be very small in size and that's okay. The indicator needs to read absolutely all movements and build levels there. The only question is: is it necessary to trade such small structures? I don't recommend it. Also, the levels 0.382 and 0.236 have been removed from the indicator, since they are not involved in decision-making and calculations.
Settings:
You can change the color of all elements that the indicator displays on the chart.
Application:
The indicator decides to enter a position strictly below the 0.5 extension level based on the candlestick pattern. You can place a grid of orders between 0.618 and 0.86, since they are the strongest support, and the gold levels 0.786-0.86 are a critical correction.
Closing of positions occurs after going beyond -0.618 and when a new impulse with correction is found. In this case, the Fibonacci is considered “spent” and is removed from the chart.
Gold levels (-0.18, -0.27) are often resistance, when approaching them it is better to be careful with positions
When we go beyond the 1st level, that is, the beginning of the impulse, we understand that the cyclicality of the market is being refracted, changes are occurring in the current price dynamics and we are considering opportunities for opening new positions. It is behind this level that the stop loss for previously acquired positions is located.
Examples:
The long Fibonacci structure implies that the trend is up and the image below is an example of a buy signal.
After some time and going beyond -0.618, the indicator found a new fibonacci and exited the old position, closing it with a market order
The image below shows a Fibonacci short with an entry point to sell the asset. You can notice that it is built in the opposite direction from the long one.
Good luck trader!
發行說明
Added additional settings. Now you can remove any Fibonacci level or change its color.
發行說明
Fixed some visualization errors發行說明
New conditions have been added for market entry points. Now you can trade from resistance zones (-0.18, -0.27 level)You can decide for yourself which entry points to use.
發行說明
Fixing some bugs發行說明
Major update1) Filters have been redone in which the strategy closed open positions. Now open positions last much longer in a trend, and often a strategy can gain several positions in one direction over a long period of time, and fix everything at one moment.
Thus, the RM increases several times and creates fewer unnecessary movements.
2) Added countertrend line (testing)
She is not making any changes to the strategy's decision making at this time. Work is underway to successfully implement it into the trading strategy.
In the future it will serve as another entry point into the market.
3)Added new long/short settings
The classic use of this strategy is a two-way trading method. But there are situations where the trend is so strong that there is no point in displaying scalene fibonacci. Often they only hinder the trader.
Let’s say the upward trend in the chart below is extremely obvious, so only long Fibonacci is selected in the settings.
4)Icons with the names of the levels have been moved to the center for convenience.
Stay tuned for further updates. Good luck!
發行說明
Don't forget to check the box which Fibonacci you want to see on the chart depending on the trend. Both checked boxes will activate the standard trading system, as before.發行說明
Added a setting to hide the trend line and change its color. Will be hidden by default.
發行說明
corrections發行說明
Added line style settings for Fibonacci and trend lines發行說明
Adjustment發行說明
New entry points have been added to the trial trend line. You can turn them off along with the trend line發行說明
Some bugs have been fixed. Now you can select take profit for 18 and 61 zones.
發行說明
Some bugs fixed發行說明
Сorrections發行說明
bug fixes發行說明
Сorrections發行說明
Global update with a new section for passive earnings via API keys發行說明
Сorrections發行說明
Now the indicator has automatic trading via web hook. One button of automatic switching turns on everything at once. It is also possible to set up construction of only long/short. Red and green zones appeared and now the trend is visually visible.僅限邀請腳本
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除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
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To gain access, write in private messages
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
🚨Полные обзоры, обучающий материал, сопровождения и точки входа в телеграмме - t.me/Bralnytrade 🚨
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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。
僅限邀請腳本
只有經作者授權的使用者才能訪問此腳本，且通常需付費。您可以將此腳本加入收藏，但需先向作者申請並獲得許可後才能使用 — 點擊此處了解更多。如需更多詳情，請依照作者說明或直接聯繫BrainyInvestor。
除非您完全信任其作者並了解腳本的工作原理，否則TradingView不建議您付費或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
To gain access, write in private messages
提醒：在請求訪問權限之前，請閱讀僅限邀請腳本指南。
🚨Полные обзоры, обучающий материал, сопровождения и точки входа в телеграмме - t.me/Bralnytrade 🚨
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。