Fibonacci Pivot Points for ThinkOrSwim

A

ArrOne

New member
2019 Donor
Is there any indicator out there that plots pivots using fibs?

Fibonacci Pivot Point = (High + Low + Close) / 3
S1 = Fibonacci Pivot – 0.382 * (High – Low)
S2 = Fibonacci Pivot – 0.618 * (High – Low)
S3 = Fibonacci Pivot – 1.000 * (High – Low)
R1 = Fibonacci Pivot + 0.382 * (High – Low)
R2 = Fibonacci Pivot + 0.618 * (High – Low)
R3 = Fibonacci Pivot + 1.000 * (High – Low)
 
BenTen

BenTen

Administrative
Staff member
Staff
VIP
Lifetime
Have you tried searching for it on here? I think we posted a few Fibs and Pivots related indicators.
 
korygill

korygill

Well-known member
VIP
This study is the thinkorswim version of the same study for Interactive Brokers.

The description of the study is found here:
https://www.interactivebrokers.com/...k/technicalanalytics/fibonaccipivotpoints.htm

This is what it looks like on the IB chart

kdiXRmN.png


This is what it looks like on the thinkorswim chart

8W9vbex.png


The code is the fibs based on prev day close (could change to weekly, monthly if desired with some modification).

Pivot point studies highlight prices considered to be a likely turning point when looking at values from a previous period, whether it be daily, weekly, quarterly or annual. Each pivot point study has its own characteristics on how these points are calculated. The formula applied for the Fibonacci Pivot Points is:

Pivot Point (P) = (High + Low + Close)/3
Support 1 (S1) = P - {.382 * (High - Low)}
Support 2 (S2) = P - {.618 * (High - Low)}
Support 3 (S3) = P - {1 * (High - Low)}
Resistance 1 (R1) = P + {.382 * (High - Low)}
Resistance 2 (R2) = P + {.618 * (High - Low)}
Resistance 3 (R3) = P + {1 * (High - Low)}

thinkScript code

Code: 
# IB_Fib_Pivots
# Author: Kory Gill, @korygill
#
# VERSION HISTORY (sortable date and time (your local time is fine), and your initials
# 20190906-1900-KG    - Created.
# ...
# ...

declare hide_on_daily;
declare once_per_bar;

input AggregationPeriod = AggregationPeriod.DAY;

#
# logic
#
def nan = Double.NaN;
def isRollover = GetYYYYMMDD() != GetYYYYMMDD()[1];
def beforeStart = GetTime() < RegularTradingStart(GetYYYYMMDD());
def afterEnd = GetTime() > RegularTradingEnd(GetYYYYMMDD());
def firstBarOfDay = if (beforeStart[1] == 1 and beforeStart == 0) or (isRollover and beforeStart == 0) then 1 else 0;
def lastBarOfDay = if
    (afterEnd[-1] == 1 and afterEnd == 0) or
    (isRollover[-1] and firstBarOfDay[-1])
    then 1
    else 0;

#
# See this page for how to calculate the indicator
# https://www.interactivebrokers.com/en/software/tws/usersguidebook/technicalanalytics/fibonaccipivotpoints.htm
# Pivot Point (P) = (High + Low + Close)/3
# Support 1 (S1) = P - {.382 * (High - Low)}
# Support 2 (S2) = P - {.618 * (High - Low)}
# Support 3 (S3) = P - {1 * (High - Low)}
# Resistance 1 (R1) = P + {.382 * (High - Low)}
# Resistance 2 (R2) = P + {.618 * (High - Low)}
# Resistance 3 (R3) = P + {1 * (High - Low)}
#

def pc = close(period = AggregationPeriod)[1];
def ph = high(period = AggregationPeriod)[1];
def pl = low(period = AggregationPeriod)[1];

#Pivot Point (P) = (High + Low + Close)/3
#Support 1 (S1) = P - {.382 * (High - Low)}
#Support 2 (S2) = P - {.618 * (High - Low)}
#Support 3 (S3) = P - {1 * (High - Low)}
#Resistance 1 (R1) = P + {.382 * (High - Low)}
#Resistance 2 (R2) = P + {.618 * (High - Low)}
#Resistance 3 (R3) = P + {1 * (High - Low)}

