UnknownUnicorn33336554

Fibonacci Zones EMA Zones Strategy

This idea is only for fun and learning purposes only.

The strategy represents 2 simple math formulas that are very simple. the "Fibo Formula" and the "EMA Formula" Please see source code for reference

I Feel like coders can learn a lot about developing strategies using this source code

This is to show that there is unlimited amount of variables and factors to a strategy and its all about working with probability.
Also to show that unlimited amount of conditions could be added to a strategy.
And unlimited amount of variables/factors with the settings that could change the results.

Rules are simple

Entry on close, Close/Entry must be in the blue Fibo Zone

Blue Fibonacci zone fully customizable

Other Conditions could be added involving EMA zones, Over Ema1, Under Ema1 etc..

TP/SL and Dates Fully Customizable

This script is just an idea fully for learning purposes.

Release Notes:
I would like to Clarify this script is only designed for pinescript learning purposes to help learn useful PineScript coding.

The Idea of the script is so users can look at the source code and learn how to develop there own ideas/concepts/strategies.
Release Notes:
Updated.
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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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