Fibonacci Bollinger Bands For ThinkOrSwim

T

TPTrades

Member
The author states:
These Bollinger bands feature Fibonacci retracements to very clearly show areas of support and resistance. The basis is calculate off of the Volume Weighted Moving Average. The Bands are 3 standard deviations away from the mean. 99.73% of observations should be in this range.

OczcHpW.png

Here is the original Tradingview code:
https://www.tradingview.com/script/qIKR3tbN-Fibonacci-Bollinger-Bands/

For the new ThinkOrSwim code, you must scroll down to the next post
 
Last edited by a moderator:

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

SIGN UP NOW LEARN MORE
TPTrades said:
I found this indicator on trading view and I would like to be able to use it on thinkorswim.

https://www.tradingview.com/script/qIKR3tbN-Fibonacci-Bollinger-Bands/ Code Below:

@samer800 anyways you help me with this?
Click to expand...
check the below:

CSS: 
#Code For ThinkOrSwim
# Converted by Sam4Cok@Samer800    - 04/2024
#https://www.tradingview.com/v/qIKR3tbN/
# @Rashad
#study(shorttitle="FBB", title="Fibonacci Bollinger Bands", overlay=true)

input src = hlc3; #, title="Source")
input length = 200; #, minval=1)
input mult = 3.0; #, minval=0.001, maxval=50)
input movAvgType = {Default VWMA, SMA, EMA, WMA, HMA, RMA};

def na = Double.NaN;
def vwma = Average(src * volume, length) / Average(volume, length);
def basis; # = ExpAverage(src, length);
Switch (movAvgType) {
Case SMA : basis = Average(src, length);
Case EMA : basis = ExpAverage(src, length);
Case WMA : basis = WMA(src, length);
Case HMA : basis = HullMovingAvg(src, length);
Case RMA : basis = WildersAverage(src, length);
Default : basis = vwma;
}

def dev = mult * stdev(src, length);
def upper_1= basis + (0.236*dev);
def upper_2= basis + (0.382*dev);
def upper_3= basis + (0.5*dev);
def upper_4= basis + (0.618*dev);
def upper_5= basis + (0.764*dev);
def upper_6= basis + (1*dev);
def lower_1= basis - (0.236*dev);
def lower_2= basis - (0.382*dev);
def lower_3= basis - (0.5*dev);
def lower_4= basis - (0.618*dev);
def lower_5= basis - (0.764*dev);
def lower_6= basis - (1*dev);


plot baseLine = basis; #, color=fuchsia, linewidth=2)
plot u236 = upper_1; # color=white, linewidth=1, title="0.236")
plot u382 = upper_2; # , color=white, linewidth=1, title="0.382")
plot u500 = upper_3; # , color=white, linewidth=1, title="0.5")
plot u618 = upper_4; # , color=white, linewidth=1, title="0.618")
plot u764 = upper_5; # , color=white, linewidth=1, title="0.764")
plot u100 = upper_6; # , color=red, linewidth=2, title="1")
plot l236 = lower_1; # , color=white, linewidth=1, title="0.236")
plot l382 = lower_2; # , color=white, linewidth=1, title="0.382")
plot l500 = lower_3; # , color=white, linewidth=1, title="0.5")
plot l618 = lower_4; # , color=white, linewidth=1, title="0.618")
plot l764 = lower_5; # , color=white, linewidth=1, title="0.764")
plot l100 = lower_6; # , color=green, linewidth=2, title="1")

baseLine.SetLineWeight(2);
u100.SetLineWeight(2);
l100.SetLineWeight(2);
baseLine.SetDefaultColor(Color.MAGENTA);

u236.SetDefaultColor(Color.DARK_GREEN);
u382.SetDefaultColor(Color.DARK_GREEN);
u500.SetDefaultColor(Color.DARK_GREEN);
u618.SetDefaultColor(Color.DARK_GREEN);
u764.SetDefaultColor(Color.DARK_GREEN);
u100.SetDefaultColor(Color.RED);
l236.SetDefaultColor(Color.DARK_RED);
l382.SetDefaultColor(Color.DARK_RED);
l500.SetDefaultColor(Color.DARK_RED);
l618.SetDefaultColor(Color.DARK_RED);
l764.SetDefaultColor(Color.DARK_RED);
l100.SetDefaultColor(Color.GREEN);

