by 
This strategy plots VWMA-based Bollinger bands on the 1-minute ES futures price chart for volatility analysis and potential breakout identification. It calculates dynamic long and short stop loss and take profit levels using percentage inputs relative to entry
Strategy · Pine Script v5 · On the chart
Sapphire FiboBands Strategy
This strategy plots Fibonacci Bollinger Bands on the price chart.
GitHub stars3on the repository
Pine versionv5runs as is
Lines of code157
Settings20inputs
LicenceNone stated
Last update1 year ago10 Jan 2025
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 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
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Sapphire FiboBands Strategy generates buy and sell signals based on selected Fibonacci ratios (1.618, 2.618, or 4.236) combined with Bollinger Band calculations using a configurable source and length. Trades enter on matching buy and sell signals with optional profit targets or stop losses in percentage terms. Main settings adjust the Fibonacci level used for signals, signal offset, and optional time-of-day filters to close positions. It defaults to one contract per trade on the price chart.
- Fibonacci Bollinger Bands
- FiboBands Strategy
- Fibonacci Ratios
- Trade Management
- Time of Day Filter
Details
Published by
sapphire-edge on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Volatility & bands, Support & resistance, Trend
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Length | int | 20 | length |
| Source | source | close | src |
| Offset | int | 0 | offset |
| Fibonacci Ratio 1 | float | 1.618 | fibo1 |
| Fibonacci Ratio 2 | float | 2.618 | fibo2 |
| Fibonacci Ratio 3 | float | 4.236 | fibo3 |
| Fibonacci Buy | string | Fibo 1 | fiboBuy |
| Fibonacci Sell | string | Fibo 1 | fiboSell |
| Show Signals | bool | true | showSignals |
| Signal Vertical Offset | int | 5 | signalOffset |
| Enable Profit Target | bool | false | useProfitPerc |
| Take Profit (%) | float | 1.0 | takeProfitPerc |
Show all 20 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Enable Stop Loss | bool | false | useStopLossPerc |
| Stop Loss (%) | float | 1.0 | stopLossPerc |
| Enable Time Filter 1 | bool | false | useTimeFilter1 |
| Start Hour (24-hour format) | int | 0 | startHour1 |
| Start Minute | int | 0 | startMinute1 |
| End Hour (24-hour format) | int | 23 | endHour1 |
| End Minute | int | 45 | endMinute1 |
| Close Trades at End of Time Window | bool | false | closeAtEndTimeWindow |
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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