SandroTurriate

Fibline Glance

This is a set of three indicators combined into one script. The source of the three indicators comes from the tradingview user fibline (https://www.tradingview.com/u/fibline/). The lines remind me of ichimoku , because at a glance, you can tell what the stock is up to. To me, the orange line does an excellent job of showing support and resistance . I'd be happy to add more to the script if anyone has any ideas.

See one of his charts:
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study("Fibline Glance", overlay=true)

emaLength = input(title="EMA length", defval=100)

bbFastLength = input(9)
bbFastDeviation = input(0.1)

bbSlowLength = input(40)
bbSlowDeviation = input(0.4)

bbFastAvg = sma(close, bbFastLength)
bbFastStdev = stdev(close, bbFastLength)
bbFastUpper = bbFastAvg + bbFastDeviation*bbFastStdev
bbFastLower = bbFastAvg - bbFastDeviation*bbFastStdev

p1 = plot(bbFastUpper, color=orange)
p2 = plot(bbFastLower, color=orange)
fill(p1, p2, color=orange, transp=60)

bbSlowAvg = sma(close, bbSlowLength)
bbSlowStdev = stdev(close, bbSlowLength)
bbSlowUpper = bbSlowAvg + bbSlowDeviation*bbSlowStdev
bbSlowLower = bbSlowAvg - bbSlowDeviation*bbSlowStdev

p3 = plot(bbSlowUpper, color=#4985e7)
p4 = plot(bbSlowLower, color=#4985e7)
fill(p3, p4, color=#4985e7, transp=30)

plot(ema(close, emaLength), color=lime)
Great job!
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