The script displays three multipliers (x1.618; x2; x3) of the Golden Ratio (starting with MA at 350 days) to identify the following levels of support:
Note: the orange line is the SMA at 350 days.
- the multiplier x1.618 is an accumulation high (green line)
- the multiplier x2 is a support that identify a low bull high (red line)
- the multiplier x3 is a support that identify an upper bull high (blu line)
Note: the orange line is the SMA at 350 days.