Optimized Volume + Fibonacci + T…: Free TradingView Strategy (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above, or the copy button on the code below.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.

Source Code

57 lines of Pine Script v5 from Scripts/FibTrend_ATR.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

FibTrend_ATR.pine

//@version=5
// DISCLAIMER: This script is for educational purposes only.  
// Use it at your own risk. No guarantee of profitability.  

strategy("Optimized Volume + Fibonacci + Trend + ATR Strategy", overlay=true)

// Input settings
length = input(24, title="Volume Lookback Period")
fibLevel1 = input(0.618, title="Fibonacci Level 1")
fibLevel2 = input(0.5, title="Fibonacci Level 2")
riskReward = input(3.0, title="Risk to Reward Ratio")  // Increased R:R for maximizing profits
smaLength = input(200, title="SMA Length for Trend Filter")  
atrLength = input(14, title="ATR Length")  
trailPerc = input(1.5, title="Trailing Stop %") / 100  // Trailing stop for maximizing profit
emaShort = input(9, title="Short EMA")  
emaLong = input(26, title="Long EMA")  
lookbackPeriod = input(50, title="Fibonacci Lookback Period")

// Volume Calculation
volume24 = ta.sma(volume, length)
volumeCondition = volume > volume24

// Fibonacci Calculation
var float highLevel = na
var float lowLevel = na
if (bar_index >= lookbackPeriod)
    highLevel := ta.highest(high, lookbackPeriod)
    lowLevel := ta.lowest(low, lookbackPeriod)

fib618 = lowLevel + (highLevel - lowLevel) * fibLevel1
fib50 = lowLevel + (highLevel - lowLevel) * fibLevel2

plot(fib618, color=color.red, title="Fib 0.618")
plot(fib50, color=color.blue, title="Fib 0.5")

// Trend Confirmation
sma200 = ta.sma(close, smaLength)
emaFast = ta.ema(close, emaShort)
emaSlow = ta.ema(close, emaLong)

// ATR-based Stop Loss & Take Profit
atr = ta.atr(atrLength)
stopLoss = close - atr * 1.5  // Stop loss at 1.5x ATR
takeProfitATR = close + atr * riskReward  // Dynamic TP

// Buy Condition: Price > Fibonacci 0.618 + EMA Cross + Above SMA200 + Volume Surge
buyCondition = close > fib618 and emaFast > emaSlow and close > sma200 and volumeCondition
if (buyCondition)
    strategy.entry("Buy", strategy.long)

// Sell Condition: Price < Fibonacci 0.5 + Volume Surge (Exit Condition)
sellCondition = close < fib50 and volumeCondition
if (sellCondition)
    strategy.close("Buy")

// Exit Conditions (Maximized Profits)
strategy.exit("Take Profit ATR", from_entry="Buy", limit=takeProfitATR, stop=stopLoss, trail_price=close, trail_offset=close * trailPerc)

Overview

Long positions trigger when price exceeds the 0.618 Fibonacci level, price stays above a 200-period SMA, a fast EMA crosses above a slow EMA, and volume exceeds its moving average. The position exits if price falls below the 0.5 Fibonacci level on high volume, or hits ATR-based stop loss and take profit targets with trailing stop offsets. User settings control Fibonacci lookback periods, EMA lengths, and ATR risk-reward multipliers. It overlay plots directly on the price chart.

Fibonacci retracement support and resistance levels
200 SMA and dual EMA trend filters
Volume surge confirmation filter
Dynamic ATR stop loss and take profit levels
Trailing stop loss functionality

Details

Published by

11Muhil on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Forex, Crypto, Stocks

Timeframes

M15-H1, H4 and above

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

File

Scripts/FibTrend_ATR.pine

Repository

github.com/11Muhil/FibTrend-Pro-Strategy_Pinescript. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Volume Lookback Period	`int`	`24`	`length`
Fibonacci Level 1	`float`	`0.618`	`fibLevel1`
Fibonacci Level 2	`float`	`0.5`	`fibLevel2`
Risk to Reward Ratio	`float`	`3.0`	`riskReward`
SMA Length for Trend Filter	`int`	`200`	`smaLength`
ATR Length	`int`	`14`	`atrLength`
Trailing Stop %	`float`	`1.5`	`trailPerc`
Short EMA	`int`	`9`	`emaShort`
Long EMA	`int`	`26`	`emaLong`
Fibonacci Lookback Period	`int`	`50`	`lookbackPeriod`

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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More strategys

Optimized Volume + Fibonacci + Trend + ATR Strategy

Add It to Your TradingView Chart

Source Code

Overview

Details

Published by

Type

Draws

Category

Markets

Timeframes

Risk Notes

File

Repository

Settings

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