#-- END of CODE
 
Last edited by a moderator:
samer800 said:
check the below:

CSS: 
#https://www.tradingview.com/v/qIKR3tbN/
# @Rashad
#study(shorttitle="FBB", title="Fibonacci Bollinger Bands", overlay=true)
# Converted by Sam4Cok@Samer800    - 04/2024

input src = hlc3; #, title="Source")
input length = 200; #, minval=1)
input mult = 3.0; #, minval=0.001, maxval=50)
input movAvgType = {Default VWMA, SMA, EMA, WMA, HMA, RMA};

def na = Double.NaN;
def vwma = Average(src * volume, length) / Average(volume, length);
def basis; # = ExpAverage(src, length);
Switch (movAvgType) {
Case SMA : basis = Average(src, length);
Case EMA : basis = ExpAverage(src, length);
Case WMA : basis = WMA(src, length);
Case HMA : basis = HullMovingAvg(src, length);
Case RMA : basis = WildersAverage(src, length);
Default : basis = vwma;
}

def dev = mult * stdev(src, length);
def upper_1= basis + (0.236*dev);
def upper_2= basis + (0.382*dev);
def upper_3= basis + (0.5*dev);
def upper_4= basis + (0.618*dev);
def upper_5= basis + (0.764*dev);
def upper_6= basis + (1*dev);
def lower_1= basis - (0.236*dev);
def lower_2= basis - (0.382*dev);
def lower_3= basis - (0.5*dev);
def lower_4= basis - (0.618*dev);
def lower_5= basis - (0.764*dev);
def lower_6= basis - (1*dev);


plot baseLine = basis; #, color=fuchsia, linewidth=2)
plot u236 = upper_1; # color=white, linewidth=1, title="0.236")
plot u382 = upper_2; # , color=white, linewidth=1, title="0.382")
plot u500 = upper_3; # , color=white, linewidth=1, title="0.5")
plot u618 = upper_4; # , color=white, linewidth=1, title="0.618")
plot u764 = upper_5; # , color=white, linewidth=1, title="0.764")
plot u100 = upper_6; # , color=red, linewidth=2, title="1")
plot l236 = lower_1; # , color=white, linewidth=1, title="0.236")
plot l382 = lower_2; # , color=white, linewidth=1, title="0.382")
plot l500 = lower_3; # , color=white, linewidth=1, title="0.5")
plot l618 = lower_4; # , color=white, linewidth=1, title="0.618")
plot l764 = lower_5; # , color=white, linewidth=1, title="0.764")
plot l100 = lower_6; # , color=green, linewidth=2, title="1")

baseLine.SetLineWeight(2);
u100.SetLineWeight(2);
l100.SetLineWeight(2);
baseLine.SetDefaultColor(Color.MAGENTA);

u236.SetDefaultColor(Color.DARK_GREEN);
u382.SetDefaultColor(Color.DARK_GREEN);
u500.SetDefaultColor(Color.DARK_GREEN);
u618.SetDefaultColor(Color.DARK_GREEN);
u764.SetDefaultColor(Color.DARK_GREEN);
u100.SetDefaultColor(Color.RED);
l236.SetDefaultColor(Color.DARK_RED);
l382.SetDefaultColor(Color.DARK_RED);
l500.SetDefaultColor(Color.DARK_RED);
l618.SetDefaultColor(Color.DARK_RED);
l764.SetDefaultColor(Color.DARK_RED);
l100.SetDefaultColor(Color.GREEN);

#-- END of CODE
Click to expand...
the pic looks like a fish
 
samer800 said:
check the below:

