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Fibonacci MA7

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Fibonacci MA7 is a price indicator with 7 moving averages. It's inputs are based on the Fibonacci sequence 21, 34, 55, 89, 144, 233 & 377.

The tightest moving averages 21 & 34 are EMA ( exponential moving average ) & SMA ( simple moving average ) respectively. This helps give insight to the shortest time frame price action direction.

The next 5 are all EMA ( exponential moving average ) 55, 89, 144, 233 & 377 to help give a gradient of medium to long term price action history.

The colors can all be changed to your liking, but my color scheme is 21/34 green (red with a crossover), 55 blue , 89 white, 144 purple, 233 yellow, 377 red.

The most bullish pattern is when all colors are in a top down order of green, blue, white, purple, yellow, red. And the most bearish pattern is when all colors are in a bottom up order of green, blue, white, purple, yellow, red.

Also, a crossover, cross-under, divergence or convergence of these colors, help signal the future price action. For example, green crossing over other colors is heading bullish , green crossing under other colors is bearish .

Good luck and happy trading friends...

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MA source switched to high, low, close average instead of just close. Default color adjustments.

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I updated MA input to high, low, close average, instead of just close. Adjustments to default colors.

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I added another choice to click a checkbox in settings to use common moving averages 50, 100, 200 with another option to have them ema or sma. Good luck and happy trading friends...

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input tweak = ohlc4

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added MA150 to the common group choice of 50, 100, 200. still has toggle between ema or sma

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upgrade to version5
add Fibonacci sequence #'s 610 & 987

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header update

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7/17/23 update:
Add VWMA (Volume Weighted Moving Average) options
Add VWAP (Anchored Volume Weighted Average Price) option