FibBand, Perfect Trendline Trader and Target System

So, Dear Friends, I am open-sourcing one of my scripts which I created as a thesis project,
The Auto Trader System is a Scalping Tool, to be used mostly in intraday Setups!!
and is designed using,

1. Fibonacci Bands
Fibo Bands are Calculated by defining dynamic Fibonacci Pivots Lines over a history of Lookup values (Default is 89 periods lookback),
The bands help in identifying the Target Points for the setup

2. Perfect TrendLine Setup
The script uses PTS, as a filter to define the optimum entry and exit points

Which timeframe it works for ?
Works for Any Time Frame, but Intraday setups are good!

Who is this System for ?
Beginner and Intermediate Traders

Provision For Alerts
The Script has provision for both long and short alerts!!


Get Quality Free-mium Indicators (
On Scripts Section of myProfile

About me
I Wake Trade Eat Sleep Daily!
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 a publication is governed by House Rules. You can favorite it to use it on a chart.


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.

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