wightsparky

MA_FibBand_MTF

Moving average of High, Low & Close with Fibonacci bands calculated from the average high and low. Four upper levels are to the power of 1.618, 2.618, 3.618 & 4.618. Four lower levels are to the power of 0.618, 1.618, 2.618 & 3.618. Included are a choice of time frames either current, semi-custom or fully custom allowing freedom to set any period you like which makes it great for historical averages. Adapted and expanded from Clarke Moody's MA_MTF i have tidied the script and included all CM's formulas although should be used in SMA or EMA i kept the other MA formulas for curiosity.
My preferred usage is to stick with 20ma and adjust the legnth of the period. Shown here is 20ema of 10day period.
More information can be learnt from 'endlessmountain' on youtube but only the very top and bottom levels are used with the High, Low & Close. Also i am not aware if this originates from any other source.
Thankyou to Clarke Moody and endlessmountain. Hope you like this tool.
Versionshinweise: Moving average of High, Low & Close with Fibonacci bands calculated from the average high and low. Upper and lower levels are to the power of Fibonacci percentages. Included are a choice of time frames either current, semi-custom or fully custom allowing freedom to set any period you like which makes it great for historical averages. Hope you like this tool.

Update: With interest gaining from the community i have decided to publish what is in my opinion a better version.
Upper and lower levels are now multiplications of 1.272 (square root of 1.618). See script for the percentages.
High and low shaded bands shows the average candle to wick range.
Open-source Skript

Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.

Möchten Sie dieses Skript auf einem Chart verwenden?

Kommentare

omg this is cool sh*T ! very profitable on practic
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fucking lovely!
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It would be nice if you could add a squeeze to this.
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Weekly & Monthly
EMA


SMA
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