I've made SMA/EMA's NOT based on the principle of the 2(1+1), 3(2+1), 5(3+2), 8(5+3), 13(8+5), 21(13+8), 34(21+13), 55(34+21), ... numbers, but based on these following Fibonacci numbers:
IMHO it is striking how these lines often act as Resistance/Support, although (except the 50, 100 & 500) they are not typical MA/EMA's.
They perform very well on every Timeframe as well!
Week:
3 Days:
1 Day:
4h:
1h:
Even on the 15 minutes:
Or 5':
Things to watch for:
Price compared to the Tiny or Big Fibma / Fibema (below or above) Price compared to important Fibma / Fibema (for example below or above MA 236, MA 764, MA 1000, ...)
Crossing of Fibma / Fibema 24/76, 236/764 and 38/62, 382/618 (bullish crossover = Lime coloured "cloud", bearish crossunder = Red coloured "cloud"),
...
I've made a change in barcolor if the close crosses the "Big Fibma / Fibema 500"
If price closes above MA/EMA 500, the first bar is yellow coloured, if price stays above this level, candles are coloured lime/orange (= very bullish) If price closes under MA/EMA 500, the first bar is purple, if price stays under this level, candles are standard coloured (= very bearish)
Strategy will follow,
Thanks!
Notas de Lançamento
- Added extra Fibma/Fibema's (can be disabled/enabled) - Enhanced the Alerts - Added labels at the side for easier recognition (only for the big Fibma/Fibema) - Price can be made visible under these labels
Thank you!
Notas de Lançamento
Simplified, also added - "Higher Timeframe's" (Credits to "PineCoders" !), - more settings, - more Alerts
Initial start (Sort MA/EMA is displayed at the right):
+ price:
Higher TF, TF is between (), + price:
Same situation, but + Smoothing:
Notas de Lançamento
Added the 89 Fibma/Fibema (in addition to the "Big" 886 Fibma/Fibema)
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
- We cannot control our emotions,
but we can control our keyboard -
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