[pp] Fib Alerts

The [pp] Fib Alerts indicator allows users to automate Fibonacci-based trading strategies by using interactive price selection and customizable alert triggers. This tool enables traders to define specific retracement and extension levels to receive immediate notifications when price action interacts with key Fibonacci zones.

Usage

To use the tool, follow these steps:

1. Add the indicator to your chart.
2. Upon loading, use the interactive price selection to place the Bottom price (the start of your Fibonacci drawing) and the Top price (the end of your drawing).
3. The script will automatically project Fibonacci levels based on these two points.
4. Levels greater than 0 (e.g., 0.382, 0.618) are typically used for retracements and buying opportunities.
5. Levels less than 0 (e.g., -0.113, -0.27) are typically used for extensions and selling opportunities.
6. Configure your "Buy Alert Message" and "Sell Alert Message" in the settings to integrate with webhooks or manual notifications.

Details

The script utilizes the input.price() function to allow for dynamic placement without manual coordinate entry. It includes a "Realtime Lock" mechanism to prevent labels from repainting or flickering during live price movement. The logic tracks price crosses per level; once a specific Fibonacci price level is crossed, the associated alert triggers once per bar. To avoid repetitive noise, the script can be configured to track "violations" so that multiple orders are not triggered at the same stagnant price point.

Settings

Levels

• Use Log: Toggles logarithmic calculation for Fibonacci levels.
• Levels Offset: Adjusts the horizontal offset of the level lines and labels for better visibility.
• Bottom / Top: Interactive price inputs to define the range of the Fibonacci calculation.
• Fibonacci Inputs: Each level (e.g., 0.382, 0.5) has a toggle to enable/disable it, a numeric value field, a color picker, and a direction selector (Buy, Sell, or None).

Custom Alerts

• Use Custom Alerts: Enables the standard TradingView alert system.
• Buy/Sell Alert Message: Custom text strings to be sent when a "Buy" or "Sell" designated level is crossed.

3 Commas Integration

• Use 3 Commas Alerts: Enables specialized formatting for 3 Commas bot automation.
• Bot Id / Email Token: Required credentials for 3 Commas webhook integration.

FAQ

How do I access [pp] Fib Alerts?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

Can I change the specific Fibonacci ratios used?

Yes, every level can be manually adjusted in the "Levels" section of the settings menu to fit your specific strategy requirements.

Why didn't my alert trigger multiple times on the same bar?

The script is optimized with a once_per_bar frequency and realtime locking to ensure stability and prevent excessive executions during high volatility.