Fibonacci Moving Average

[SleepyZ]

Fibonacci Moving Average

#Fibonacci Moving Average
#Based Upon https://medium.datadriveninvestor.c...e-new-trading-horizons-in-python-f2d0f8c86222
script fib{
input d     = close;
def ema2    = ExpAverage(d, 2);
def ema3    = ExpAverage(d, 3);
def ema5    = ExpAverage(d, 5);
def ema8    = ExpAverage(d, 8);
def ema13   = ExpAverage(d, 13);
def ema21   = ExpAverage(d, 21);
def ema34   = ExpAverage(d, 34);
def ema55   = ExpAverage(d, 55);
def ema89   = ExpAverage(d, 89);
def ema144  = ExpAverage(d, 144);
def ema233  = ExpAverage(d, 233);
def ema377  = ExpAverage(d, 377);
def ema610  = ExpAverage(d, 610);
def ema987  = ExpAverage(d, 987);
def ema1597 = ExpAverage(d, 1597);
def sumema  = ema2 + ema3 + ema5 + ema8 + ema13 + ema21 + ema34 + ema55 + ema89 + ema144 + ema233 + ema377 + ema610 + ema987 + ema1597;
plot fibavg = sumema / 15;
}
plot fibma_close = fib(close);
plot fibma_high  = fib(high);
plot fibma_low   = fib(low);

 

[Joseph Patrick 18]

Was wondering if anyone would be interested in looking into this?...Thanks in advance!

Creating a Fibonacci Moving Average to Assist in Trend Direction.

FMA: "This indicator will do the same job as a normal moving average but with improved reactivity and faster response to market moves as well as a better support and resistance level."

Here is the link to the article:

https://medium.datadriveninvestor.c...e-new-trading-horizons-in-python-f2d0f8c86222

⚠ edited by moderator. Shared media blocked. ​

**Images, Videos, Media content from commercial websites can NOT be shared on this forum. The Internet is not in and of itself public domain. Most commercial material is protected by copyright.​

 

[Joseph Patrick 18]

Thanks @SleepyZ appreciate your help and input, I'll check it out and get back to you!


It looks pretty darn good on the daily chart...any feedback or input is greatly appreciated!!

https://imgur.com/Mcl03NZ

 

[netarchitech]

Interesting idea...I like how the FibMAs creates a "zone" of support, as opposed to a traditional MA providing just a "line"...

Thanks to @Joseph Patrick 18 for the documentation and @SleepyZ for the initial coding...Just added a little more color to the end result...

#Fibonacci Moving Average
#Based Upon https://medium.datadriveninvestor.c...e-new-trading-horizons-in-python-f2d0f8c86222
script fib{
input d     = close;
def ema2    = ExpAverage(d, 2);
def ema3    = ExpAverage(d, 3);
def ema5    = ExpAverage(d, 5);
def ema8    = ExpAverage(d, 8);
def ema13   = ExpAverage(d, 13);
def ema21   = ExpAverage(d, 21);
def ema34   = ExpAverage(d, 34);
def ema55   = ExpAverage(d, 55);
def ema89   = ExpAverage(d, 89);
def ema144  = ExpAverage(d, 144);
def ema233  = ExpAverage(d, 233);
def ema377  = ExpAverage(d, 377);
def ema610  = ExpAverage(d, 610);
def ema987  = ExpAverage(d, 987);
def ema1597 = ExpAverage(d, 1597);
def sumema  = ema2 + ema3 + ema5 + ema8 + ema13 + ema21 + ema34 + ema55 + ema89 + ema144 + ema233 + ema377 + ema610 + ema987 + ema1597;
plot fibavg = sumema / 15;
fibavg.hide();
}

plot fibma_close = fib(close);
fibma_close.hide();

plot fibma_high  = fib(high);
fibma_high.SetDefaultColor(Color.GREEN);
fibma_high.SetLineWeight(3);

plot fibma_low   = fib(low);
fibma_low.SetDefaultColor(Color.RED);
fibma_low.SetLineWeight(3);

AddCloud(fibma_high, fibma_low, Color.GREEN, Color.RED);

 

[Joseph Patrick 18]

Interesting idea...I like how the FibMAs creates a "zone" of support, as opposed to a traditional MA providing just a "line"...

