OPEN-SOURCE SCRIPT

Fibonacci Period KAMA Series

Updated

This study is a simple experiment using Kaufman's Adaptive Moving Average that plots a base average with a period of your choice, then plots averages with periods multiplied by Fibonacci numbers 2 through 34.

Release Notes

Big thanks to NGBaltic for pointing out the massive flaw with the original version of this script.

Before this update, the script was effectively just a lagged OHLC/4 SMA ribbon.

This update is a complete rework on the calculation, so that it actually reflects KAMA values.
In addition, the base sampling period multiples have been expanded from Fibonacci numbers 1 - 34 to 1 - 144.

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.

Want to use this script on a chart?

DonovanWall

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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.