def delta = ph - pl;
def pp = if firstBarOfDay then (pc+ph+pl)/3 else if lastBarOfDay then nan else pp[1];
def s1 = if firstBarOfDay then pp - (.382 * delta) else if lastBarOfDay then nan else s1[1];
def s2 = if firstBarOfDay then pp - (.618 * delta) else if lastBarOfDay then nan else s2[1];
def s3 = if firstBarOfDay then pp - (1 * delta) else if lastBarOfDay then nan else s3[1];
def r1 = if firstBarOfDay then pp + (.382 * delta) else if lastBarOfDay then nan else r1[1];
def r2 = if firstBarOfDay then pp + (.618 * delta) else if lastBarOfDay then nan else r2[1];
def r3 = if firstBarOfDay then pp + (1 * delta) else if lastBarOfDay then nan else r3[1];

plot ppp = pp;
plot ps1 = s1;
plot ps2 = s2;
plot ps3 = s3;
plot pr1 = r1;
plot pr2 = r2;
plot pr3 = r3;

ppp.SetDefaultColor(Color.Red);
ps1.SetDefaultColor(Color.Green);
ps2.SetDefaultColor(Color.White);
ps3.SetDefaultColor(Color.Magenta);
pr1.SetDefaultColor(Color.Yellow);
pr2.SetDefaultColor(Color.Violet);
pr3.SetDefaultColor(Color.Blue);

Link to the study

https://tos.mx/xPiy57
 
korygill

korygill

Well-known member
VIP
@RDMercer are you saying the two screenshots I included in the original post do not work for you, or you found some condition where the study does not work? Your post gives no insight into what does not work for you.
 
R

RDMercer

Member
korygill said:
@RDMercer are you saying the two screenshots I included in the original post do not work for you, or you found some condition where the study does not work? Your post gives no insight into what does not work for you.
Click to expand...
The study seems not to function over all time frames other than intra day or short time frame integration. (1min, 5min, etc) It doesn't work for a 1 y 1d or Wk or larger time frame. Granted, this mat be as designed / intended, might not have every setting 100% correct, or perhaps I misunderstood the study functionality to start with.
 
korygill

korygill

Well-known member
VIP
Ahh...I put this in the original post

The code is the fibs based on prev day close (could change to weekly, monthly if desired with some modification).
Click to expand...

It would take more work to have this work on all charts/time frames.
 
H

haha54

Member
Does anyone know how to run a scan using a program available here that would allow me to find stocks that crossed above the Fibonacci Pivot Point on the Daily Chart? I don't want Support lines 123 or Resistance lines 123 just the Fibonacci Pivot point.
Thanks
 
A

Antares66

Member
Hello, does anyone know where i can find the fibonacci pivot point indicator?
I found it for tradingview. The indicator shows on the chart the monthly fibonacci level and
three support and resistance levels as a line. I find the indicator very useful.
Thanks
 
A

Antares66

Member
It doesn´t calculate the pivot levels for the month correctly, instead it´s calculating only for the last day.
I would like to get the monthly pivot levels and plotted them on the daily.
 
S

SleepyZ

Well-known member
VIP
Lifetime
Antares66 said:
Hello, does anyone know where i can find the fibonacci pivot point indicator?
I found it for tradingview. The indicator shows on the chart the monthly fibonacci level and
three support and resistance levels as a line. I find the indicator very useful.
Thanks
Click to expand...
This should help you get started.
Capture.jpg
Ruby: 
#Fibonacci Pivot Points

input timeFrame     = AggregationPeriod.DAY;
input displace      = 0;#hint displace: 0=Today; 1=Yesterday; .... etc;
input lines         = {default dashes, points, triangles, horizontal, squares};
input showOnlyToday = no;

input showBubble    = yes;
input ShiftBubble   = 5;
def   n1            = ShiftBubble + 1;

def range           = (high(period = timeFrame)[displace] - low(period = timeFrame)[displace]) ;

plot R4;
plot R3;
plot R2;
plot R1;
plot PP;
plot S1;
plot S2;
plot S3;
plot S4;

if showOnlyToday and !IsNaN(close(period = timeFrame)[-1])
then {
    R1 = Double.NaN;
    R2 = Double.NaN;
    R3 = Double.NaN;
    R4 = Double.NaN;
    PP = Double.NaN;
    S1 = Double.NaN;
    S2 = Double.NaN;
    S3 = Double.NaN;
    S4 = Double.NaN;

} else {

    PP = (high(period = timeFrame)[displace] + low(period = timeFrame)[displace] + close(period = timeFrame)[displace]) / 3;
    R1 = PP + (range * .382);
    R2 = PP + (range * .618);
    R3 = PP + (range * 1.0);
    R4 = PP + (range * 1.618);
    S1 = PP - (range * .382);
    S2 = PP - (range * .618);
    S3 = PP - (range * 1.0);
    S4 = PP - (range * 1.618);