Thanks to @Joseph Patrick 18 for the documentation and @SleepyZ for the initial coding...Just added a little more color to the end result...

#Fibonacci Moving Average
#Based Upon https://medium.datadriveninvestor.c...e-new-trading-horizons-in-python-f2d0f8c86222
script fib{
input d     = close;
def ema2    = ExpAverage(d, 2);
def ema3    = ExpAverage(d, 3);
def ema5    = ExpAverage(d, 5);
def ema8    = ExpAverage(d, 8);
def ema13   = ExpAverage(d, 13);
def ema21   = ExpAverage(d, 21);
def ema34   = ExpAverage(d, 34);
def ema55   = ExpAverage(d, 55);
def ema89   = ExpAverage(d, 89);
def ema144  = ExpAverage(d, 144);
def ema233  = ExpAverage(d, 233);
def ema377  = ExpAverage(d, 377);
def ema610  = ExpAverage(d, 610);
def ema987  = ExpAverage(d, 987);
def ema1597 = ExpAverage(d, 1597);
def sumema  = ema2 + ema3 + ema5 + ema8 + ema13 + ema21 + ema34 + ema55 + ema89 + ema144 + ema233 + ema377 + ema610 + ema987 + ema1597;
plot fibavg = sumema / 15;
fibavg.hide();
}

plot fibma_close = fib(close);
fibma_close.hide();

plot fibma_high  = fib(high);
fibma_high.SetDefaultColor(Color.GREEN);
fibma_high.SetLineWeight(3);

plot fibma_low   = fib(low);
fibma_low.SetDefaultColor(Color.RED);
fibma_low.SetLineWeight(3);

AddCloud(fibma_high, fibma_low, Color.GREEN, Color.RED);

@netarchitech SWEET Thanks for your input...

Pretty sweet move to the upside today on BYND up over 4 dollars today so far...

https://imgur.com/sYzaQKy

 

[Joseph Patrick 18]

Quick scan if anyone needs..(Pic 1) I have it set to SP 100 no other criteria and once it starts to bounce off FMA cloud and I used it in conjunction with @Chuck Balanced BB Breakout (Pic 2)

https://imgur.com/kU2evwM

https://imgur.com/Sftcwc3

 

[jpmcewen]

Hey @Joseph Patrick 18 @SleepyZ and @netarchitech. I was looking at this indicator and came across the MyEMA example for script(). It says,

This code defines the MyEma script where the first EMA value is calculated as SMA in contrast to the ExpAverage function whose first value is assigned the closing price. The main section of the code creates an oscillator based on the MyEMA difference for different lengths.

I left out the oscillator and I added it to your indicator and compared both:

• Blue - w/o MyEMA
• Pink - w/ MyEMA

I'm still new to thinkscript and scripting in general so be sure to review but there does seem to be a noticeable difference.

script MyEMA {
    input data = close;
    input length = 15;
    def EMA = CompoundValue(1, 2 / (length + 1) * data + (length - 1) / (length + 1) * EMA[1], Average(data, length));
    plot MyEma = EMA;
}

script fib{
input d     = close;
def ema2    = MyEMA(d, 2);
def ema3    = MyEMA(d, 3);
def ema5    = MyEMA(d, 5);
def ema8    = MyEMA(d, 8);
def ema13   = MyEMA(d, 13);
def ema21   = MyEMA(d, 21);
def ema34   = MyEMA(d, 34);
def ema55   = MyEMA(d, 55);
def ema89   = MyEMA(d, 89);
def ema144  = MyEMA(d, 144);
def ema233  = MyEMA(d, 233);
def ema377  = MyEMA(d, 377);
def ema610  = MyEMA(d, 610);
def ema987  = MyEMA(d, 987);
def ema1597 = MyEMA(d, 1597);
def sumema  = ema2 + ema3 + ema5 + ema8 + ema13 + ema21 + ema34 + ema55 + ema89 + ema144 + ema233 + ema377 + ema610 + ema987 + ema1597;
plot fibavg = sumema / 15;
fibavg.hide();
}

plot fibma_close = fib(close);

 

[Joseph Patrick 18]

Hey @Joseph Patrick 18 @SleepyZ and @netarchitech. I was looking at this indicator and came across the MyEMA example for script(). It says,


I left out the oscillator and I added it to your indicator and compared both:

