Tradingview Fib Bands For ThinkOrSwim

rip78

Member
Hi. This is my first post on this site so please bear with me. I found a great Fibonacci Bands study on TradingView. Coded by rstraat. (Not to be confused with the Fibonacci Bollinger Bands study on that site). Was hoping that someone here would be kind enough to convert it from PineScript to ThinkScript. The Fibonacci Bands is a dual channel study and so far has proven to be a very good support/resistance indicator. Support when it is moving up at roughly a 45 degree angle. Vise versa for resistance.
 
Last edited by a moderator:
Here is my converted code. You can choose line colors through the indicator properties as you want since I did not assign the line colors. If you still want specific colors, I can assign them easily later.
https://www.tradingview.com/script/JTq23GvH-Fibonacci-Bands/


Ruby:
input lenSMA = 50;
input lenATR = 14;
input firstFactor = 1.610;
input secondFactor = 2.618;
input thirdFactor = 4.236;
script MTF_ATR {
    input TF = AggregationPeriod.HOUR;
    input Length = 14;
    input averageType = AverageType.WILDERS;
    plot ATR =
        MovingAverage(
            averageType,
            TrueRange(
                high(period = TF),
                close(period = TF),
                low(period = TF)
            ),
            Length
        )
    ;
}
;
def VAtr = ATR(lenATR);
def vSma = Average(close, lenSMA);
def fib1u = vSma + VAtr * firstFactor;
def fib1l = vSma - VAtr * firstFactor;
def fib2u = vSma + VAtr * secondFactor;
def fib2l = vSma - VAtr * secondFactor;
def fib3u = vSma + VAtr * thirdFactor;
def fib3l = vSma - VAtr * thirdFactor;
plot band1upper = fib1u;
plot band1lower = fib1l;
plot band2upper = fib2u;
plot band2lower = fib2l;
plot band3upper = fib3u;
plot band3lower = fib3l;
 
Last edited:
Here is my converted code. You can choose line colors through the indicator properties as you want since I did not assign the line colors. If you still want specific colors, I can assign them easily later.
https://www.tradingview.com/script/JTq23GvH-Fibonacci-Bands/


Ruby:
input lenSMA = 50;
input lenATR = 14;
input firstFactor = 1.610;
input secondFactor = 2.618;
input thirdFactor = 4.236;
script MTF_ATR {
    input TF = AggregationPeriod.HOUR;
    input Length = 14;
    input averageType = AverageType.WILDERS;
    plot ATR =
        MovingAverage(
            averageType,
            TrueRange(
                high(period = TF),
                close(period = TF),
                low(period = TF)
            ),
            Length
        )
    ;
}
;
def VAtr = ATR(lenATR);
def vSma = Average(close, lenSMA);
def fib1u = vSma + VAtr * firstFactor;
def fib1l = vSma - VAtr * firstFactor;
def fib2u = vSma + VAtr * secondFactor;
def fib2l = vSma - VAtr * secondFactor;
def fib3u = vSma + VAtr * thirdFactor;
def fib3l = vSma - VAtr * thirdFactor;
plot band1upper = fib1u;
plot band1lower = fib1l;
plot band2upper = fib2u;
plot band2lower = fib2l;
plot band3upper = fib3u;
plot band3lower = fib3l;
I assigned the line colors.

Ruby:
input lenSMA = 50;
input lenATR = 14;
input firstFactor = 1.610;
input secondFactor = 2.618;
input thirdFactor = 4.236;
script MTF_ATR {
    input TF = AggregationPeriod.HOUR;
    input Length = 14;
    input averageType = AverageType.WILDERS;
    plot ATR =
        MovingAverage(
            averageType,
            TrueRange(
                high(period = TF),
                close(period = TF),
                low(period = TF)
            ),
            Length
        )
    ;
}
;
def VAtr = ATR(lenATR);
def vSma = Average(close, lenSMA);
def fib1u = vSma + VAtr * firstFactor;
def fib1l = vSma - VAtr * firstFactor;
def fib2u = vSma + VAtr * secondFactor;
def fib2l = vSma - VAtr * secondFactor;
def fib3u = vSma + VAtr * thirdFactor;
def fib3l = vSma - VAtr * thirdFactor;
plot band1upper = fib1u;
band1upper.SetDefaultColor(GetColor(9));
plot band1lower = fib1l;
band1lower.SetDefaultColor(GetColor(9));
plot band2upper = fib2u;
band2upper.SetDefaultColor(GetColor(6));
plot band2lower = fib2l;
band2lower.SetDefaultColor(GetColor(6));
plot band3upper = fib3u;
band3upper.SetDefaultColor(GetColor(5));
plot band3lower = fib3l;
band3lower.SetDefaultColor(GetColor(5));
 
Wow! Thank you Petergluis ! You help is much appreciated. Looks like this is actually a 6 band study. The first two bands were white on TradingView, thus I did not notice them.
 