}

PP.SetDefaultColor(Color.WHITE);
R1.SetDefaultColor(Color.RED);
R2.SetDefaultColor(Color.RED);
R3.SetDefaultColor(Color.RED);
R4.SetDefaultColor(Color.RED);
S1.SetDefaultColor(Color.GREEN);
S2.SetDefaultColor(Color.GREEN);
S3.SetDefaultColor(Color.GREEN);
S4.SetDefaultColor(Color.GREEN);

def paintingStrategy = if lines == lines.points then PaintingStrategy.POINTS
                       else if lines == lines.triangles then PaintingStrategy.TRIANGLES
                       else if lines == lines.dashes then PaintingStrategy.DASHES
                       else if lines == lines.horizontal then PaintingStrategy.HORIZONTAL
                       else PaintingStrategy.SQUARES;

PP.SetPaintingStrategy(paintingStrategy);
R1.SetPaintingStrategy(paintingStrategy);
R2.SetPaintingStrategy(paintingStrategy);
R3.SetPaintingStrategy(paintingStrategy);
R4.SetPaintingStrategy(paintingStrategy);
S1.SetPaintingStrategy(paintingStrategy);
S2.SetPaintingStrategy(paintingStrategy);
S3.SetPaintingStrategy(paintingStrategy);
S4.SetPaintingStrategy(paintingStrategy);

def cond = showBubble and IsNaN(close[ShiftBubble]) and !IsNaN(close[n1]) ;
input show_bubble_price = yes;
AddChartBubble(cond, R1, "R1\n" + (if !show_bubble_price then Double.NaN else Round(R1)), Color.MAGENTA);
AddChartBubble(cond, R2, "R2\n" + (if !show_bubble_price then Double.NaN else Round(R2)), Color.MAGENTA);
AddChartBubble(cond, R3, "R3\n" + (if !show_bubble_price then Double.NaN else Round(R3)), Color.MAGENTA);
AddChartBubble(cond, R4, "R4\n" + (if !show_bubble_price then Double.NaN else Round(R4)), Color.MAGENTA);
AddChartBubble(cond, PP, "PP\n" + (if !show_bubble_price then Double.NaN else Round(PP)), Color.MAGENTA);
AddChartBubble(cond, S1, "S1\n" + (if !show_bubble_price then Double.NaN else Round(S1)), Color.MAGENTA);
AddChartBubble(cond, S2, "S2\n" + (if !show_bubble_price then Double.NaN else Round(S2)), Color.MAGENTA);
AddChartBubble(cond, S3, "S3\n" + (if !show_bubble_price then Double.NaN else Round(S3)), Color.MAGENTA);
AddChartBubble(cond, S4, "S4\n" + (if !show_bubble_price then Double.NaN else Round(S4)), Color.MAGENTA);

PP.HideBubble();
R1.HideBubble();
R2.HideBubble();
R3.HideBubble();
R4.HideBubble();
S1.HideBubble();
S2.HideBubble();
S3.HideBubble();
S4.HideBubble();
#####
Click to expand...
 
E

eulin87

Member
SleepyZ said:
This should help you get started.
Click to expand...
i am trying to add chart bubbles to the lines. trying to mess with the code but im not so good at it. Any help please? :)

Anyway to convert this to only show during regular trading hours?


And also possible to plot the Mid Points as well? Thank you!
 
Last edited by a moderator:
E

Eneashjk

New member
VIP
Hi, I found this indicator in the forum, I would like to add color painted area between 0,5-0.618 fib and 1.00-1.38 fib (the same with -0,5- to 0,618 and -1.00 to -1.382).
Can anyone help me please?
Code: 
#Fibonacci Pivot Points

input timeFrame     = AggregationPeriod.DAY;
input displace      = 0;#hint displace: 0=Today; 1=Yesterday; .... etc;
input lines         = {default dashes, points, triangles, horizontal, squares};
input showOnlyToday = no;

input showBubble    = yes;
input ShiftBubble   = 5;
def   n1            = ShiftBubble + 1;

def range           = (high(period = timeFrame)[displace] - low(period = timeFrame)[displace]) ;

plot R4;
plot R3;
plot R2;
plot R1;
plot PP;
plot S1;
plot S2;
plot S3;
plot S4;

if showOnlyToday and !IsNaN(close(period = timeFrame)[-1])
then {
    R1 = Double.NaN;
    R2 = Double.NaN;
    R3 = Double.NaN;
    R4 = Double.NaN;
    PP = Double.NaN;
    S1 = Double.NaN;
    S2 = Double.NaN;
    S3 = Double.NaN;
    S4 = Double.NaN;

