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OPEN-SOURCE SCRIPT

Multi Fib Volatility Stop

By nickbarcomb
Updated
A 7-band overlapping Fibonacci volatility stop. Select the start and multiplier and 6 increasing fibonacci bands will be overlayed to suggest areas of high probability buy/ sell opportunities.
Release Notes
+ Labels to plots
+ Arrow indicators for changes in direction (with tolerance input)
Release Notes
~ Updated the default Arrow Tolerance to 3 (seems more helpful / accurate)
Release Notes
~ Fixes Data view price colors so that they are visible
Release Notes
~ Better labels in editor
~ Converted arrows to the easier to see labels
Release Notes
~ Updates labels for the editor
Release Notes
~ Updated to 2 -- is a better tolerance on the daily
~ Udated the indicator colors to be move visible at a glance
Release Notes
+ Adds "Any Indicator" for a single-service alert
Release Notes
~ Renames some vars
+ Adds "Realized" indicators which show when all stops align
Release Notes
+ Opacity visualization to main indicators
Release Notes
~ Updates precision: default -> 2
+ Adds Percent Change
+ Adds Indicator Trigger line - an average of all 7 stops to better visualize when the indicator was triggered
+ Price line for latest indicator
Release Notes
~ Tones down Indicator Trigger line
~ Adjusts Indicator Tigger line to ignore percentage tolerance
Release Notes
+ Adds editor input to toggle Money Flow filter
Release Notes
+ Adds tags
Release Notes
~ Updates default settings. Aligns more with daily view and reduces some noise.
VolatilityVolatility Stop

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.

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nickbarcomb

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