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Fibonacci Ribbon

Austimize Updated   
Moving Averages Exponential Moving Average (EMA) Weighted Moving Average (WMA) ribbon ribbons EMAS exponentialmovingaverage weightedmovingaverage
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movingaverage ema wma ribbon ribbons emas exponentialmovingaverage weightedmovingaverage
The Fibonacci Ribbon (FibRib) creates two Fibonacci moving averages: essentially a Fibonacci WMA and a Fibonacci EMA.

The ribbon colors based on which is higher and where PA is relative to the ribbon.

Optional colored candles shades candles the same color as the ribbon.
Release Notes:
Better chart.
Release Notes:
Added two color gradient effects (ribbons going up/down).
Release Notes:
Added comments for more clarity
Release Notes:
Added optionality for a 2nd ribbon.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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