Fib Divergence System — Indicator by revanchdg

TradingView

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volatility trendanalysis movingaverage divergence buysignal sellsignal

Combo of many useful indicators which includes fib lines, time and money channels and divergence buy sell signals

Credits for source code:
Scarf, Lazybear, 100kiwi

Release Notes: Added UCS regression curve

Comments

Thank you !
what means the P ?
thanks

fabienben

@fabienben, Divergennce

revanchdg

@revanchdg, could you explain it more specific ?

Nice work. It is very useful when the support and resistance levels are very distant. When the market is ranging it is pretty hard to get true signals of the code. In every time frame it works. but one should wait for confirmation candle of course. Well done!

Hello @revanchdg
Congratulations you have done an excellent work, however I have observed that Fibonacci lines are not drawn in timeframes greater than 1 week.
This occurs when the graph has fewer bars than indicated by the len variable (Period = 200 by default).
A fix for this is to enter the following code for Pine Script version 4.

//Fiblines
len = input(title = "Period", type = input.integer, defval =200)

length = len > bar_index + 1 ? bar_index + 1 : len

srcHigh = highest(high, length)
srcLow = lowest(low, length)
diff = srcHigh - srcLow

line0000 = srcLow

For users who do not know how to code, it would be very helpful if you could release a new version with this fix.
One more time, many thanks for your work.
Regards,

The red and green arrows repaint. Appear and disappear. The script is very useful though. All in all...good work.

REally nice job indeed ! Would it be possible to add the option INVERSE ? to get the fibs inversed for the downtrend ?

What a big work. I am a beginner in swing trading, could you please name the indicators you used to determine the lines and buy/sell signals? I would like to add the indicators manually and analyze them by my self.

nice one tools bro.

Greeting!

Does this script repaint?