OPEN-SOURCE SCRIPT
[MAD] Fibonacci Bands with Smoothing
Hi, this is just an easy script, nothing special, it was a request from a community member and was finished in just 40 minutes :D
This indicator offers a approach to tracking market price movements by utilizing Fibonacci-based levels combined with customizable smoothing options for both the bands and the high/low values.
Key Features:
Customizable Moving Averages: Choose from a variety of smoothing methods, including SMA, EMA, WMA, HMA, VWMA, and advanced Ehlers-based methods.
This allows for flexible adaptation to different assets.
Multiple Fibonacci Band Multipliers: The user can define six different multipliers for both the upper and lower Fibonacci bands, allowing for granular customization of the indicator. The middle line serves as the central reference, and the multipliers extend the bands outward based on price range dynamics.
High/Low Smoothing: In addition to smoothing the Fibonacci bands, users can apply smoothing to the high and low prices that form the basis for calculating the Fibonacci bands. This ensures that the indicator responds smoothly to market movements, reducing noise while capturing key trends.
Forward Shift Option: Allows for projecting the bands into the future by shifting the calculated levels forward by a user-specified number of periods. This feature is particularly useful for those interested in anticipating price actions and future trends.
Visual Enhancements: The indicator features filled regions between bands to clearly visualize the zones of price movement. The fills between the bands offer insight into potential support and resistance zones, based on price levels defined by the Fibonacci ratios.
How It Works:
The indicator uses the highest and lowest closing prices over a specified lookback period to establish a price range. Based on this range, it calculates the middle line (0.5 level) and applies user-defined Fibonacci multipliers to generate both upper and lower bands. Users have control over the smoothing method for both the high/low prices and the bands themselves, allowing for an adaptive experience that can be tailored to different timeframes or market conditions.
For visualization, areas between the upper and lower bands are filled with distinct colors, providing an intuitive view of the potential price zones where the market might react or consolidate.
These fills highlight the zones created by the Fibonacci bands, helping users identify critical market levels with ease.
have fun
p.s.: frankchef hope that suits your needs & expectations ;-)
This indicator offers a approach to tracking market price movements by utilizing Fibonacci-based levels combined with customizable smoothing options for both the bands and the high/low values.
Key Features:
Customizable Moving Averages: Choose from a variety of smoothing methods, including SMA, EMA, WMA, HMA, VWMA, and advanced Ehlers-based methods.
This allows for flexible adaptation to different assets.
Multiple Fibonacci Band Multipliers: The user can define six different multipliers for both the upper and lower Fibonacci bands, allowing for granular customization of the indicator. The middle line serves as the central reference, and the multipliers extend the bands outward based on price range dynamics.
High/Low Smoothing: In addition to smoothing the Fibonacci bands, users can apply smoothing to the high and low prices that form the basis for calculating the Fibonacci bands. This ensures that the indicator responds smoothly to market movements, reducing noise while capturing key trends.
Forward Shift Option: Allows for projecting the bands into the future by shifting the calculated levels forward by a user-specified number of periods. This feature is particularly useful for those interested in anticipating price actions and future trends.
Visual Enhancements: The indicator features filled regions between bands to clearly visualize the zones of price movement. The fills between the bands offer insight into potential support and resistance zones, based on price levels defined by the Fibonacci ratios.
How It Works:
The indicator uses the highest and lowest closing prices over a specified lookback period to establish a price range. Based on this range, it calculates the middle line (0.5 level) and applies user-defined Fibonacci multipliers to generate both upper and lower bands. Users have control over the smoothing method for both the high/low prices and the bands themselves, allowing for an adaptive experience that can be tailored to different timeframes or market conditions.
For visualization, areas between the upper and lower bands are filled with distinct colors, providing an intuitive view of the potential price zones where the market might react or consolidate.
These fills highlight the zones created by the Fibonacci bands, helping users identify critical market levels with ease.
have fun
p.s.: frankchef hope that suits your needs & expectations ;-)
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者は、トレーダーが理解し検証できるようにオープンソースで公開しています。作者に敬意を表します！無料で使用することができますが、このコードを投稿で再利用するには、ハウスルールに準拠する必要があります。 お気に入りに登録してチャート上でご利用頂けます。
チャートでこのスクリプトを利用したいですか？
djmad|Bitblockart
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。