OPEN-SOURCE SCRIPT

Philosof fib ma

Updated

I like Fibonacci and I think multiple MAs are best for identifying the trend. This one is based on someone else's script. I just need to share it with a friend =)

Release Notes

Changed MAs to EMAs, as they better represent the trend in crypto and act as minor SR levels.

Most important and fantastic result I got from MAVW based on Fibonacci numbers - it works really good as trend indicator (at any timeframe!). I also use 34 and 55 ema for the same purposes, but chart analyze proved, that only when MAVW is crossed, the trend changes. Try it ;)

Release Notes

Possibility to show/hide EMAs + turned off some by default.

Release Notes

Started EMA with 3 =)

Release Notes

Minor corrections. Trying to find out why public version is different from what I've edited and use.

Release Notes

Made it a little easier.

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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