OPEN-SOURCE SCRIPT
Updated 350DMA Golden ratio Higher timeframe ma's
This Script take a 350 day moving average (bright yellow line) and multiplies it by the golden ratio 1.6... and by the Fibonacci sequence (0, 1, 2, 3, 5)
It is a great tool for finding tops and critical supports on higher timeframes.
The script also includes and higher timeframe ma (gray line) that can be set to your liking (default is 21 week).
It is a great tool for finding tops and critical supports on higher timeframes.
The script also includes and higher timeframe ma (gray line) that can be set to your liking (default is 21 week).
Release Notes
Added extra fib Levels for assets that are going parabolic. It can be turned on with a button in the settings Release Notes
Removed comment Release Notes
House keepingRelease Notes
house keepingRelease Notes
Update ChartRelease Notes
Fixed miss labeled line item
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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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.