I've made SMA/EMA's NOT based on the principle of the 2(1+1), 3(2+1), 5(3+2), 8(5+3), 13(8+5), 21(13+8), 34(21+13), 55(34+21), ... numbers, but based on these following Fibonacci numbers:
IMHO it is striking how these lines often act as Resistance/Support, although (except the 50, 100 & 500) they are not typical MA/EMA's.
They perform very well on every Timeframe as well!
Week:
3 Days:
1 Day:
4h:
1h:
Even on the 15 minutes:
Or 5':
Things to watch for:
Price compared to the Tiny or Big Fibma / Fibema (below or above) Price compared to important Fibma / Fibema (for example below or above MA 236, MA 764, MA 1000, ...)
Crossing of Fibma / Fibema 24/76, 236/764 and 38/62, 382/618 (bullish crossover = Lime coloured "cloud", bearish crossunder = Red coloured "cloud"),
...
I've made a change in barcolor if the close crosses the "Big Fibma / Fibema 500"
If price closes above MA/EMA 500, the first bar is yellow coloured, if price stays above this level, candles are coloured lime/orange (= very bullish) If price closes under MA/EMA 500, the first bar is purple, if price stays under this level, candles are standard coloured (= very bearish)
Strategy will follow,
Thanks!
Sürüm Notları
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- Added extra Fibma/Fibema's (can be disabled/enabled) - Enhanced the Alerts - Added labels at the side for easier recognition (only for the big Fibma/Fibema) - Price can be made visible under these labels
Thank you!
Sürüm Notları
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Simplified, also added - "Higher Timeframe's" (Credits to "PineCoders" !), - more settings, - more Alerts
Initial start (Sort MA/EMA is displayed at the right):
+ price:
Higher TF, TF is between (), + price:
Same situation, but + Smoothing:
Sürüm Notları
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Added the 89 Fibma/Fibema (in addition to the "Big" 886 Fibma/Fibema)