OPEN-SOURCE SCRIPT

Fibonacci Volatility Bands

Fibonacci Volatility Bands are just an alternative that allows for more margin than regular Bollinger Bands. They are created based on an average of moving averages that use the Fibonacci sequence as lookback periods.

The use of the Fibonacci Volatility Bands is exactly the same as the Bollinger Bands.
bandsBollinger Bands (BB)bollingerbandstrategybollingersbandMoving AveragesStandard DeviationStandard Deviation (Volatility)volatilityindex

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 publication is governed by House rules. You can favorite it to use it on a chart.

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