Pivot Hourly x EMA Ribbon

Hourly Fibonacci Pivot + EMA is an intraday analysis tool that combines hourly Fibonacci-based pivot levels with exponential moving averages (EMAs). It is designed to help traders visualize potential intraday support/resistance zones and short-term trend direction on any timeframe.

The indicator calculates pivot levels from hourly price data and then projects Fibonacci extensions and retracements around a central pivot. These levels can be used to see where price has previously reacted and where future reactions may occur. The EMAs provide an additional layer of context by highlighting the prevailing short-term trend and momentum.

Key features:

1. Hourly Fibonacci pivot levels (support and resistance zones derived from hourly ranges)
   
2. Multiple Fibonacci bands to show potential reaction areas above and below the central pivot
   
3. One or more configurable EMAs to show short-term trend direction and dynamic support/resistance
   
4. Works on all symbols and intraday timeframes supported by TradingView
   

Typical use:

1. Monitor how price behaves when approaching or rejecting Fibonacci pivot levels
   
2. Look for confluence between pivot zones and EMA direction or EMA bounces
   
3. Use the levels as potential areas of interest for trade planning, stop placement, or partial profit zones within your own trading system
   

Also have "C" Label it's mean Candle for example C1 is First Candle of the source timeframe, if the source timeframe set to 4 Hour it will be the first 4h candle, the C2 is the second 4h candle of the day.

This script is intended purely as a technical analysis tool and does not generate buy/sell signals or guarantee any particular outcome. It is not financial advice. Always combine it with your own analysis, risk management, and trading plan before making any trading decisions.