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Fibonacci Bollinger Bands
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=2065
Forum: 17 · Topic 2065 · 24 post(s)
Fibonacci Bollinger Bands
Apprentice · Sun Sep 05, 2010 2:28 pm
The Fibonacci Bollinger Bands indicator use ATR in place of standard deviation as measure of volatility.
Bands are constructed by multiplying ATR with Fibonacci factors (1.6180, 2.6180, and 4.2360) .
Resetting Moving Average FIBB.lua
Modified Resetting Moving Average FIBB.lua
Re: Fibonacci Bollinger Bands
wizardpro · Mon Oct 25, 2010 4:47 am
Do you have any instructoring how to use this ? I failes to understand.
Re: Fibonacci Bollinger Bands
Apprentice · Mon Oct 25, 2010 7:56 am
Basically it is Bullinger Band. But instead of one, has two belts. Specific multipliers.
Re: Fibonacci Bollinger Bands
Apprentice · Sat May 26, 2012 8:06 am
Give Audio / Email Alerts on Price /Band Crossover/Touch.
Compatibility issue fixed. _Alert Helper is not longer needed.
Re: Fibonacci Bollinger Bands
4xtr8r · Fri Jun 01, 2012 9:35 am
Thx Apprentice.
Could you make this into a strategy. Example. Hits outer band = short, Hits lower band = buy?
Thanks.
Re: Fibonacci Bollinger Bands
4xtr8r · Fri Jun 01, 2012 9:41 am
Also..for stops and targets… if there is a way to use ATR. So stops would be ATR + 5 and target would be ATR.
If I could also have the ability to scale out, that would be perfect. So target 1 would be ATR value. Target 2 would be ATR value x 2 (or some value I could edit).
Thanks!
Re: Fibonacci Bollinger Bands
Apprentice · Mon Jun 04, 2012 1:36 am
Your request is added to the development list.
Re: Fibonacci Bollinger Bands
Apprentice · Tue Jun 05, 2012 5:22 am
This is what I managed wrote for now. No ATR Targets for now. viewtopic.php?f=31&t=19904
Re: Fibonacci Bollinger Bands
cashmoney · Tue Jun 05, 2012 12:23 pm
Brilliant. Thank you.
Re: Fibonacci Bollinger Bands
Coondawg71 · Mon Nov 18, 2013 1:15 pm
I believe there may be a small flaw in this indicator. Only “uptrend” alerts are being displayed. All Alerts below central line are showing “uptrend” colorization.
thanks,
sjc
Re: Fibonacci Bollinger Bands
Coondawg71 · Mon Nov 18, 2013 1:21 pm
Another flaw, +1 and +3 Alerts are reversed.
Thanks,
sjc
Re: Fibonacci Bollinger Bands
Apprentice · Mon Nov 18, 2013 4:12 pm
Affirmative about reversed. If you use touch algo, all alert use Up trend coloring. This is intentional.
Re: Fibonacci Bollinger Bands
delsan · Fri Dec 20, 2013 11:04 am
Is there anyway you can add a limit to the amount of trades it takes in one direction? Thanks in advance.
Re: Fibonacci Bollinger Bands
Apprentice · Sat Dec 21, 2013 7:39 am
Your request is added to the development list.
Re: Fibonacci Bollinger Bands
Apprentice · Wed Oct 01, 2014 11:01 am
Update.
Re: Fibonacci Bollinger Bands
Apprentice · Mon Dec 07, 2015 7:42 am
Compatibility issue fixed. _Alert Helper is not longer needed.
Re: Fibonacci Bollinger Bands
Apprentice · Fri Jul 21, 2017 8:35 am
The indicator was revised and updated.
Re: Fibonacci Bollinger Bands
Apprentice · Fri Dec 08, 2017 5:55 am
Resetting Moving Average FIBB.lua added.
Re: Fibonacci Bollinger Bands
Cactus · Fri Dec 08, 2017 1:39 pm
Apprentice wrote: Resetting Moving Average FIBB.lua added.
Interesting, thanks But I don’t think it behaves as I imagined
I can never get the resetting version to match the original indicator values with the same settings even for a short period. I was thinking they should be exactly the same, but only reset on certain deviation hit, then continue showing different values for MA period bars and eventually return to normal to be the same again until high deviation resets the band again?
Original indicator has only 2 parameters (FIBB Periods and ATR Periods) and 3 levels to specify Resetting average version has 6 parameters and 3 levels to specify
FIBB Periods in original indicator is the same as MA Lookback Period in average version? ATR Periods in original is the same as ATR Lookback Period? in average version? What is classical ATR Period then
Can you make it so the “MA Barrier” be turned off, just like “Use Resetting ATR” can be switched to False. Will this make it appear same as original indicator then? Just for testing
Perhaps I just don’t understand what settings to use yet. The indicator re-draws the more we scroll back, but the original does not repaint
Re: Fibonacci Bollinger Bands
Apprentice · Fri Dec 15, 2017 6:40 am
Modified Resetting Moving Average FIBB.lua added.
Re: Fibonacci Bollinger Bands
Apprentice · Wed Mar 28, 2018 3:54 pm
The Indicator was revised and updated.
Re: Fibonacci Bollinger Bands
jacryptoking · Sun Nov 19, 2023 4:32 am
Apprentice wrote:
FIBB.png
The Fibonacci Bollinger Bands indicator use ATR in place of standard deviation as measure of volatility.
Bands are constructed by multiplying ATR with Fibonacci factors (1.6180, 2.6180, and 4.2360) .
FIBB.lua
Resetting Moving Average FIBB.lua
Modified Resetting Moving Average FIBB.lua
Good day . Do you have mt5 version? If not can you make a mt5 version, please.?
Re: Fibonacci Bollinger Bands
Apprentice · Tue Nov 21, 2023 8:29 am
We have added your request to the development list. Development reference 1035
Re: Fibonacci Bollinger Bands
Apprentice · Fri Nov 24, 2023 3:36 am
