/*backtest
start: 2021-05-08 00:00:00
end: 2022-05-07 23:59:00
period: 4h
basePeriod: 15m
exchanges: [{"eid":"Futures_Binance","currency":"BTC_USDT"}]
*/
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Sofien-Kaabar
//@version = 5
indicator("Fibonacci Timing Pattern", overlay = true)
// FB Buy Setup
FB_Buy = close < close[3] and close < close[5] and
close[1] < close[4] and close[1] < close[6] and
close[2] < close[5] and close[2] < close[7] and
close[3] < close[6] and close[3] < close[8] and
close[4] < close[7] and close[4] < close[9] and
close[5] < close[8] and close[5] < close[10] and
close[6] < close[9] and close[6] < close[11] and
close[7] < close[10] and close[7] < close[12] and
close[8] > close[11]
if FB_Buy == true and FB_Buy[1] == true
FB_Buy == false
// FB Sell Setup
FB_Sell = close > close[3] and close > close[5] and
close[1] > close[4] and close[1] > close[6] and
close[2] > close[5] and close[2] > close[7] and
close[3] > close[6] and close[3] > close[8] and
close[4] > close[7] and close[4] > close[9] and
close[5] > close[8] and close[5] > close[10] and
close[6] > close[9] and close[6] > close[11] and
close[7] > close[10] and close[7] > close[12] and
close[8] < close[11]
if FB_Sell == true and FB_Sell[1] == true
FB_Sell == false
plotshape(FB_Buy, style = shape.triangleup, color = color.green, location = location.belowbar, size = size.small)
plotshape(FB_Sell, style = shape.triangledown, color = color.red, location = location.abovebar, size = size.small)
if FB_Buy
strategy.entry("buy", strategy.long)
else if FB_Sell
strategy.entry("sell", strategy.short)
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