crypto_0sam0

Fibonacci Retracement (S)-Silver


The Automatic Fib Retracement - Silver -0.24% script indicates the 50-61.8% pullback region.

The lines of the upper and lower pivots , the support and resistance areas are also highlighted.

Customisable Fib Length - Time period over which max and min pivots are chosen.

Offsetfib - Automatically offsets the pivots and sell zone as your entry position
will be some time after the upper and lower pivots are set.

Works well when used in combination with an oscillator which highlights Divergence.

A strategy based off buying the 50-618 with a defined stop loss and target can be the basis of your strategy.
This tool will automatically plot those points but a defined Risk Management strategy will always be needed.

Works best in Bearish trends but will work on all timeframes ( Bearish correction in an uptrend also possible).

Previous pivots shown but be careful to identify which of the several pivots you are using.

Start at a larger timeframe and move down. (Entries consistent on several timeframes are golden)

Pivots and retracements are dynamic. Be sure to note your entry and targets.
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact crypto_0sam0 for more information, or follow the author's instructions below.

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Comments

hi, can i have access please
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Hi, may I have access to give it a try?
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Can u pls enable this indicator pls
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hi, can i have access please
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can i hav access please
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crypto_0sam0 leandro.pereirapires
@leandro.pereirapires, Hi, only just saw your message. I have opened it up for a couple of days initially while I open it up for testing and as a trial. Please look out for the bullish and the bearish Gold & Diamond versions to come. Cheers
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can i have access?
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crypto_0sam0 melnero24
@melnero24, Hi, I have opened it up for a couple of days initially while I open it up for testing and as a trial. Please look out for the bullish and the bearish Gold & Diamond versions to come. Cheers
Reply
can i hav access please
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crypto_0sam0 dalioguri8
@dalioguri8, Hi, I have opened it up for a couple of days initially while I open it up for testing and as a trial. Please look out for the bullish and the bearish Gold & Diamond versions to come. Cheers
Reply