CSS: 
#Code For ThinkOrSwim
# Converted by Sam4Cok@Samer800    - 04/2024
#https://www.tradingview.com/v/qIKR3tbN/
# @Rashad
#study(shorttitle="FBB", title="Fibonacci Bollinger Bands", overlay=true)

input src = hlc3; #, title="Source")
input length = 200; #, minval=1)
input mult = 3.0; #, minval=0.001, maxval=50)
input movAvgType = {Default VWMA, SMA, EMA, WMA, HMA, RMA};

def na = Double.NaN;
def vwma = Average(src * volume, length) / Average(volume, length);
def basis; # = ExpAverage(src, length);
Switch (movAvgType) {
Case SMA : basis = Average(src, length);
Case EMA : basis = ExpAverage(src, length);
Case WMA : basis = WMA(src, length);
Case HMA : basis = HullMovingAvg(src, length);
Case RMA : basis = WildersAverage(src, length);
Default : basis = vwma;
}

def dev = mult * stdev(src, length);
def upper_1= basis + (0.236*dev);
def upper_2= basis + (0.382*dev);
def upper_3= basis + (0.5*dev);
def upper_4= basis + (0.618*dev);
def upper_5= basis + (0.764*dev);
def upper_6= basis + (1*dev);
def lower_1= basis - (0.236*dev);
def lower_2= basis - (0.382*dev);
def lower_3= basis - (0.5*dev);
def lower_4= basis - (0.618*dev);
def lower_5= basis - (0.764*dev);
def lower_6= basis - (1*dev);


plot baseLine = basis; #, color=fuchsia, linewidth=2)
plot u236 = upper_1; # color=white, linewidth=1, title="0.236")
plot u382 = upper_2; # , color=white, linewidth=1, title="0.382")
plot u500 = upper_3; # , color=white, linewidth=1, title="0.5")
plot u618 = upper_4; # , color=white, linewidth=1, title="0.618")
plot u764 = upper_5; # , color=white, linewidth=1, title="0.764")
plot u100 = upper_6; # , color=red, linewidth=2, title="1")
plot l236 = lower_1; # , color=white, linewidth=1, title="0.236")
plot l382 = lower_2; # , color=white, linewidth=1, title="0.382")
plot l500 = lower_3; # , color=white, linewidth=1, title="0.5")
plot l618 = lower_4; # , color=white, linewidth=1, title="0.618")
plot l764 = lower_5; # , color=white, linewidth=1, title="0.764")
plot l100 = lower_6; # , color=green, linewidth=2, title="1")

baseLine.SetLineWeight(2);
u100.SetLineWeight(2);
l100.SetLineWeight(2);
baseLine.SetDefaultColor(Color.MAGENTA);

u236.SetDefaultColor(Color.DARK_GREEN);
u382.SetDefaultColor(Color.DARK_GREEN);
u500.SetDefaultColor(Color.DARK_GREEN);
u618.SetDefaultColor(Color.DARK_GREEN);
u764.SetDefaultColor(Color.DARK_GREEN);
u100.SetDefaultColor(Color.RED);
l236.SetDefaultColor(Color.DARK_RED);
l382.SetDefaultColor(Color.DARK_RED);
l500.SetDefaultColor(Color.DARK_RED);
l618.SetDefaultColor(Color.DARK_RED);
l764.SetDefaultColor(Color.DARK_RED);
l100.SetDefaultColor(Color.GREEN);

#-- END of CODE
Click to expand...
Thanks for posting this, I'm using it now.
 
samer800 said:
check the below:

CSS: 
#Code For ThinkOrSwim
# Converted by Sam4Cok@Samer800    - 04/2024
#https://www.tradingview.com/v/qIKR3tbN/
# @Rashad
#study(shorttitle="FBB", title="Fibonacci Bollinger Bands", overlay=true)

input src = hlc3; #, title="Source")
input length = 200; #, minval=1)
input mult = 3.0; #, minval=0.001, maxval=50)
input movAvgType = {Default VWMA, SMA, EMA, WMA, HMA, RMA};

def na = Double.NaN;
def vwma = Average(src * volume, length) / Average(volume, length);
def basis; # = ExpAverage(src, length);
Switch (movAvgType) {
Case SMA : basis = Average(src, length);
Case EMA : basis = ExpAverage(src, length);
Case WMA : basis = WMA(src, length);
Case HMA : basis = HullMovingAvg(src, length);
Case RMA : basis = WildersAverage(src, length);
Default : basis = vwma;
}

