Auto Pitchfork, Fib Retracement and Zig Zag by DGTPitchfork is a technical indicator for a quick and easy way for traders to identify possible levels of support and resistance of an asset's price. It is presents and based on the idea that the market is geometric and cyclical in nature
Developed by Alan Andrews, so sometimes called Andrews’ Pitchfork
It is created by placing three points at the end of previous trends
Schiff and Modified Pitchfork is a technical analysis tool derived from Andrews' Pitchfork
In general, traders will purchase the asset when the price falls near the support of either the center trendline or the lowest trendline. Conversely, they'll sell the asset when it approaches the resistance of either the center line or the highest trendline.
█ Study OPTIONS
Auto Pitchfork , the main aim of the study
Pivots threshold can be customized by “Deviation” and “Depth” input options
Pitchfork Type selection, available options Andrews' Pitchfork (Original), Schiff and Modified Pitchfork
Ability to set ALERTs for the Pitchfork Levels
Ability to add customized levels (all level lines customizable)
Auto Fib Retracement – This is the build-in study of TradingView, slight changes applied to fit with Auto Pitchfork
Zig Zag – Derived from build-in Auto Fib Retracement with some customization options.
█ Usage Tips :
Andrews' Pitchfork (Original) best fit in a Strong Trending Market
Schiff and Modified Pitchfork better with Correcting or Sideways Market. Modified Pitchfork is almost identical to a Parallel Chanel
Disclaimer :
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Fibextensions
NQ-ShorterTimeFrame2 (STF2) - Maroon, Green, Black/White (NQ)This is a Shorter Time Frame Fib level indicator. To be used with Longer Time frame Indicator. Though it can be used independently. It shows where the market is looking to go and where it has been. When the market get above one level ( white bar, for example) look for price action to continue to the next level (white bar). If it breaks below the white bar look for price action to go the next level below for support. It is fractal in nature. It is fib levels inside longer time frame fib levels. I hope it will impress! More importantly I hope you can make some money! It is great for having targets and support levels. It helps in knowing why the market may continue in a direction. For example: When the price action has already moved up, why does it keep going up, because it hasn't reached targeted fib level, yet. Same reason price action may move lower once it breaks a particular level. It is looking for its fib level support.
bg_FibCastVersion 1.0
A simple script to place horizontal lines where fib levels are, over a given period of candles, on a specified or charted time-frame. Includes the option to fib-retrace a "sub-zone" or the space between Fibonacci levels.
In The Depicted Example Above:
- Large white Fibonacci Lines from 377 Daily Candle Range, Gray "Sub-Fib" levels are plotted in "Zone 4" of the 377 1D Fib. Re-trace. (Zone 4 is between the 0.5 and 0.618, Zone 3 is between 0.618 and 0.786, etc.)
- Optional 1.618 Fib Extension is available for the main Fibonacci indicator, but is not shown here (Disabled/Hidden).
- Supports multiple time-frames, which is also depicted above. (377 Daily Candles used on 12-Hour chart.)
™TradeChartist Fib Extensions™TradeChartist Fib Extensions is a free to use script that helps traders plot Fibonacci Extensions on chart. Even though Trading View has a Fib extensions tool, some traders may prefer a plotting script like this with Fib plot lines extending across the whole of the chart to track historic prices in relation to Fib extensions drawn.
----To draw Fib extensions for uptrend ,
1. Choose a Pivot Low point (LL or a HL) as Pivot 1
2. Choose a Pivot High point (must be higher than Pivot 1) as Pivot 2
3. Choose a Pivot Low point (must be lower than Pivot 2, must be Higher than Pivot 1)
----To draw Fib extensions for downtrend,
1. Choose a Pivot High point (HH or a LH) as Pivot 1
2. Choose a Pivot Low point (must be lower than Pivot 1) as Pivot 2
3. Choose a Pivot High point (must be higher than Pivot 2 and lower than Pivot 1)
Negative extensions of -23.6% and -61.8% fib plots may be useful for some to spot reversals or to set stop losses.
Higher levels can be used if price goes beyond 161.8%
This is a free to use indicator. Give a thumbs up or leave a comment if you like the script
Check my 'Scripts' page to see other published scripts. Get in touch with me if you would like access to my invite-only scripts for a trial before deciding on a paid access for a period of your choice. Half-Yearly, Annual and Lifetime access available on invite-only scripts along with 1hr Team Viewer intro session.
RyuFib Auto Fibonacci Retracement🔰 Auto Fibonacci Retracement
📌Auto plots the Fibonacci levels the same as the Fib Retracement tool from the high to low or low to high according to the set length. This tool saves you 2 seconds from manually drawing the Fibonacci Retracement, however, having to do on 100 different charts can save time; and can set up on various timeframes to show to get a quick look at the fib support/resistance levels of the chart. Shows additional fib levels and fib extensions. Can set custom timeframe to add multiple fib indicators for different timeframes shown, or to always show a particular timeframe. Can set the length for different timeframes, so you can flip between timeframes without having to adjust. The 12h and daily timeframes are shorter length since if it's too long the chart history may not be long enough.
📌Features
🔹Fibonacci Retracement Levels (show/hide all)
🔹Fibonacci Extension Levels (option show/hide all)
🔹Fibonacci Text Labels (option show/hide all)
🔹Select fib Retracement type, from high to low or low to high
🔹Select fib candle type, from the wick or candle close
🔹Select fib custom timeframe
🔹Select custom length back for different timeframes, shorter 4h and under, 12, and daily
🔹Select fib line width
🔹Select fib text labels position offset
📌Note: If the fibs are not showing then the chart history is too short for the length, adjust the fib length.
Fibonacci Oscillator Prototype V2Fib Oscillator Prototype V2
visuals refined a bit
no more timeframe selector - value clamp going outside of the top fib and bottom fib levels if you pick a higher timeframe than what you are currently using
AutoFibLevels - FixedPersonally I don't like the trouble of drawing fibonacci retracement and extension tolls time and time again, not only human eyes and hands are not as accurate as a computer, but also, you would sit and think : "Hey, which one of these candles is the start of the wave" time and time again.
That is one of the issues, some times you may want to drop more than one fibo on the chart to see where they over lap and that, makes your chart hell to look into.
This script will draw fibonacci levels for you based on the time frame you are in, for each time frame the number of bars that it will look into differs and if you need to, you can adjust them per time frame separately.
And as always for indicators, you have total control on which lines to draw and clouds, and their color and transparency.
The reason this title has Fix, is that I totally forgot to change some titles in the script so in the style you would see some errors in titles and also, the 1.618 line had a wrong title, sorry and thanks