OPEN-SOURCE SCRIPT
Updated Fib EMA Ribbon
Pretty weird and experimental fibonacci ribbon overlay, for visual use and fun only at the moment. Will update the script if i think of any other ways to use it, ideas welcome.
Meant for use with Heikin Ashi candles.
Biffy
Meant for use with Heikin Ashi candles.
Biffy
Release Notes
found a better way to calculate the ema's, it makes the riobbons much cleanerRelease Notes
added an additional ribbon to also project support / resistance levels, but with an alternative calculation to the existing one. there is an option in the input settings menu to toggle between the seccondary ribbons, set it to use the new one by default.Release Notes
now only plots the selected seccondary ribbonRelease Notes
smoothed out the other ema ribbonRelease Notes
visual update, better colors and cleaned up a bit :)Release Notes
more cleanup
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 publications is governed by House rules. You can favorite it to use it on a chart.
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