OPEN-SOURCE SCRIPT
Fibonacci Sequence Moving Average Plots
This indicator plots Simple Moving Averages (SMA) and Exponential Moving Averages (EMA) based on key Fibonacci sequence numbers. You can easily toggle individual SMAs and EMAs to customize your chart.
Key Features:
Customizable Plots: Select from SMA and EMA values like 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, and 987.
Visual Clarity: Each SMA and EMA is color-coded with smooth gradients for quick visual identification.
Overlay on Chart: The moving averages are plotted directly on your price chart for easy analysis.
How to Use:
Add the indicator to your chart.
Use the input panel to toggle SMAs/EMAs on or off as needed.
Analyze price action in relation to Fibonacci-based moving averages for trend confirmation and potential trade setups.
Key Features:
Customizable Plots: Select from SMA and EMA values like 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, and 987.
Visual Clarity: Each SMA and EMA is color-coded with smooth gradients for quick visual identification.
Overlay on Chart: The moving averages are plotted directly on your price chart for easy analysis.
How to Use:
Add the indicator to your chart.
Use the input panel to toggle SMAs/EMAs on or off as needed.
Analyze price action in relation to Fibonacci-based moving averages for trend confirmation and potential trade setups.
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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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.