Fibonacci — Trend Analysis — Indicators and Signals — TradingView (2024)

[KVA] Custom Sessions

Kamvia

Custom Sessions: Multi-Timeframe Analysis & Key Level Insights Introduction:Introducing " Custom Sessions," an innovative Pine Script indicator meticulously crafted to empower traders by offering an advanced level of analysis on various global trading sessions. This tool is designed not just to highlight trading sessions but to delve deeper into the nuances...

54

Fibonacci

Fibonacci was an Italian mathematician who came up with the Fibonacci numbers. They are extremely popular with technical analysts who trade the financial markets, since they can be applied to any timeframe. The most common kinds of Fibonacci levels are retracement levels and extension levels. Fibonacci retracement levels indicate levels to which the price could retrace before resuming the trend. It's a simple division of the vertical distance between a significant low and a significant high (or vice versa) into sections based on the key ratios of 23.6%, 38.2%, 50% and 61.8%.

Price tends to come back to these levels before continuing the predominant trend. Fibonacci extension levels indicate levels that the price could reach after an initial swing and retracement. TradingView has a smart drawing tool for Fibonacci retracements and one for Fibonacci extensions that allow users to visually identify these levels on a chart. Both tools are fully customizable and levels can be changed or added.

Zigzag Fibonacci Golden Zone [UAlgo]

UAlgoUpdated

🔶 Description: The "Zigzag Fibonacci Golden Zone" aims to identify potential trend pullback points by utilizing a combination of zigzag patterns and Fibonacci "Golden Zone (0.618 - 0.786)" retracement levels. It plots zigzag lines on the price chart, highlighting significant swing highs and swing lows, and overlays Fibonacci retracement levels to indicate...

464

16

Automatic Fibonacci Retracement Golden Pocket (GP)

patrik1470Updated

Main info This script automatically draws you the Fibonacci retracement level called golden pocket from the latest detected pivot point to the actual price. This level is very popular among traders because the price tends to reverse on this level pretty often. You should use this on higher timeframes 15m+. It is good to keep in mind that this level alone is not...

342

13

Fibonacci Golden Wave | Flux Charts

fluxchart

💎 GENERAL OVERVIEW Introducing the new Fibonacci Golden Wave indicator! This indicator plots the Fibonacci golden zone from the last highs / lows instead of the pivots so that the resulting zone is shaped like a "wave". We believe this will help you to see the latest trend of the Fibonacci retracement levels easier. For more information of the working progress of...

Intraday Fibonacci Levels [Gorb]

GorbAlgo

Welcome to the Intraday Fibonacci Levels indicator, a dynamic and customizable tool designed for traders who incorporate Fibonacci retracements and extensions into their technical analysis. This indicator focuses on intraday price action, allowing you to select a specific candle from any trading session and visualize crucial Fibonacci levels derived from its...

114

Fibonacci Timing Pattern II

Sofien-Kaabar

The Fibonacci Timing Pattern II is a price-based counter that seeks to determine medium-term reversals in price action. It is based on the following set of conditions:* For a bullish Fibonacci timing signal II: The current close must be lower than the close prices from one and two periods ago. Simultaneously, the close price from two periods ago must be lower...

327

1

Auto Fibonacci Retracement // Atilla Yurtseven

AtillaYurtseven

Overview: This Pine Script™ is a specialized tool for traders, designed to automatically plot Fibonacci retracement levels over a user-defined date range in trading charts. It also indicates the extent of price retracement within these levels. Key Features: Date Range Customization: Users can specify the start and end dates to focus the analysis on a...

385

11

Order Blocks W/ Realtime Fibs [QuantVue]

QuantVue

The "Order Blocks W/ Realtime Fibs" indicator is a comprehensive tool combining the concepts of order blocks with Fibonacci retracement. The combination can be a powerful tool for identifying entry and exit points, and potential target areas. Order blocks indicate where major players have likely placed their orders, while Fibonacci levels provide a mathematical...

1793

25

Session Fibonacci Levels [QuantVue]

QuantVue

The "Session Fibonacci Levels" indicator is a powerful tool designed for traders who aim to use Fibonacci retracement and extension levels in their trading strategy. The indicator combines Fibonacci levels with customized trading sessions, allowing traders to observe and utilize Fibonacci levels that are automatically calculated for each defined session. This...

