OPEN-SOURCE SCRIPT
Fibonacci Stochastic
My attempt to smooth out the classic Stochastic indicator based on Fibonacci levels - 0.236, 0.382, 0.5, 0.618, 0.786
Includes optional "Smoothed Moving Average" (SMMA), SMA and EMA.
This is an interesting experiment, comments would be helpful to improve this indicator.
Includes optional "Smoothed Moving Average" (SMMA), SMA and EMA.
This is an interesting experiment, comments would be helpful to improve this indicator.
Open-source script
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 publication is governed by House rules. You can favorite it to use it on a chart.
Want to use this script on a chart?
Appreciation of my work: paypal.me/dman103
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