Golden Ratio Fibo Ribbon

# Golden Ratio Fibo Ribbon [Trend + Momentum ]

**Concept & Overview**
The "Golden Ratio Fibo Ribbon" is a comprehensive trend-following system designed to help traders identify the primary trend direction and find high-probability entry points during pullbacks. This script combines the power of Fibonacci Moving Averages (The Golden Ratio sequence) to visualize trend strength with the Stochastic RSI to pinpoint precise entry timing.

The core philosophy of this indicator is: **"Trade with the trend, enter on the pullback."**

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### 🛠️ How it Works (Logic & Calculation)

**1. The Fibo Ribbon (Trend Filter)**
The trend is determined by a sequence of Moving Averages based on Fibonacci numbers: 5, 8, 13, 21, 34, 55, 89, and 144.
* **The Baseline:** The 144-period MA acts as the major trend filter.
* **The Ribbon:** Shorter-term MAs (5 to 89) create a "Ribbon."
* **Trend Definition:**
* **Uptrend (Bullish):** All shorter-term MAs are *above* the 144 MA Baseline. The ribbon is filled with **Green**.
* **Downtrend (Bearish):** All shorter-term MAs are *below* the 144 MA Baseline. The ribbon is filled with **Red**.

**2. Signal Generation (Stochastic RSI)**
Instead of taking every crossover, this script filters signals based on the trend direction established by the Ribbon.
* **Buy Signal (Long):**
* Condition 1: The Ribbon must be fully **Bullish** (Green).
* Condition 2: Stochastic RSI (K line) crosses *above* the D line.
* Condition 3: The crossover must happen in the **Oversold zone** (default < 20).
* **Sell Signal (Short):**
* Condition 1: The Ribbon must be fully **Bearish** (Red).
* Condition 2: Stochastic RSI (K line) crosses *below* the D line.
* Condition 3: The crossover must happen in the **Overbought zone** (default > 80).

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### 🎯 How to Use
1. **Identify the Trend:** Look at the background color and the ribbon. Green indicates a strong uptrend, Red indicates a strong downtrend.
2. **Wait for Pullbacks:** Do not chase the price. Wait for the price to pull back towards the ribbon.
3. **Execute on Signals:** Look for the "BUY" or "SELL" labels. These appear when the momentum (Stoch RSI) turns back in favor of the main trend.
* *Example:* In a Green Ribbon trend, wait for the price to drop (Stoch RSI goes oversold), then buy when the "BUY" label appears.

### ⚙️ Settings
* **Ribbon Source:** Choose between EMA (Exponential) or SMA (Simple) moving averages.
* **Stoch RSI Settings:** Adjustable K, D, RSI Length, and Stochastic Length to fit different timeframes.
* **Overbought/Oversold Levels:** Customize the trigger zones (default 80/20).

### ⚠️ Disclaimer
This indicator is a technical analysis tool and does not guarantee profits. Past performance is not indicative of future results. Always use proper risk management and combine this tool with your own price action analysis.