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Ninorigo

Golden Ratio Multiplier (x1.6; x2; x3)

Ninorigo  
Moving Averages Simple Moving Average (SMA) Bitcoin (Cryptocurrency)
92
2
movingaverage simplemovingaverage bitcoin
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:

  • 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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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