Alt Golden Ratio by USCG_Vet — Indicator by USCG_Vet

simplemovingaverage golden-ratio multiplier

Pine Script math based on the medium article by Philip Swift.

Idea based from Willy Woo Charts.

Disclaimer: None of this Pine Script, Title, nor Description should be used for Financial Advice. For Education Purposes Only.

Purpose: Identify a Golden Ratio Cross of the 350 Daily MA vs the 111 Daily MA with Multiplier to theorize where local valuation tops or bottoms could be approximated. NOT FINANCIAL ADVICE!

Parameters:
DMA A: short Daily Moving Average
DMA B: long Daily Moving Average
Golden Ratio: point where short Daily Moving Average crosses value assigned in parameter.

Indicators:
S2: Cross of DMA A vs DMA B in upward direction (approximate local top)
Sn: additional approximate top indicators
Sell1: first approximate local bottom
Selln: additional approximate local bottom indicators
GR: Golden-Ratio Cross of DMA A

Release Notes:

Removed URL links to be compliant with TradingView agreement.

Release Notes:

Removed unrelated indicators from the chart to make it compliant with TradingView rules.

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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