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Fibonacci VIP
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Fibonacci VIP (Fibonacci Volume Indicator Precision) is a volume indicator that I made to help me have precise entry and exit timing. It's based on the well known Fibonacci sequence 8, 13, 21, 34, 55, 89...
The default colors I like to use can be changed to whatever you want. The numbers inputted are based on volume EMA .
Bullish momentum in ascending order is 21 = white, 13 = blue, 8 = green. Bearish momentum descending order is 89 = red, 55 = yellow, 34 = purple. Also, there's a zero gray dotted line and high / low dashed channel line, to help keep momentum in perspective.
The most bullish signal is when all colors are in a top down order green, blue, white, purple, yellow, red. The most bearish signal is when all colors are reversed and have a bottom up order of green, blue, white, purple, yellow, red.
Also, a crossover, cross-under, divergence or convergence of these colors, help signal the future price action. For example, green crossing over red is bullish , green crossing under red is bearish .
If colors are low / below the zero line that's bearish and if they are above the zero line, that's bullish.
The Fibonacci VIP works great with the ADL indicator as a second redundant confirmation of the underlying securities momentum.
Good luck and happy trading friends...
The default colors I like to use can be changed to whatever you want. The numbers inputted are based on volume EMA .
Bullish momentum in ascending order is 21 = white, 13 = blue, 8 = green. Bearish momentum descending order is 89 = red, 55 = yellow, 34 = purple. Also, there's a zero gray dotted line and high / low dashed channel line, to help keep momentum in perspective.
The most bullish signal is when all colors are in a top down order green, blue, white, purple, yellow, red. The most bearish signal is when all colors are reversed and have a bottom up order of green, blue, white, purple, yellow, red.
Also, a crossover, cross-under, divergence or convergence of these colors, help signal the future price action. For example, green crossing over red is bullish , green crossing under red is bearish .
If colors are low / below the zero line that's bearish and if they are above the zero line, that's bullish.
The Fibonacci VIP works great with the ADL indicator as a second redundant confirmation of the underlying securities momentum.
Good luck and happy trading friends...
Versionshinweise
*updated1) added a 7th fastest ema 5 volume
2) made default base ema 89 line thicker
Versionshinweise
ema5 volume histogramVersionshinweise
ema 89 v default line thicknessema 5 v default histogram color
Versionshinweise
Default line colorsVersionshinweise
input tweak = ohlc4Versionshinweise
added +2 hlines with default colorVersionshinweise
Update to indicator version5Feature upgrades
add track value
add Fibonacci 144 & 233
Versionshinweise
add 2x track valueVersionshinweise
1/28/2023 FibVIP 2.0 updateconvert volume sma into volume rsi
add a tracking line option to all inputs
change default display to 2, 3, 5, 8 inputs
Versionshinweise
header update
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
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