(FibMAI) Fibonacci Moving Averages Input is a strategy based on moving averages cross-over or cross-under signals. The bullish golden cross appears on a chart when a stock's short-term moving average crosses above its long-term moving average. The bearish death cross appears on a chart when a stock’s short-term moving average, crosses below its long-term moving average. The general market consensus values used are the 50-day moving average and the 200-day moving average.
With the (FibMAI) Fibonacci Moving Averages Input strategy you can use any value you choose for your bullish or bearish cross. For visual display purposes I have a lot of the Fib Moving Averages 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987 shown while hiding the chart candlesticks. But to use this indicator I click on only a couple of MA's to see if there's a notable cross-over or cross-under pattern signal. Then, most importantly, I back test those values into the FibMAI strategy Long or Short settings input.
For example, this NQ1! day chart has it's Long or Short settings input as follows:
Bullish = FibEMA34 cross-over FibEMA144
Bearish = FibEMA55 cross-under FibSMA144
As you can see you can mix or match 4 different MA's values either Exponential or Simple.
Default color settings: Rising value = green color Falling value = red color
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.
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