Fibonacci bands with ATR

Hi all,

Here is a code from one of the visitors of my website : “Winnie37”.
He asked me to make a code of Fibonacci Bands with ATR, but I didn’t have the time to create it within the week, and I didn’t knew the formula.

So he coded it himself (congratulations !), and allowed me to publish it.
Here it is, simple and effective.

period = 20  //  à changer selon convenance

indicator1 = ExponentialAverage[period](close)
indicator2 = AverageTrueRange[period](close)

INDICATOR3= INDICATOR2*4.23
INDICATOR4=INDICATOR2*2.62
INDICATOR5=INDICATOR2*1.62
INDICATOR6=INDICATOR2*1

upperBand4 = INDICATOR1 + INDICATOR3
upperBand3 = INDICATOR1 + INDICATOR4
upperBand2 = INDICATOR1 + INDICATOR5
upperBand1 = INDICATOR1 + INDICATOR6
lowerBand4 = INDICATOR1 - INDICATOR3
lowerBand3 = INDICATOR1 - INDICATOR4
lowerBand2 = INDICATOR1 - INDICATOR5
lowerBand1 = INDICATOR1 - INDICATOR6

RETURN upperBand4 coloured(0,0,0),upperBand3 coloured(255,0,255),upperBand2 coloured(255,153,0),upperBand1 coloured(255,255,0),lowerBand4 coloured(0,0,0),lowerBand3 coloured(255,0,255),lowerBand2 coloured(255,153,0),lowerBand1 coloured(255,255,0)

period = 20 // à changer selon convenance

indicator1 = ExponentialAverage[period](close)

indicator2 = AverageTrueRange[period](close)

INDICATOR3= INDICATOR2*4.23

INDICATOR4=INDICATOR2*2.62

INDICATOR5=INDICATOR2*1.62

INDICATOR6=INDICATOR2*1

upperBand4 = INDICATOR1 + INDICATOR3

upperBand3 = INDICATOR1 + INDICATOR4

upperBand2 = INDICATOR1 + INDICATOR5

upperBand1 = INDICATOR1 + INDICATOR6

lowerBand4 = INDICATOR1 - INDICATOR3

lowerBand3 = INDICATOR1 - INDICATOR4

lowerBand2 = INDICATOR1 - INDICATOR5

lowerBand1 = INDICATOR1 - INDICATOR6

RETURN upperBand4 coloured(0,0,0),upperBand3 coloured(255,0,255),upperBand2 coloured(255,153,0),upperBand1 coloured(255,255,0),lowerBand4 coloured(0,0,0),lowerBand3 coloured(255,0,255),lowerBand2 coloured(255,153,0),lowerBand1 coloured(255,255,0)

ATR bands fibonacci

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No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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supertiti • 09/15/2016 #
La periode de la moyenne et de l’ATR est identique (20), est ce normal ? un ATR standart tourne autour de 12 il me semble
un avis ?
- Doctrading • 09/15/2016 #
  A chacun de définir les périodes de son choix.

Dymjohn • 09/15/2016 #
I downloaded this but will only open in a separate window. Can anyone explain how to show on the main chart as illustrated?
- Nicolas • 09/15/2016 #
  Use the wrench of the price chart! Upper left of the window
- Dymjohn • 09/15/2016 #
  The wrench shows options for the components of the indicator not how to show in the main chart window. Don’t understand Nicolas.
- Nicolas • 09/15/2016 #
  http://www.prorealcode.com/topic/overlapping-indicators/

bharatjai Script 'Adaptive ATR' has been saved line 24: no viable alternative at input 'lr' Gettin...

Nicolas download the itf file and import it into your platform.

Francis3332 Bonjour à tous, J'aime beaucoup cet indicateur et j'aimerais pouvoir l'utiliser sur la dern...

Caribeengeek Bonjour j’avais vu que vous proposiez d’écrire des codes pour ceux qui s’y connaisse pas Mai...

Caribeengeek Les devises unité

Nicolas Merci d'utiliser le forum pour les demandes de programmation personnalisée

swapping Oups nicolas ! je pense que tu a oublié de mettre les variables "setting" accessible en exte...

Nicolas Je viens de vérifier, elles y sont pourtant?

swapping Mea culpa, j'ai fait un bête (copier/coller) et forcément cela ne pouvait pas y être puisqu'...

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Vinci1966 Questo indicatore è molto interessante. Mi sono permesso di apportare alcune modifiche nell'...

Vinci1966 // VAN SALT´s <> Version 20171105 // This Indicator draws the Shortterm and Longtern ...

Nicolas Please open a new forum topic, and respect the posting rules. Add a precise description of w...

FXTT ok will do, apologies, as I said I am new here. many thanks

Noobywan Version v2 including requested additions: https://www.prorealcode.com/prorealtime-indicators...

WarningTrading Comment peut on la comparer ? comme ceci ? cela ne me donne plus le message d'erreur manque...

sally31120 Bonjour, je n'arrive pas à créer ce screener close > supertrend extended2[1] la réponse...

Nicolas voir ce sujet pour un screener basé sur Supertrend Extended: https://www.prorealcode.com/top...

JanWd Tried the code, nice concept, seems to work quit well for US/EUR 2hrs, Other markets seems n...

JR1976 Simple and nice code , congrats !!! Seems work well with TIme frame 1 h

phanz Hi all, Sorry revisiting an old post. This algo is simple, and simplicity is the ultimate ...

redz bonjour, comment changer les paramettre de la BB en 20 , 2.2 ? hello, how to change BB sett...

Realtime82 Hi I was wondering if it would be possible to get an alert (by sound) when the signals shows...

besserwerden Hi, i like this bollinger moz arrwos. How can I use this indicator in an screener? I want to...

Nicolas No sorry, please use this file instead into a prorealtime trading platform.

rdabbs I just installed this indicator. It opens in its own pane rather than overlaid on the chart ...

Nicolas Just apply it on your price chart instead and you're ok.

Jean-Pierre Poulain When I buy and when I sell ?

Nicolas The featured image of the post do not deserve the indicator you are right, I attached other ...

Nicolas It is described in the post already :) The BUY/SELL signals are quite similar of what you ca...

diegofe_2000 cordial saludo NICOLAS , gracias por excelente indicador. ¿ es posible obtenerlo en MT4 ? ...

Nicolas Lo siento, pero no estoy trabajando para ayudar a la gente aquí de forma gratuita para promo...

diegofe_2000 Nicolas , gracias por tu atención. La pregunta era por curiosidad (yo no trabajo ni manejo ...

CavalierDeCesDames Bonjour Nicolas, Thanks for your use full job. I tried this indicator on a shorter timefram...

Nicolas You are welcome. I'm glad you like it.

Bolbo It does not appear over the price indicator on V11. Thanks in advance.

fabio407 Thanks, Nicolas. Very useful. Would you tell me where to find what result conveys the functi...

Nicolas This is not an instruction of the programming language but a variable from this indicator (l...

fabio407 OK. I didn't notice it. Many thanks, Nicolas!

albertocampagna Sei grande Nicolas :-)

SAcht Dear Nicolas, Great work, thank you very much!I would love to use the indicator in ProScree...

SAcht btw: The above-posted ProScreener is supposed to show stocks for which the center line has i...

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