257

4

ZigZag++ Fibonacci

DevLucem

Auto Fibonacci tools are powerful ways designed to simplify your technical analysis by automatically drawing Fibonacci retracement and extension levels on your chart. This indicator is built to enhance your trading experience with clearer market moves and informative insights.You can easily spot your waves and patterns when the percentages are moving with you....

783

13

Fibonacci Ranges (Real-Time) [LuxAlgo]

LuxAlgoWizard

The "Fibonacci Ranges" indicator combines Fibonacci ratio-derived ranges (channels), together with a Fibonacci pattern of the latest swing high/low.🔶 USAGE The indicator draws real-time ranges based on Fibonacci ratios as well as retracements. Breakouts from a Fibonacci Channel are also indicated by labels, indicating a potential reversal. Each...

3605

20

Fibonacci Oscillator (Expo)

Zeiierman

█ Overview The Fibonacci Oscillator is a multi-faceted oscillator designed to provide traders with a comprehensive understanding of market trends and retracement points. Built on the Fibonacci ratios, it combines the functionalities of popular oscillators like RSI and MACD with unique insights into the market structure. This oscillator not only helps identify...

758

9

Fibonacci Trailing Stop [LuxAlgo]

LuxAlgoWizard

The Fibonacci Trailing Stop indicator creates a Trailing Stop, based on Fibonacci levels which are retrieved from the latest swing high & low . This provides a Trailing Stop-line .🔶 USAGE The Fibonacci Trailing Stop can indicate the current trend direction. Shadows can also provide potential support/resistance areas. Users can also...

1531

13

Fibonacci Trading

inno14Updated

Fibonacci TradingThis simple script draw Fibonacci Retracement to define pullback level and draw Fibonacci Extension to define target level of a upward wave or doward wave1. Upward wave1.1 Fibonacci Retracement+ Fibonacci Retracement measuare from support to nearest resistance on the right.+ Retracement Level 0 named as "Breake Even"+ Retracement Level 100...

450

19

Zeiierman

█ Overview The Fibonacci Structure & Trend Channel (Expo) is designed to identify trend direction and potential reversal levels and offer insights into price structure based on Fibonacci ratios. The algorithm plots a Fibonacci channel, making it easier for traders to identify potential retracement points. Additionally, the Fibonacci market structure is plotted...

1509

20

High/Low Fibs using Bullish Anchors

thebearfibUpdated

I do Love me some fibs!! i used a lot of 30 min Opening Range Fibs for interday trading, but have found that using more bars back can make for stronger levels just like when we use higher time frame to see support & resistant levels.You can just find high and lows for making an easy auto draw fib retracment, I think you will find these to be fairly accurate or...

128

4

FVG w/ Fibs [QuantVue]

QuantVue

The "FVG w/ Fibs" indicator is a trading tool designed to identify and visualize Fair Value Gaps (FVGs) while overlaying two Fibonacci retracement levels.• Bullish FVG: Occurs when the low of the current bar is higher than the high of two bars ago, and the previous close is higher than the high of two bars ago.• Bearish FVG: Occurs when the high of the...

666

10

Auto Fibonacci Levels [MisterMoTA]

MisterMoTAUpdated

Using Auto Fibonacci Levels indicator users can find automatically Fibonacci Extension points where price can go after a period of consolidation (sideways or can find points for support/resistance on retracement levels that can be displayed for any defined range.The script is different from others by letting users to define a consolidation range, user can...

306

22

Fibonacci — Trend Analysis — Indicators and Signals — TradingView (2024)

FAQs

Which indicator works best with Fibonacci retracement? ›

The MACD is one of the most widely used technical analysis oscillators and can confirm almost perfectly the Fibonacci Retracement levels.

How accurate is the Fibonacci indicator? ›

How Accurate Are Fibonacci Retracements? Some experts believe that Fibonacci retracements can forecast about 70% of market movements, especially when a specific price point is predicted. However, some critics say that these are levels of psychological comfort rather than hard resistance levels.

What is the best time frame for Fibonacci retracement? ›

22.6%, 38.2%, 50%, 61.8% and 78.6% are the most popular and officially used retracement levels. The best time frame to identify Fibonacci retracements is a 30-to-60-minute candlestick chart, as it allows you to focus on the daily market swings at regular intervals.