You are very welcome. I can add more bands if you would like. I add band colors for you.
Ruby:
input lenSMA = 50;
input lenATR = 14;
input firstFactor = 1.610;
input secondFactor = 2.618;
input thirdFactor = 4.236;
script MTF_ATR {
    input TF = AggregationPeriod.HOUR;
    input Length = 14;
    input averageType = AverageType.WILDERS;
    plot ATR =
        MovingAverage(
            averageType,
            TrueRange(
                high(period = TF),
                close(period = TF),
                low(period = TF)
            ),
            Length
        )
    ;
}
;
def VAtr = ATR(lenATR);
def vSma = Average(close, lenSMA);
def fib1u = vSma + VAtr * firstFactor;
def fib1l = vSma - VAtr * firstFactor;
def fib2u = vSma + VAtr * secondFactor;
def fib2l = vSma - VAtr * secondFactor;
def fib3u = vSma + VAtr * thirdFactor;
def fib3l = vSma - VAtr * thirdFactor;
plot band1upper = fib1u;
band1upper.SetDefaultColor(GetColor(9));
plot band1lower = fib1l;
band1lower.SetDefaultColor(GetColor(9));
plot band2upper = fib2u;
band2upper.SetDefaultColor(GetColor(6));
plot band2lower = fib2l;
band2lower.SetDefaultColor(GetColor(6));
plot band3upper = fib3u;
band3upper.SetDefaultColor(GetColor(5));
plot band3lower = fib3l;
band3lower.SetDefaultColor(GetColor(5));
AddCloud(band1upper, band1lower, color.light_green, color.light_green);
AddCloud(band2upper, band3upper, color.yellow, color.yellow);
AddCloud(band2upper, band1upper, color.cyan, color.cyan);
AddCloud(band1upper, band1lower, color.light_green, color.light_green);
AddCloud(band2lower, band3lower, color.yellow, color.yellow);
AddCloud(band2lower, band1lower, color.cyan, color.cyan);
 
You are very welcome. I can add more bands if you would like. I add band colors for you.
Ruby:
input lenSMA = 50;
input lenATR = 14;
input firstFactor = 1.610;
input secondFactor = 2.618;
input thirdFactor = 4.236;
script MTF_ATR {
    input TF = AggregationPeriod.HOUR;
    input Length = 14;
    input averageType = AverageType.WILDERS;
    plot ATR =
        MovingAverage(
            averageType,
            TrueRange(
                high(period = TF),
                close(period = TF),
                low(period = TF)
            ),
            Length
        )
    ;
}
;
def VAtr = ATR(lenATR);
def vSma = Average(close, lenSMA);
def fib1u = vSma + VAtr * firstFactor;
def fib1l = vSma - VAtr * firstFactor;
def fib2u = vSma + VAtr * secondFactor;
def fib2l = vSma - VAtr * secondFactor;
def fib3u = vSma + VAtr * thirdFactor;
def fib3l = vSma - VAtr * thirdFactor;
plot band1upper = fib1u;
band1upper.SetDefaultColor(GetColor(9));
plot band1lower = fib1l;
band1lower.SetDefaultColor(GetColor(9));
plot band2upper = fib2u;
band2upper.SetDefaultColor(GetColor(6));
plot band2lower = fib2l;
band2lower.SetDefaultColor(GetColor(6));
plot band3upper = fib3u;
band3upper.SetDefaultColor(GetColor(5));
plot band3lower = fib3l;
band3lower.SetDefaultColor(GetColor(5));
AddCloud(band1upper, band1lower, color.light_green, color.light_green);
AddCloud(band2upper, band3upper, color.yellow, color.yellow);
AddCloud(band2upper, band1upper, color.cyan, color.cyan);
AddCloud(band1upper, band1lower, color.light_green, color.light_green);
AddCloud(band2lower, band3lower, color.yellow, color.yellow);
AddCloud(band2lower, band1lower, color.cyan, color.cyan);
I add a central line to the indicator.

