RodrigoKazuma

RK's 13 - Moving Average with Fibonacci Lines

OVERVIEW

After some chart measures, I noticed that if we took the difference between fast and slow Moving Average lines and apply the Fibonacci ratios, we get a very reliable support and resistance level for each bar.

So, I made this script to help me (and anyone who wants to use it) know where we should close or put stops in our orders.

HOW TO USE IT:

Choose your preferred Moving Average type and Lengths;
Select the Fibonacci Ratios and test Reverse Lines option to get better levels.

Other useful input options:
  • Show Labels: Display every Fibonacci Ratio you are using;
  • Labels Offset Position: Place where the Fibonacci Ratio will appear and get the price in that position;
  • Project Moving Average Lines in the Future: Draws project Line in the chart.

Tips:
• If you put your mouse in the ratio label, it will show the price in that position
• This script works better when the lines are well apart.
Note di rilascio: █ PATCH NOTES: Version 1.2


  • Fixed a Little Bug that plot NA values as 0.0
  • Put the script link inside the code
Note di rilascio: Fixed a simple color Bug

Script open-source

Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

Vuoi usare questo script sui tuoi grafici?