How to master Fibonacci retracement? ›

We can create Fibonacci retracements by taking a peak and trough (or two extreme points) on a chart and dividing the vertical distance by the above key Fibonacci ratios. Once these trading patterns​ are identified, horizontal lines can be drawn and then used to identify possible support and resistance levels.

What is the golden ratio in Fibonacci retracement? ›

The basis of the "golden" Fibonacci ratio of 61.8% comes from dividing a number in the Fibonacci series by the number that follows it. For example, 89/144 = 0.6180. The 38.2% ratio is derived from dividing a number in the Fibonacci series by the number two places to the right. For example: 89/233 = 0.3819.

Do professional traders use Fibonacci? ›

This is one of the most used indicators in technical analysis, which even professional traders cannot afford to use. In this article, we will tell you how to use the Fibonacci retracement to increase your chances of making a profit in trading.

Which is the most disadvantage for the Fibonacci method? ›

Disadvantages of Fibonacci Search:
  • Limited Applicability: Fibonacci search is only applicable to sorted arrays. ...
  • Complex Calculation: The calculation of Fibonacci numbers can be computationally expensive, especially for large values of n. ...
  • Recursion Overhead: Fibonacci search uses recursion to find the target element.
Feb 12, 2024

What is the best Fibonacci setup? ›

The most popular Fibonacci retracements are 61.8% and 38.2%. Note that 38.2% is often rounded to 38%, and 61.8 is rounded to 62%.

What is the golden pocket in Fibonacci Tradingview? ›

Golden Pocket This marks up the fibonacci retracement levels of 0.65 and 0.618 by default, these levels are often referred to as the golden pocket. They are known by this because when price has an impulse either to the up or downside, price will end up retracing at some point.

What is Fibonacci's trading strategy? ›

The Fibonacci retracement strategy helps traders pinpoint potential support and resistance levels, which are crucial for determining price movements and setting entry and exit points. For example, if a stock is trending upwards and pulls back to a key Fibonacci level, it may signal a potential buying opportunity.

What is the shortcut for Fibonacci retracement in Tradingview? ›

Indicators and drawings​
ActionShortcut
Draw Cross lineAlt + C
Draw Fib retracementAlt + F
Draw RectangleAlt + Shift + R
Draw SquareRectangle + Shift
19 more rows

What is the golden zone in Fibonacci retracement? ›

Golden Zone Fibonacci Trading Strategy in Detail

The Golden Zone, found between the 61.8% and 50% retracement levels, is where price movements are keenly watched for signs of stabilization or a shift in trajectory.

What are the best settings for auto Fibonacci retracement? ›

The most commonly used ratios include 23.6%, 38.2%, 50%, 61.8%, and 78.6%. These levels should not be relied on exclusively, so it is dangerous to assume that the price will reverse after hitting a specific Fibonacci level.

Does Fibonacci retracement work on all timeframes? ›

Fibonacci retracements can be used on a variety of timeframes. However, they are more effective on somewhat longer timeframes, such as a weekly chart vs. a 30-minute chart.

What is the best zone for Fibonacci retracement? ›

The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low.

How to draw accurate Fibonacci retracement? ›

How to draw Fibonacci retracement levels
  1. Identify the major high/low. Looking at the GBP/USD Daily chart below, it is obvious which two points we should connect.
  2. Connect the two points (major high/low). ...
  3. Utilise the Fibonacci levels as support/resistance.

What is the correct use of Fibonacci retracement? ›

Traders use Fibonacci retracement levels to identify potential support and resistance levels where an asset's price may find a floor or ceiling after a significant move up or down. Fibonacci extensions can be used to project potential profit targets by applying the Fibonacci ratios to the previous price swing.

Top Articles
Latest Posts
Article information

Author: Margart Wisoky

Last Updated:

Views: 6472

Rating: 4.8 / 5 (78 voted)

Reviews: 85% of readers found this page helpful

Author information

Name: Margart Wisoky

Birthday: 1993-05-13

Address: 2113 Abernathy Knoll, New Tamerafurt, CT 66893-2169

Phone: +25815234346805

Job: Central Developer

Hobby: Machining, Pottery, Rafting, Cosplaying, Jogging, Taekwondo, Scouting

Introduction: My name is Margart Wisoky, I am a gorgeous, shiny, successful, beautiful, adventurous, excited, pleasant person who loves writing and wants to share my knowledge and understanding with you.