OPEN-SOURCE SCRIPT
Fibonacci Moving Average
Simple idea from an article I read online I decided to code:
Take EMA's for periods based on the fibonacci sequence - 3, 5, 8, 13, 21, 34, 55 etc. and average them into one MA - the result is the Fibonacci MA (FMA)
Therefore - note the FMA does not use Length - but Range/Interval of how many steps of the Fibonacci Sequence to include.
Seems to be good for finding support/resistance for the price - so added some extra features:
Using up to 3 in at different periods - when they stretch apart it means price is very deviated and will reverse.
Added a price OHLC line if you want to move the indicator to a sub-panel for nice visualisation.
I believe you could look at the 4, 8 and 10, where the longest MA (10,11 FMA) indicates overall bull or bear trend (whether on top or bottom) and you could probably code in alerts for price crossing up or crossing down on the faster (4 FMA)
Take EMA's for periods based on the fibonacci sequence - 3, 5, 8, 13, 21, 34, 55 etc. and average them into one MA - the result is the Fibonacci MA (FMA)
Therefore - note the FMA does not use Length - but Range/Interval of how many steps of the Fibonacci Sequence to include.
Seems to be good for finding support/resistance for the price - so added some extra features:
Using up to 3 in at different periods - when they stretch apart it means price is very deviated and will reverse.
Added a price OHLC line if you want to move the indicator to a sub-panel for nice visualisation.
I believe you could look at the 4, 8 and 10, where the longest MA (10,11 FMA) indicates overall bull or bear trend (whether on top or bottom) and you could probably code in alerts for price crossing up or crossing down on the faster (4 FMA)
Script de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.