OPEN-SOURCE SCRIPT
Golden Ratio Multiplier (x1.6; x2; x3)
The script displays three multipliers (x1.618; x2; x3) of the Golden Ratio (starting with MA at 350 days) to identify the following levels of support:
Note: the orange line is the SMA at 350 days.
- the multiplier x1.618 is an accumulation high (green line)
- the multiplier x2 is a support that identify a low bull high (red line)
- the multiplier x3 is a support that identify an upper bull high (blu line)
Note: the orange line is the SMA at 350 days.
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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