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.