OPEN-SOURCE SCRIPT
[Sapphire] Fibonacci Bollinger Bands Strategy (FiboBands)
The FiboBands Strategy is a combination of the Fibonacci Sequence and Bollinger Band.
My Bitcoin Futures Settings:
Fibonacci Buy - Fibo 1
Fibonacci Sell - Fibo 2
Rest is Default
- It uses the Fibonacci Sequence in place for the Bollinger Band values.
- The user can choose which band level they want to use as their long and short signals accordingly.
- The strategy has built in trade management settings so if you would like to have a predefined take profit and stop loss level as a percentage, you can use that.
- It also has a trading window you can filter to what time of day you want to see signals and backtest for, with the option to close the trade at the end of that session.
My Bitcoin Futures Settings:
Fibonacci Buy - Fibo 1
Fibonacci Sell - Fibo 2
Rest is Default
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Want to use this script on a chart?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.