Ruby:
input lenSMA = 50;
input lenATR = 14;
input firstFactor = 1.610;
input secondFactor = 2.618;
input thirdFactor = 4.236;
script MTF_ATR {
    input TF = AggregationPeriod.HOUR;
    input Length = 14;
    input averageType = AverageType.WILDERS;
    plot ATR =
        MovingAverage(
            averageType,
            TrueRange(
                high(period = TF),
                close(period = TF),
                low(period = TF)
            ),
            Length
        )
    ;
}
;
def VAtr = ATR(lenATR);
def vSma = Average(close, lenSMA);
def fib1u = vSma + VAtr * firstFactor;
def fib1l = vSma - VAtr * firstFactor;
def fib2u = vSma + VAtr * secondFactor;
def fib2l = vSma - VAtr * secondFactor;
def fib3u = vSma + VAtr * thirdFactor;
def fib3l = vSma - VAtr * thirdFactor;
plot  Centerline = vSma;
plot band1upper = fib1u;
band1upper.SetDefaultColor(GetColor(9));
plot band1lower = fib1l;
band1lower.SetDefaultColor(GetColor(9));
plot band2upper = fib2u;
band2upper.SetDefaultColor(GetColor(6));
plot band2lower = fib2l;
band2lower.SetDefaultColor(GetColor(6));
plot band3upper = fib3u;
band3upper.SetDefaultColor(GetColor(5));
plot band3lower = fib3l;
band3lower.SetDefaultColor(GetColor(5));
AddCloud(band1upper, band1lower, color.light_green, color.light_green);
AddCloud(band2upper, band3upper, color.yellow, color.yellow);
AddCloud(band2upper, band1upper, color.cyan, color.cyan);
AddCloud(band1upper, band1lower, color.light_green, color.light_green);
AddCloud(band2lower, band3lower, color.yellow, color.yellow);
AddCloud(band2lower, band1lower, color.cyan, color.cyan);
 
I used four pairs of Fib bands based on Fibonacci values of 1.618, 2.618, 3.618 and 4.236.
Ruby:
input lenSMA = 50;
input lenATR = 14;
input firstFactor = 1.610;
input secondFactor = 2.618;
input thirdFactor = 3.618;
input fourthFactor = 4.236;

script MTF_ATR {
    input TF = AggregationPeriod.HOUR;
    input Length = 14;
    input averageType = AverageType.WILDERS;
    plot ATR =
        MovingAverage(
            averageType,
            TrueRange(
                high(period = TF),
                close(period = TF),
                low(period = TF)
            ),
            Length
        )
    ;
}
;
def VAtr = ATR(lenATR);
def vSma = Average(close, lenSMA);
def fib1u = vSma + VAtr * firstFactor;
def fib1l = vSma - VAtr * firstFactor;
def fib2u = vSma + VAtr * secondFactor;
def fib2l = vSma - VAtr * secondFactor;
def fib3u = vSma + VAtr * thirdFactor;
def fib3l = vSma - VAtr * thirdFactor;
def fib4u = vSma + VAtr * fourthFactor;
def fib4l = vSma - VAtr * fourthFactor;
plot  Centerline = vSma;
plot band1upper = fib1u;
band1upper.SetDefaultColor(GetColor(9));
plot band1lower = fib1l;
band1lower.SetDefaultColor(GetColor(9));
plot band2upper = fib2u;
band2upper.SetDefaultColor(GetColor(6));
plot band2lower = fib2l;
band2lower.SetDefaultColor(GetColor(6));
plot band3upper = fib3u;
band3upper.SetDefaultColor(GetColor(5));
plot band3lower = fib3l;
band3lower.SetDefaultColor(GetColor(5));
plot band4upper = fib4u;
band3upper.SetDefaultColor(GetColor(5));
plot band4lower = fib4l;
band3lower.SetDefaultColor(GetColor(5));

AddCloud(band1upper, band1lower, color.light_green, color.light_green);
AddCloud(band2upper, band3upper, color.yellow, color.yellow);
AddCloud(band2upper, band1upper, color.cyan, color.cyan);
AddCloud(band2lower, band3lower, color.yellow, color.yellow);
AddCloud(band2lower, band1lower, color.cyan, color.cyan);
AddCloud(band4lower, band3lower, color.red, color.red);
AddCloud(band4upper, band3upper, color.red, color.red);
 
Last edited:
I add daily high and low to Fib bands.

