Black Tie Fibonacci

Oct 27, 2024

This indicator plots Yesterday’s, Last Week’s, or Last Month’s Open/Close/High/Low levels, plus Fibonacci retracements and the Optimal Trade Entry (OTE) zone. It includes alerts for each key level, making it perfect for trading reactions on lower timeframes (15m-5m).

The goal of all my indicators is to save you time on manual charting—because making money shouldn’t mean being glued to a screen.

Hope you enjoy it,

Jan 20

Release Notes

This update adds dynamic bias determination based on a selectable timeframe (`bias_tf`), comparing current price levels (high, low, open, close) to the previous day's range. It also introduces a customizable table to display the current bias (bullish, bearish, or neutral) directly on the chart.

Jan 20

Release Notes

Added some clarifications for the bias for more precision:

- Bullish (Breakout Above Yesterday's High)
- Bearish (Rejection at High)
- Bearish (Breakout Below Yesterday's Low)
- Bullish (Bounce at Low)
- Neutral (Within Yesterday's High and Low)

7 days ago

Release Notes

The Bias determination now also considers the Close, which gives you better insights than just considering the price action "Neutral" when it's still within Yesterday's High/Low.

6 days ago

Release Notes

Improved bias detection.

3 days ago

Release Notes

Black Tie Fibonacci now includes also Bias Change Alerts. Right-click on the indicator, select "Add Alert" and then "Bias Change".

3 days ago

Release Notes

Improved Bias Logic.

3 days ago

Release Notes

All scenarios/biases have been updated. The indicator now classifies price action into 18 distinct scenarios:

1) Strong Bullish Breakout
Bullish candle body crossing above Yesterday's High, indicating strong upward momentum.

2) Strong Bearish Breakout
Bearish candle body crossing below Yesterday's Low, indicating strong downward momentum.

3) Bullish with Resistance at Yesterday's Close (Weaker Bullish Potential)
Bullish candle with wick below Yesterday's Low and Close below Yesterday's Close.

4) Bullish with Support at Yesterday's Close (Moderate Bullish Potential)
Bullish candle with wick below Yesterday's Close and Close above Yesterday's Close, without touching Yesterday's High.

5) Bearish with Support at Yesterday's Close (Weaker Bearish Potential)
Bearish candle with wick above Yesterday's High and Close above Yesterday's Close.

6) Bearish Rejection (Stronger Bearish Potential)
Bearish candle with wick above Yesterday's High and Close below Yesterday's Close.

7) Bearish Rejection (Weaker Bullish Potential)
Bearish candle with wick below Yesterday's Low and Close below Yesterday's Close.

8) Bearish Rejection (Stronger Bullish Potential)
Bearish candle with wick below Yesterday's Low and Close above Yesterday's Close.

9) Bullish Rejection (Weaker Bearish Potential)
Bullish candle with wick above Yesterday's High and Close above Yesterday's Close.

10) Bullish Rejection (Stronger Bearish Potential)
Bullish candle with wick above Yesterday's High and Close below Yesterday's Close.

11) Neutral Bullish (Weaker Bullish Potential)
Bullish candle with wick above Yesterday's High and Close above Yesterday's Close, within Yesterday's Low and Yesterday's Close.

12) Neutral Bullish (Stronger Bullish Potential)
Bullish candle within Yesterday's Close and Yesterday's High, not touching any of the lines.

13) Neutral Bearish (Stronger Bearish Potential)
Bearish candle within Yesterday's Low and Yesterday's Close, not touching any of the lines.

14) Neutral Bearish (Weaker Bearish Potential)
Bearish candle within Yesterday's Close and Yesterday's High, not touching any of the lines.

15) Bullish Break (Moderate Bullish Potential)
Bullish candle crossing Yesterday's Close, but not touching Yesterday's Low or High.

16) Bearish Break (Moderate Bearish Potential)
Bearish candle crossing Yesterday's Close, but not touching Yesterday's High or Low.

17) Bullish with Support at Yesterday's Close (Moderate Bullish Potential)
Bullish candle body between Yesterday's High and Yesterday's Close, with wick below Yesterday's Close but without touching Yesterday's Low.

18) Bearish with Resistance at Yesterday's Close (Moderate Bearish Potential)
Bearish candle body between Yesterday's Low and Yesterday's Close, with wick above Yesterday's Close but without touching Yesterday's High.

I hope you like it!

3 days ago

Release Notes

Just minor updates of the code.

3 days ago

Release Notes

Minor update to make the bias consistent when you switch timeframes.

3 days ago

Release Notes

Code details.