def dev = mult * stdev(src, length);
def upper_1= basis + (0.236*dev);
def upper_2= basis + (0.382*dev);
def upper_3= basis + (0.5*dev);
def upper_4= basis + (0.618*dev);
def upper_5= basis + (0.764*dev);
def upper_6= basis + (1*dev);
def lower_1= basis - (0.236*dev);
def lower_2= basis - (0.382*dev);
def lower_3= basis - (0.5*dev);
def lower_4= basis - (0.618*dev);
def lower_5= basis - (0.764*dev);
def lower_6= basis - (1*dev);


plot baseLine = basis; #, color=fuchsia, linewidth=2)
plot u236 = upper_1; # color=white, linewidth=1, title="0.236")
plot u382 = upper_2; # , color=white, linewidth=1, title="0.382")
plot u500 = upper_3; # , color=white, linewidth=1, title="0.5")
plot u618 = upper_4; # , color=white, linewidth=1, title="0.618")
plot u764 = upper_5; # , color=white, linewidth=1, title="0.764")
plot u100 = upper_6; # , color=red, linewidth=2, title="1")
plot l236 = lower_1; # , color=white, linewidth=1, title="0.236")
plot l382 = lower_2; # , color=white, linewidth=1, title="0.382")
plot l500 = lower_3; # , color=white, linewidth=1, title="0.5")
plot l618 = lower_4; # , color=white, linewidth=1, title="0.618")
plot l764 = lower_5; # , color=white, linewidth=1, title="0.764")
plot l100 = lower_6; # , color=green, linewidth=2, title="1")

baseLine.SetLineWeight(2);
u100.SetLineWeight(2);
l100.SetLineWeight(2);
baseLine.SetDefaultColor(Color.MAGENTA);

u236.SetDefaultColor(Color.DARK_GREEN);
u382.SetDefaultColor(Color.DARK_GREEN);
u500.SetDefaultColor(Color.DARK_GREEN);
u618.SetDefaultColor(Color.DARK_GREEN);
u764.SetDefaultColor(Color.DARK_GREEN);
u100.SetDefaultColor(Color.RED);
l236.SetDefaultColor(Color.DARK_RED);
l382.SetDefaultColor(Color.DARK_RED);
l500.SetDefaultColor(Color.DARK_RED);
l618.SetDefaultColor(Color.DARK_RED);
l764.SetDefaultColor(Color.DARK_RED);
l100.SetDefaultColor(Color.GREEN);

#-- END of CODE
Click to expand...
@samer800 Is it possible to do this but replace the bollinger bands using a high and low fib level? From there integrate an additional fib within each level using the level as that fibs high and low level?
 
I made a couple of edits. NQ looks really good on the 30 min.
1746819496178.png


Code: 
# Converted by Sam4Cok@Samer800    - 04/2024
#https://www.tradingview.com/v/qIKR3tbN/
# @Rashad
#study(shorttitle="FBB", title="Fibonacci Bollinger Bands", overlay=true)

input inner = no;
input src = hlc3; #, title="Source")
input length = 180; #, minval=1)
input mult1 = 1.0;
input mult0 = 2.0;
input mult = 3.0; #, minval=0.001, maxval=50)
input movAvgType = {Default VWMA, SMA, EMA, WMA, HMA, RMA};

def na = Double.NaN;
def vwma = Average(src * volume, length) / Average(volume, length);
def basis; # = ExpAverage(src, length);
Switch (movAvgType) {
Case SMA : basis = Average(src, length);
Case EMA : basis = ExpAverage(src, length);
Case WMA : basis = WMA(src, length);
Case HMA : basis = HullMovingAvg(src, length);
Case RMA : basis = WildersAverage(src, length);
Default : basis = vwma;
}