Ruby:
input lenSMA = 50;
input lenATR = 14;
input firstFactor = 1.610;
input secondFactor = 2.618;
input thirdFactor = 3.618;
input fourthFactor = 4.236;
input sPeriod = {default DAY};
def offset = 1;

script MTF_ATR {
    input TF = AggregationPeriod.HOUR;
    input Length = 14;
    input averageType = AverageType.WILDERS;
    plot ATR =
        MovingAverage(
            averageType,
            TrueRange(
                high(period = TF),
                close(period = TF),
                low(period = TF)
            ),
            Length
        )
    ;
}
;
def VAtr = ATR(lenATR);
def vSma = Average(close, lenSMA);
def fib1u = vSma + VAtr * firstFactor;
def fib1l = vSma - VAtr * firstFactor;
def fib2u = vSma + VAtr * secondFactor;
def fib2l = vSma - VAtr * secondFactor;
def fib3u = vSma + VAtr * thirdFactor;
def fib3l = vSma - VAtr * thirdFactor;
def fib4u = vSma + VAtr * fourthFactor;
def fib4l = vSma - VAtr * fourthFactor;
plot  Centerline = vSma;
plot band1upper = fib1u;
band1upper.SetDefaultColor(GetColor(9));
plot band1lower = fib1l;
band1lower.SetDefaultColor(GetColor(9));
plot band2upper = fib2u;
band2upper.SetDefaultColor(GetColor(6));
plot band2lower = fib2l;
band2lower.SetDefaultColor(GetColor(6));
plot band3upper = fib3u;
band3upper.SetDefaultColor(GetColor(5));
plot band3lower = fib3l;
band3lower.SetDefaultColor(GetColor(5));
plot band4upper = fib4u;
band3upper.SetDefaultColor(GetColor(5));
plot band4lower = fib4l;
band3lower.SetDefaultColor(GetColor(5));

AddCloud(band1upper, band1lower, color.light_green, color.light_green);
AddCloud(band2upper, band3upper, color.yellow, color.yellow);
AddCloud(band2upper, band1upper, color.cyan, color.cyan);
AddCloud(band2lower, band3lower, color.yellow, color.yellow);
AddCloud(band2lower, band1lower, color.cyan, color.cyan);
AddCloud(band4lower, band3lower, color.red, color.red);
AddCloud(band4upper, band3upper, color.red, color.red);

def varhigh = high(period = sPeriod)[offset];
def varlow = low(period = sPeriod)[offset];
def h = fold ih = 0 to 1 while !IsNaN(close[10]) do varhigh;
def l = fold il = 0 to 1 while !IsNaN(close[10]) do varlow;

plot DayHigh = if h > 1 then h else Double.NaN;
DayHigh.SetPaintingStrategy(PaintingStrategy.LINE);
DayHigh.SetDefaultColor(Color.LIGHT_GREEN);

plot DayLow = if l > 1 then l else Double.NaN;
DayLow.SetPaintingStrategy(PaintingStrategy.LINE);
DayLow.SetDefaultColor(Color.LIGHT_RED);

AddCloud(if close > DayHigh or close[-1] > DayHigh then DayHigh else Double.NEGATIVE_INFINITY,if close > DayHigh or close[-1] > DayHigh then DayLow else Double.NEGATIVE_INFINITY,color.LIGHT_GREEN,color.LIGHT_GREEN,no);

AddCloud(if close < DayLow or close[-1] < DayLow then DayHigh else Double.NEGATIVE_INFINITY,if close < DayLow or close[-1] < DayLow then DayLow else Double.NEGATIVE_INFINITY,color.LIGHT_RED,color.LIGHT_RED,no);

AddCloud(if (close <= DayHigh and close >= DayLow) or (close[-1] <= DayHigh and close[-1] >= DayLow) then DayHigh else Double.NEGATIVE_INFINITY,if (close <= DayHigh and close >= DayLow) or (close[-1] <= DayHigh and close[-1] >= DayLow) then DayLow else Double.NEGATIVE_INFINITY,color.LIGHT_GRAY,color.LIGHT_GRAY,no);
 
petergluis,

You have really added some awesome modifications to this study. Thank you for all of these great improvements! I will definitely be using your latest version on my charts.
 
petergluis,

You have really added some awesome modifications to this study. Thank you for all of these great improvements! I will definitely be using your latest version on my charts.
You are very welcome. Please let me know if you have further requirements.
 

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