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.
Notes de version: █ PATCH NOTES: Version 1.2


  • Fixed a Little Bug that plot NA values as 0.0
  • Put the script link inside the code
Notes de version: Fixed a simple color Bug
Script open-source

Dans le plus pur esprit de TradingView, l'auteur de ce texte l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur ! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par les règles internes. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?

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