OPEN-SOURCE SCRIPT
EBP + Fib
This indicator automatically detects bullish and bearish EBP candles, highlights them visually, and generates an inverted Fibonacci framework used to plan continuation trades with precision.
🔍 What This Indicator Does
This tool fully automates the EBP workflow:
1. Detects Bullish & Bearish EBP Candles
2. Plots an Inverted Fibonacci Framework
Once an EBP candle forms, the script builds a custom inverted fib projection using the candle’s high/low as anchor points.
The levels used:
3. Clean Labeling & Custom Styling
You can customize:
Labels show the actual fib value for fast reference during execution.
4. Directional Bias Made Simple
The indicator colors EBP candles and displays fib levels that express the market’s expected path:
This makes bias extremely easy to read on any timeframe (1m → 4H → HTF).
5. Built-in Alerts
The indicator includes alert conditions for:
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📈 How Traders Use This Tool
This indicator is designed for traders who want a clean, systematic framework for trading EBP-based continuation setups.
Common execution models:
🔹 Bullish EBP
🔹 Bearish EBP
Mirror the process above.
This workflow is widely used in algorithmic price action, continuation models, and liquidity-based trading.
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✨ Ideal For
🔍 What This Indicator Does
This tool fully automates the EBP workflow:
1. Detects Bullish & Bearish EBP Candles
- Bullish EBP: price sweeps prior lows and closes strongly above the previous open/close.
- Bearish EBP: price sweeps prior highs and closes strongly below the previous open/close.
- EBP candles often serve as high-probability directional anchors, defining short-term and medium-term bias.
2. Plots an Inverted Fibonacci Framework
Once an EBP candle forms, the script builds a custom inverted fib projection using the candle’s high/low as anchor points.
The levels used:
- 1.0 – EBP extreme
- 0.75 / 0.65 / 0.50 / 0.25 / 0.0 – retracement levels
- -0.25 / -0.50 – continuation targets
3. Clean Labeling & Custom Styling
You can customize:
- Level colors
- Line weights & styles
- Label positions (left, middle, right)
- Label text size
- Vertical spacing (to separate labels from lines)
Labels show the actual fib value for fast reference during execution.
4. Directional Bias Made Simple
The indicator colors EBP candles and displays fib levels that express the market’s expected path:
- Bullish: price is expected to retrace into 0.50–0.65, hold above the 1.0 extreme, and extend toward negative extensions.
- Bearish: identical logic mirrored downward.
This makes bias extremely easy to read on any timeframe (1m → 4H → HTF).
5. Built-in Alerts
The indicator includes alert conditions for:
- Bullish EBP detected
- Bearish EBP detected
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📈 How Traders Use This Tool
This indicator is designed for traders who want a clean, systematic framework for trading EBP-based continuation setups.
Common execution models:
🔹 Bullish EBP
- A 1H or 4H bullish EBP forms → bullish bias.
- Wait for price to retrace into the 0.65 or 0.50 level.
- Look for lower-timeframe confirmation (BOS, sweep + reclaim).
- Target 0, -0.25, or -0.50.
🔹 Bearish EBP
Mirror the process above.
This workflow is widely used in algorithmic price action, continuation models, and liquidity-based trading.
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✨ Ideal For
- Liquidity-based traders
- Smart money / ICT-fluent traders
- Continuation model traders
- Systematic backtesters
- Intraday ES/NQ/MNQ/MES traders
- Crypto scalpers using HTF bias
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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。