} else {

    PP = (high(period = timeFrame)[displace] + low(period = timeFrame)[displace] + close(period = timeFrame)[displace]) / 3;
    R1 = PP + (range * .5);
    R2 = PP + (range * .618);
    R3 = PP + (range * 1.0);
    R4 = PP + (range * 1.382);
    S1 = PP - (range * .5);
    S2 = PP - (range * .618);
    S3 = PP - (range * 1.0);
    S4 = PP - (range * 1.382);

}

PP.SetDefaultColor(Color.WHITE);
R1.SetDefaultColor(Color.RED);
R2.SetDefaultColor(Color.RED);
R3.SetDefaultColor(Color.RED);
R4.SetDefaultColor(Color.RED);
S1.SetDefaultColor(Color.GREEN);
S2.SetDefaultColor(Color.GREEN);
S3.SetDefaultColor(Color.GREEN);
S4.SetDefaultColor(Color.GREEN);

def paintingStrategy = if lines == lines.points then PaintingStrategy.POINTS
                       else if lines == lines.triangles then PaintingStrategy.TRIANGLES
                       else if lines == lines.dashes then PaintingStrategy.DASHES
                       else if lines == lines.horizontal then PaintingStrategy.HORIZONTAL
                       else PaintingStrategy.SQUARES;

PP.SetPaintingStrategy(paintingStrategy);
R1.SetPaintingStrategy(paintingStrategy);
R2.SetPaintingStrategy(paintingStrategy);
R3.SetPaintingStrategy(paintingStrategy);
R4.SetPaintingStrategy(paintingStrategy);
S1.SetPaintingStrategy(paintingStrategy);
S2.SetPaintingStrategy(paintingStrategy);
S3.SetPaintingStrategy(paintingStrategy);
S4.SetPaintingStrategy(paintingStrategy);

def cond = showBubble and IsNaN(close[ShiftBubble]) and !IsNaN(close[n1]) ;
input show_bubble_price = yes;
AddChartBubble(cond, R1, "R1\n" + (if !show_bubble_price then Double.NaN else Round(R1)), Color.MAGENTA);
AddChartBubble(cond, R2, "R2\n" + (if !show_bubble_price then Double.NaN else Round(R2)), Color.MAGENTA);
AddChartBubble(cond, R3, "R3\n" + (if !show_bubble_price then Double.NaN else Round(R3)), Color.MAGENTA);
AddChartBubble(cond, R4, "R4\n" + (if !show_bubble_price then Double.NaN else Round(R4)), Color.MAGENTA);
AddChartBubble(cond, PP, "PP\n" + (if !show_bubble_price then Double.NaN else Round(PP)), Color.MAGENTA);
AddChartBubble(cond, S1, "S1\n" + (if !show_bubble_price then Double.NaN else Round(S1)), Color.MAGENTA);
AddChartBubble(cond, S2, "S2\n" + (if !show_bubble_price then Double.NaN else Round(S2)), Color.MAGENTA);
AddChartBubble(cond, S3, "S3\n" + (if !show_bubble_price then Double.NaN else Round(S3)), Color.MAGENTA);
AddChartBubble(cond, S4, "S4\n" + (if !show_bubble_price then Double.NaN else Round(S4)), Color.MAGENTA);

PP.HideBubble();
R1.HideBubble();
R2.HideBubble();
R3.HideBubble();
R4.HideBubble();
S1.HideBubble();
S2.HideBubble();
S3.HideBubble();
S4.HideBubble();
#####
 
Joshua

Joshua

Well-known member
VIP
This will do one of them, the rest can be copied and pasted, and easily edited.

Code: 
#this can be used for everything, don't repeat it.
Def Toggle = 
    if !Toggle[1] and R1 != R1[1] then Yes
    else if Toggle[1] and R1 != R1[1] then No
    else Toggle[1]
;

#This will create one of the levels, repeat this for other levels.
#Change top1a to top2a, etc. Change R1 and R2 to what ever you want.

Def Top1a; Def Bot1a;
Def Top1b; Def Bot1b;

if Toggle {
    Top1a = R1;
    Top1b = Double.NaN;
    Bot1a = R2;
    Bot1b = Double.NaN;
} else {
    Top1a = Double.NaN;
    Top1b = R1;
    Bot1a = Double.NaN;
    Bot1b = R2;

}
AddCloud(Top1a,Bot1a);
AddCloud(Top1b,Bot1b);
 
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