AUTO-FIBONACCI Tool • Pine Script Tutorial

Want to learn Pine Script? Look no further. I have you covered!

This lesson breaks down the AUTO-FIBONACCI tool created by the TradingView developers.

With over 15 years of coding experience and 4+ years of trading experience, I specialize in TradingView's Pine Script programming language and I'm here to pass on everything I've learned about both trading and coding.

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▼Timestamps▼
00:00 - Intro
01:20 - Overview
02:41 - User Inputs
06:05 - Detecting Pivots
12:55 - Generating Impulsive Move Line
19:00 - Drawing Pivots & Fibonacci Ratios
28:38 - Summary & Outro

#PineScript #TradingView #Indicator

[TheArtOfTrading]

*Timestamps:*
00:00 - Intro
01:20 - Overview
02:41 - User Inputs
06:05 - Detecting Pivots
12:55 - Generating Impulsive Move Line
19:00 - Drawing Pivots & Fibonacci Ratios
28:38 - Summary & Outro

[matrofliomar]

Syukur Alhamdulliah, akhirnya saya berjumpa dengan guru pine script yang bermurah hati untuk berkongsi ilmu. semuanya PERCUMA.... Terima kasih

[trustFallIntoTheUniverse]

I swallowed the tough pill and decided to invest in the Mastery Course and have been watching it at .75x for the past few weeks. It's a slow grind but totally worth it! The content is great. The word doc I'm making to take notes is massive.
I understand you're incredibly busy, but how-about one on the theory aspect instead of the practical? Like, the process of turning an idea into a script? What's your thought process? Where I'm at in your course, the language is no longer foreign, and I can interpret what a script is doing. But to assemble the building blocks to create my own is a challenge. It's easy to look at someone's final product and see what's happening, but the thought of having to come up with that from start to finish myself is mindboggling. There are always so many things in the code I'd never think to add, even if it's obvious. I get this is part of the learning process, but anything would help!

For example, it took a hot minute to understand this:
startIndex := na(startIndex) ? (highIndex > lowIndex ? highIndex : lowIndex) : startIndex

The idea of drawing boxes sounds simple enough, but I'd never in a million years know that this is one piece of the larger puzzle. I'll accept that the answer is maybe I'm just dumb, but is there a specific way you think about what you're doing that leads you to the answer? Or is it just TLC/hard work/intuition and experience?


Or, ideas on effective/efficient learning? Like how to start small and build up? The information overload/ analysis paralysis is a real challenge for the beginner!
Or just any or anything you use to become a better trader and coder that isn't specifically writing lines of code. Like, any backend stuff.
Regardless, I appreciate the content :)

[ezrakoper]

I really love the way you explain and your voice and pace during the Video. This is one of my favorite PineScript Channels

[manta_ry]

Cant wait to get home and watch this in full. Very much appreicete your work!

[piper]

Is there a way to keep a look back of fibs on the chart? Once the new pivot is formed the old one disappears but can still be valid in the bigger leg.

[WIZARDcaptured]

Hi Matt! I’m loving your Pine script videos. I’ve been watching them nonstop for the past week and have already created my own profitable Bollinger Band strategy. I would suggest you make a video about tips and tricks and shortcuts for Pine script. I say this because I’m always scouring your videos, even if they’re irrelevant to what I’m trying to achieve, for new ideas to add to my scripts. Thanks!

[donzagh]

Hi, can anyone help me, how to write code for plot fibonaci not on the new pivot, but I need it on the last pivot? 🙏

[dr.ashokd.p.d.]

Sir how edit/add lable text in middle and how it works for custom candle with crossing moving average.

[kuljdkuljd]

Lovely explanation, I'll remember you when I make my millions!

[welcometomathy]

Hey Matt thx for the video upload, I struggle with drawings lines shapes and stuff can you point something on that?

[Sarah-vs-Hagar]

I tried to download the Autofib script you provided, but it said there was an error and could not be compiled. I tried to copy and paste the error from line 8, mismatched character, but it will not allow me to copy it to the note for you. Your thoughts please?

[chidinduuwaeziozi]

Many thanks for this. I have been tinkering with how to do this.
The cleaning up (annotations cm comments makes this easier to grab.

Concerning the reverse option, I think I find it useful. This is because the trend direction isn't the same for an uptrend and a downtrend, so I do not expect the zero and 100% mark to be fixed for both trends. An uptrend should have the zero (start) from the bottom, and a downtrend should have the zero (start) at the top. This signifies the right trend direction and should make the fib calculations match the trend and work better.

So, the code should have a way of knowing the trend direction and enable the reverse option by itself.

Great code.

[kitakoda]

I could use some help with setting candle conditions for my pine strategy

[emadsetayesh]

can you show how to identify harmonic patterns using pine ?

[jonchin]

How to set trading time session for Autoview to send the orders to Oanda and how to set Trading limit per day for Autoview as well :)

[krel]

I don't know how to code.. I just want to ask how will I be able to set the auto fib to draw a fib line over the last previous candle if the last previous candle is an outside bar candle...

[DATC]

It would be good to see what fib level price pivoted from during the previous swing hi and lows

[generedmon]

Hey Matt. Really enjoy all of the content you provide and have learned a lot. Much appreciated! ATR trailing stop in strategy is my archnemesis. Getting it to start when appropriate and start trailing on queue. Thanks for any guidance. Cheers

[Berghiker]

How do I work with more than 2 if statements?