def dev = mult * stdev(src, length);
def dev1 = mult0 * stdev(src, length);
def dev0 = mult1 * stdev(src, length);
def upper_1= basis + (0.236*dev);
def upper_2= basis + (0.382*dev);
def upper_3= basis + (0.5*dev);
def upper_4= basis + (0.618*dev);
def upper_5= basis + (0.764*dev);
def upper_6= basis + (1*dev);
def upper_7= basis + (1*dev1);
def upper_8= basis + (1*dev0);
def lower_1= basis - (0.236*dev);
def lower_2= basis - (0.382*dev);
def lower_3= basis - (0.5*dev);
def lower_4= basis - (0.618*dev);
def lower_5= basis - (0.764*dev);
def lower_6= basis - (1*dev);
def lower_7 = basis - (1*dev1);
def lower_8 = basis - (1*dev0);

plot baseLine = basis; #, color=fuchsia, linewidth=2)
plot u236 = if inner then upper_1 else double.nan; # color=white, linewidth=1, title="0.236")
plot u382 = if inner then upper_2 else double.nan; # , color=white, linewidth=1, title="0.382")
plot u500 = if inner then upper_3 else double.nan; # , color=white, linewidth=1, title="0.5")
plot u618 = if inner then upper_4 else double.nan; # , color=white, linewidth=1, title="0.618")
def u764 = if inner then upper_5 else double.nan; # , color=white, linewidth=1, title="0.764")
plot u100 = upper_6; # , color=red, linewidth=2, title="1")
plot l236 = if inner then lower_1 else double.nan; # , color=white, linewidth=1, title="0.236")
plot l382 = if inner then lower_2 else double.nan; # , color=white, linewidth=1, title="0.382")
plot l500 = if inner then lower_3 else double.nan; # , color=white, linewidth=1, title="0.5")
plot l618 = if inner then lower_4 else double.nan; # , color=white, linewidth=1, title="0.618")
def l764 = if inner then lower_5 else double.nan; # , color=white, linewidth=1, title="0.764")
plot l100 = lower_6; # , color=green, linewidth=2, title="1")
plot u1 = upper_8;
plot l1 = lower_8;
plot u2 = upper_7;
plot l2 = lower_7;
u2.SetLineWeight(2);
l2.SetLineWeight(2);
baseLine.SetLineWeight(3);
u100.SetLineWeight(4);
l100.SetLineWeight(4);

AddCloud(l2, L100, COLOR.DARK_GREEN, COLOR.DARK_GREEN);
AddCloud(u2, u100, COLOR.DARK_RED, COLOR.DARK_RED);

baseLine.SetDefaultColor(Color.yellow);
u1.SetDefaultColor(Color.dark_orange);
l1.SetDefaultColor(Color.light_green);
u2.SetDefaultColor(Color.magenta);
l2.SetDefaultColor(Color.cyan);
u236.SetDefaultColor(Color.DARK_GREEN);
u382.SetDefaultColor(Color.DARK_GREEN);
u500.SetDefaultColor(Color.DARK_GREEN);
u618.SetDefaultColor(Color.DARK_GREEN);
#u764.SetDefaultColor(Color.DARK_GREEN);
u100.SetDefaultColor(Color.magenta);
l236.SetDefaultColor(Color.DARK_RED);
l382.SetDefaultColor(Color.DARK_RED);
l500.SetDefaultColor(Color.DARK_RED);
l618.SetDefaultColor(Color.DARK_RED);
#l764.SetDefaultColor(Color.DARK_RED);
l100.SetDefaultColor(Color.cyan);

#-- END of CODE
 
You must log in or register to reply here.
Thread starter Similar threads Forum Replies Date
P Fibonacci Bollinger Bands for ThinkorSwim Custom 1
samer800 Fibonacci Trend [ChartPrime] for ThinkOrSwim Custom 0
chewie76 Fibonacci Bands [BigBeluga] For ThinkOrSwim Custom 1
samer800 Repaints Harmonic, wave and Fibonacci [Hunter Algo] for ThinkOrSwim Custom 8
C Auto Fibonacci From Previous High & Low w/ Percentages & Alerts For ThinkOrSwim Custom 2

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
348 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support
Try VIP Club Today

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top