OPEN-SOURCE SCRIPT
Fibonacci Bollinger Bands
Fibonacci Bollinger Bands (FBB)
A VWMA-based, Fibonacci-scaled volatility overlay
Overview
Fibonacci Bollinger Bands blends a Volume-Weighted Moving Average (VWMA) with standard-deviation bands placed at key Fibonacci ratios. Instead of the traditional ±1 σ, ±2 σ, this indicator plots upper and lower envelopes at 0.236, 0.382, 0.5, 0.618, 0.764 and ±1.000 × σ—giving you a clearer view of dynamic support, resistance, and mean-reversion zones within a single, elegant overlay.
Key Features
VWMA Basis: Smooths price by weighting volume, keeping your bands responsive to big trades.
Fibonacci-Scaled Bands: 7 upper/lower envelopes at 0.236, 0.382, 0.5, 0.618, 0.764, 1.000 σ.
Customizable Inputs:
Length: lookback for VWMA & σ (default 200)
Source: hlc3, close, etc.
StdDev Multiplier: overall volatility scaling (default 3.0)
Clean Styling:
Colored basis line (magenta)
Highlighted outer bands (red/green)
Lighter inner bands (white)
Non-Repainting: All levels calculate on bar close.
Left-Axis Scaling: Bands live on their own axis so your candles stay full-height.
How to Use
Trend Identification
Price hugging the inner 0.236–0.382 bands ⇒ strong trend.
Bounces off 0.618–0.764 ⇒ pullback within trend.
Mean Reversion
Moves to the outer ±1.0 band often reverse toward the VWMA basis.
Breakouts & Breakdowns
Sustained closes beyond the ±1.0 band signal momentum exhaustion or acceleration.
Combine with Other Tools
Overlay with price action, volume, or your favorite oscillators for confluence.
Inputs & Customization
Length: VWMA & StdDev lookback
Source: Price field for basis calculation
StdDev Multiplier: Width of bands (e.g. 2.0, 3.0)
Toggle Inner Bands: Show/hide mids (0.236–0.764)
Thank you for using FBB!
A VWMA-based, Fibonacci-scaled volatility overlay
Overview
Fibonacci Bollinger Bands blends a Volume-Weighted Moving Average (VWMA) with standard-deviation bands placed at key Fibonacci ratios. Instead of the traditional ±1 σ, ±2 σ, this indicator plots upper and lower envelopes at 0.236, 0.382, 0.5, 0.618, 0.764 and ±1.000 × σ—giving you a clearer view of dynamic support, resistance, and mean-reversion zones within a single, elegant overlay.
Key Features
VWMA Basis: Smooths price by weighting volume, keeping your bands responsive to big trades.
Fibonacci-Scaled Bands: 7 upper/lower envelopes at 0.236, 0.382, 0.5, 0.618, 0.764, 1.000 σ.
Customizable Inputs:
Length: lookback for VWMA & σ (default 200)
Source: hlc3, close, etc.
StdDev Multiplier: overall volatility scaling (default 3.0)
Clean Styling:
Colored basis line (magenta)
Highlighted outer bands (red/green)
Lighter inner bands (white)
Non-Repainting: All levels calculate on bar close.
Left-Axis Scaling: Bands live on their own axis so your candles stay full-height.
How to Use
Trend Identification
Price hugging the inner 0.236–0.382 bands ⇒ strong trend.
Bounces off 0.618–0.764 ⇒ pullback within trend.
Mean Reversion
Moves to the outer ±1.0 band often reverse toward the VWMA basis.
Breakouts & Breakdowns
Sustained closes beyond the ±1.0 band signal momentum exhaustion or acceleration.
Combine with Other Tools
Overlay with price action, volume, or your favorite oscillators for confluence.
Inputs & Customization
Length: VWMA & StdDev lookback
Source: Price field for basis calculation
StdDev Multiplier: Width of bands (e.g. 2.0, 3.0)
Toggle Inner Bands: Show/hide mids (0.236–0.764)
Thank you for using FBB!
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.