Bollinger Bands Fibonacci Ratios TradingView indicator is a tool that makes trading easy and relaxing.
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Works on TradingView
Bollinger Bands Fibonacci Ratios indicator bases on the upper and lower volatility bands. However, instead of using the Standard Deviation, Smoothed ATR is applied in this tool.
After calculating the Smoothed ATR value, three upper and three lower bands are created by multiplying the ATR value by positive and negative Fibonacci factors (1.618, 2.618, 4,236). Then results are added to the mid-band based on the Simple Moving Average of the closing price.
Traders use Bollinger Bands Fibonacci Ratios indicator for trading shares and goods. Also, the indicator is applied to monitor price volatility when the price reaches the upper or lower band. These ranges expand if the volatility is high and vice versa. Volatility identification adapts a trading system to generate corresponding signals in time.
Default input parameters
Source: open, high, low, close, hl2, hlc3, ohlc4.
Fibonacci Ratio 1 is applied for the first upper and lower bands calculation.
Fibonacci Ratio 2 is used for the second upper and lower bands calculation.
Fibonacci Ratio 3 is applied for the third upper and lower bands calculation.
Default style settings
Basis sets the baseline color and style.
Upper 3 sets the color and style of the third upper line.
Upper 2 sets the color and style of the second upper line.
Upper 1 sets the color and style of the first upper line.
Lower 1 determines the color and style of the first lower line.
Lower 2 determines the color and style of the second lower line.
Lower 3 determines the color and style of the third lower line.
Background is responsible for the background color within the third upper and the third lower bands.
Precision is the decimal places of the indicator value.
Bollinger Bands Fibonacci Ratios indicator displayed on the H1 chart with default parameters
Bollinger Bands Fibonacci Ratios indicator depicted on the M5 chart with custom parameters
You can order a custom indicator here. A ready-made form will help
you not to forget important aspects of
your software requirements specification.
Make no mistake, you will be the perfect trader! Everyone profits!
A computer capable of running TradingView.
The computer working hours should match the trading hours.
The installed tool must be configured on the TradingView chart.
What is your refund policy? All sales are final since downloadable products can not be returned. Please be sure you are using TradingView before buying. If you are having issues with your indicator, please contact 4xDev Support, and we will be happy to help you.
Will the indicator work with my broker? This indicator will work with any broker that uses the TradingView platform.
Should I use a demo account? It is highly recommended that you use this indicator in a demo account before you trade live. Then you will get a feel for how it works.
Can this indicator be used on more than one computer? Yes, you are allowed to use the indicator on any computer you own.
Does this indicator track timeframes and currency pairs? It will only track currency pairs and timeframes on opened charts and on which the indicator is attached and correctly configured.
Does this indicator place trade? No, it does not. Therefore, you are 100% responsible for placing your trades and your profits/losses.
All Products are provided “as is” without any warranties regarding effectiveness, performance, or suitability for particular purposes. The actual performance of the Products could be different from the testing results and your expectations.
Please study all information about the Products carefully before purchasing.
The amounts paid for the Products are non-refundable.
4xDev assumes no liability for any direct or indirect losses resulting from the use of the Products.