13-week high, low, Fibonacci retracement levels, with 100SMA

29 thg 12, 2024

Indicator: 13 Week High/100 Day SMA/13 Week Low with 0.382, 0.5, and 0.618 Fibonacci Levels

Description:
This indicator for TradingView, written in Pine Script version 6, displays a table on the chart that provides a visual analysis of key price levels based on a 13-week timeframe and a 100-day Simple Moving Average (SMA).

Core Calculations:
13-Week High and Low: The indicator calculates the highest high and lowest low over the past 13 weeks using weekly data. This provides a longer-term perspective on the price range.
13-Week Fibonacci Retracement Levels: Based on the calculated 13-week high and low, the script determines the 0.382, 0.5, and 0.618 Fibonacci retracement levels. These levels are often used by traders to identify potential support and resistance areas.
100-Day SMA: The indicator calculates the 100-day Simple Moving Average of the closing price using daily data. The SMA is a widely used trend-following indicator.

Table Display:
The indicator presents the calculated values in a neatly formatted table on the chart.

The table includes the following information:
13W High: The highest price reached over the last 13 weeks.
13W Low: The lowest price reached over the last 13 weeks.
13W SMA: The calculated 100-day Simple Moving Average value.
Fibonacci Levels: The 0.382, 0.5 ("Mid"), and 0.618 Fibonacci retracement levels, labeled as "↗," "|," and "↘," respectively.

Dynamic SMA Coloring:
The 100-day SMA value in the table is dynamically colored to provide a quick visual indication of the current price's relationship to the SMA:
Teal: The current closing price is above the 100-day SMA, suggesting a potential uptrend.
Red: The current closing price is below the 100-day SMA, suggesting a potential downtrend.
Blue: The current closing price is equal to the 100-day SMA.