RK's 13 - Moving Average with Fibonacci Lines

█ OVERVIEW

After some chart measures, I noticed that if we took the difference between fast and slow Moving Average lines and apply the Fibonacci ratios, we get a very reliable support and resistance level for each bar.

So, I made this script to help me (and anyone who wants to use it) know where we should close or put stops in our orders.

█ HOW TO USE IT:

Choose your preferred Moving Average type and Lengths;
Select the Fibonacci Ratios and test Reverse Lines option to get better levels.

Other useful input options:

• Show Labels: Display every Fibonacci Ratio you are using;
  
• Labels Offset Position: Place where the Fibonacci Ratio will appear and get the price in that position;
  
• Project Moving Average Lines in the Future: Draws project Line in the chart.
  

Tips:
• If you put your mouse in the ratio label, it will show the price in that position
• This script works better when the lines are well apart.

發布通知:

█ PATCH NOTES: Version 1.2

• Fixed a Little Bug that plot NA values as 0.0
  
• Put the script link inside the code
  

發布通知:

Fixed a simple color Bug