Zevia wrote: Mon Mar 03, 2025 9:37 am Standard deviation rsi might work better, maybe not
Still good idea, thanks

Josmellon2024 wrote: Mon Mar 03, 2025 10:41 am Added Standard deviation. You can tweek the settings for better result. Thanks for your suggestion.

Josmellon2024 wrote: Mon Mar 03, 2025 10:41 am Added Standard deviation. You can tweek the settings for better result. Thanks for your suggestion.

• Support 1/2 (Blue Zones): Potential buying areas.

• Resistance 1/2 (Orange Zones): Potential selling areas.

• Buy near Support 1/2 with bullish confirmation.

• Sell near Resistance 1/2 with bearish confirmation.

• Place stops beyond the zone boundaries (e.g., below Support 2 for longs, above Resistance 2 for shorts).

• Target the opposite zone (e.g., Support 1 → Resistance 1).

• Zones reset daily. Focus on trades aligning with the current day’s zones.

• Volume, RSI/MACD divergence, or trend lines for confirmation.

Josmellon2024 wrote: Fri Mar 07, 2025 5:35 am Dynamic Fibonacci Zones Indicator

This indicator plots dynamic support/resistance zones using Fibonacci levels derived from the previous day’s price action. Here’s how to trade it:

Key Zones

• Support 1/2 (Blue Zones): Potential buying areas.

• Resistance 1/2 (Orange Zones): Potential selling areas.

Entry Rules

Reversals: Look for price reactions (e.g., pin bars, engulfing candles) at these zones.

• Buy near Support 1/2 with bullish confirmation.

• Sell near Resistance 1/2 with bearish confirmation.

Breakouts: Trade continuation if price closes outside a zone with momentum.

Risk Management

• Place stops beyond the zone boundaries (e.g., below Support 2 for longs, above Resistance 2 for shorts).

• Target the opposite zone (e.g., Support 1 → Resistance 1).

• Zones reset daily. Focus on trades aligning with the current day’s zones.

• Volume, RSI/MACD divergence, or trend lines for confirmation.

Example: Price bounces off Support 1 with a bullish candle → Enter long, stop below Support 2, target Resistance 1.

ujtrader wrote: Fri Mar 07, 2025 6:58 am fantastic!!! thankyou
one question So, is it based on the previous day's high and low? If bearish, price moves from high to low, and if bullish, it moves from low to high, right?
Can you also show the retracement levels, including 50%, 61.8%, and 79%? something like this levels indicated by yellow line

A trader could combine the existing Fibonacci Zones with retracement levels to refine entry points and stop-loss placements, reducing risk and improving accuracy.
For example, entering a long trade near the 61.8% level, with a stop below 79%, provides a high reward-to-risk setup. Also helps in trailing stops

ujtrader wrote: Fri Mar 07, 2025 7:48 am for your ease attached is the indicator which is drawing the required retracement levels based on last day candle can you merge in your Dynamic Fibonacci Zones Indicator Thankyou

• Look for price reactions at levels (50%, 61.8%, 79%)

• Use 79% level as trend confirmation

• Blue zone: Potential support area

• Orange zone: Potential resistance area

• Trade bounces within zones with level confluence

• All levels recalculate automatically at daily open

• Previous day's levels are automatically removed

Josmellon2024 wrote: Fri Mar 07, 2025 9:36 am Here is the combines version of Dynamic Fibonacci Zones Indicator and your retracement indicator.

• Look for price reactions at levels (50%, 61.8%, 79%)

• Use 79% level as trend confirmation

• Blue zone: Potential support area

• Orange zone: Potential resistance area

• Trade bounces within zones with level confluence

• All levels recalculate automatically at daily open

• Previous day's levels are automatically removed

ujtrader wrote: Sun Mar 09, 2025 8:40 am Hey, thanks a lot for implementing it! I have another request, if possible. I've updated my Fibonacci retracement indicator to display both bearish and bullish retracement levels.
Could you apply these changes into your dynamic fibo zones? Thanks!