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Fibonacci Levels Based on Supertrend [By MUQWISHI]

A “Fibonacci Levels Based on Supertrend” indicator is supertrend indicator planned with Fibonacci retracements levels. Fibonacci retracements provides a sequence of levels starting from 0% to 100% in addition to extension levels. 0% is measured to be the initial Supertrend line, and 100% is the previous Supertrend line where it has been broken by candle. This tool could be valuable in terms of managing trades by setting targets and reducing the risk in the trend direction.

█ OVERVIEW

█ INDICATOR SETTINGS

Please let me know if you have any questions.
Thank you.

Catatan Rilis

UPDATES:

Code Optimization.
Added a brief historical run-up statistics table that contains

1. The percentage of trades with max run-up corresponding with each Fibonacci level over historical trades.
2. Total historical trades.
3. Median Fibonacci Level over historical trades.
4. Mean Fibonacci Level over historical trades.

Thank you

MUQWISHI

Trusted Pine Programmer, For Coding Inquiries
► Send a message.
► Telegram t.me/MUQWISHI

⛾ Support My Work on “Buy Me a Coffee” buymeacoffee.com/muqwishi

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Pernyataan Penyangkalan

Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.

MUQWISHI

Trusted Pine Programmer, For Coding Inquiries
► Send a message.
► Telegram t.me/MUQWISHI

⛾ Support My Work on “Buy Me a Coffee” buymeacoffee.com/muqwishi

Juga di: