PROTECTED SOURCE SCRIPT
Updated Fibonacci MA7
Fibonacci MA7 is a price indicator with 7 moving averages. It's inputs are based on the Fibonacci sequence 21, 34, 55, 89, 144, 233 & 377.
The tightest moving averages 21 & 34 are EMA ( exponential moving average ) & SMA ( simple moving average ) respectively. This helps give insight to the shortest time frame price action direction.
The next 5 are all EMA ( exponential moving average ) 55, 89, 144, 233 & 377 to help give a gradient of medium to long term price action history.
The colors can all be changed to your liking, but my color scheme is 21/34 green (red with a crossover), 55 blue , 89 white, 144 purple, 233 yellow, 377 red.
The most bullish pattern is when all colors are in a top down order of green, blue, white, purple, yellow, red. And the most bearish pattern is when all colors are in 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 other colors is heading bullish , green crossing under other colors is bearish .
Good luck and happy trading friends...
The tightest moving averages 21 & 34 are EMA ( exponential moving average ) & SMA ( simple moving average ) respectively. This helps give insight to the shortest time frame price action direction.
The next 5 are all EMA ( exponential moving average ) 55, 89, 144, 233 & 377 to help give a gradient of medium to long term price action history.
The colors can all be changed to your liking, but my color scheme is 21/34 green (red with a crossover), 55 blue , 89 white, 144 purple, 233 yellow, 377 red.
The most bullish pattern is when all colors are in a top down order of green, blue, white, purple, yellow, red. And the most bearish pattern is when all colors are in 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 other colors is heading bullish , green crossing under other colors is bearish .
Good luck and happy trading friends...
Release Notes
MA source switched to high, low, close average instead of just close. Default color adjustments.Release Notes
I updated MA input to high, low, close average, instead of just close. Adjustments to default colors.Release Notes
I added another choice to click a checkbox in settings to use common moving averages 50, 100, 200 with another option to have them ema or sma. Good luck and happy trading friends...Release Notes
input tweak = ohlc4Release Notes
added MA150 to the common group choice of 50, 100, 200. still has toggle between ema or smaRelease Notes
upgrade to version5add Fibonacci sequence #'s 610 & 987
Release Notes
header updateRelease Notes
7/17/23 update:Add VWMA (Volume Weighted Moving Average) options
Add VWAP (Anchored Volume Weighted Average Price) option
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Disclaimer
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
Disclaimer
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.