Fibonacci average price
This script produces a dynamic number. It is the mean of a set of numbers that have been derived by multiplying Fibonacci exponential moving averages with Fibonacci numbers.
If price closes above line = possible long entry.
If price closes below line = possible short entry.
This can be seen best using line chart.
Works best on higher timeframes to follow macro trend.
DO NOT TRADE BLINDLY, USE TO ADD CONFLUENCE TO AN EXISTING STRATEGY
If price closes above line = possible long entry.
If price closes below line = possible short entry.
This can be seen best using line chart.
Works best on higher timeframes to follow macro trend.
DO NOT TRADE BLINDLY, USE TO ADD CONFLUENCE TO AN EXISTING STRATEGY