• Blue - w/o MyEMA
• Pink - w/ MyEMA

I'm still new to thinkscript and scripting in general so be sure to review but there does seem to be a noticeable difference.

script MyEMA {
    input data = close;
    input length = 15;
    def EMA = CompoundValue(1, 2 / (length + 1) * data + (length - 1) / (length + 1) * EMA[1], Average(data, length));
    plot MyEma = EMA;
}

script fib{
input d     = close;
def ema2    = MyEMA(d, 2);
def ema3    = MyEMA(d, 3);
def ema5    = MyEMA(d, 5);
def ema8    = MyEMA(d, 8);
def ema13   = MyEMA(d, 13);
def ema21   = MyEMA(d, 21);
def ema34   = MyEMA(d, 34);
def ema55   = MyEMA(d, 55);
def ema89   = MyEMA(d, 89);
def ema144  = MyEMA(d, 144);
def ema233  = MyEMA(d, 233);
def ema377  = MyEMA(d, 377);
def ema610  = MyEMA(d, 610);
def ema987  = MyEMA(d, 987);
def ema1597 = MyEMA(d, 1597);
def sumema  = ema2 + ema3 + ema5 + ema8 + ema13 + ema21 + ema34 + ema55 + ema89 + ema144 + ema233 + ema377 + ema610 + ema987 + ema1597;
plot fibavg = sumema / 15;
fibavg.hide();
}

plot fibma_close = fib(close);

Okay thanks for your input and help regarding this script! I will check it out and get back to you. Thanks again

 

[jpmcewen]

Okay thanks for your input and help regarding this script! I will check it out and get back to you. Thanks again

The image of the chart is off I believe. I didn't realize until later that Left-axis should probably be checked, when you do that, there is a large difference to both.

 

[Joseph Patrick 18]

The image of the chart is off I believe. I didn't realize until later that Left-axis should probably be checked, when you do that, there is a large difference to both.

Ok whether I have left axis checked or unchecked on mine it doesn't change your FMA...but what does change your FMA is when you input diff time frames...Daily is normal while 1 min you see the difference of the diff FMA's...

 

[jpmcewen]

I don't know why you aren't seeing anything different. Code I shared above. Blue is left-axis checked. Pink is left-axis unchecked.

 

[Joseph Patrick 18]

Hi can you provide a pic because when I check and uncheck left axis I do not see a difference (was looking on Daily chart) thanks.

I don't know why you aren't seeing anything different. Code I shared above. Blue is left-axis checked. Pink is left-axis unchecked.

So sorry I got it now....I had left axis unchecked in main settings... I see the same exact thing....

https://imgur.com/0ejnv6g

 

[Joseph Patrick 18]

I don't know why you aren't seeing anything different. Code I shared above. Blue is left-axis checked. Pink is left-axis unchecked.

So what's your suggestion concerning the noticible differece between the two? Thx

 

[jpmcewen]

So what's your suggestion concerning the noticible differece between the two? Thx

I'm new to this, but I think this means you need the Left-axis checked (not being an ***) for this just because the unchecked is so low from the candlesticks. I don't know if changes to the script may change that. I just took what someone else wrote and added the MyEMA. After digging into this a little today, I'm not so sure if I know this is useful at least by itself. By the look of it (on a longer term chart), it gets progressively tighter. My guess is it becomes more useful on smaller timeframes for very specific purposes but I don't know how to test that theory properly. You gotta get one of the big boys to look into this.

 

[Joseph Patrick 18]

I'm new to this, but I think this means you need the Left-axis checked (not being an ***) for this just because the unchecked is so low from the candlesticks. I don't know if changes to the script may change that. I just took what someone else wrote and added the MyEMA. After digging into this a little today, I'm not so sure if I know this is useful at least by itself. By the look of it (on a longer term chart), it gets progressively tighter. My guess is it becomes more useful on smaller timeframes for very specific purposes but I don't know how to test that theory properly. You gotta get one of the big boys to look into this.

Lol I'm probably more new to this or more inexperienced than you trust me....I am actually on phone with TOS Tech and he is going to look into it because it changes the Fibonacci Moving Average (pic 1 below)...He will call me back once someone has looked into why the FMA is being manipulated...my guess is because of the custom script (pic 2)...because if you use an actual TOS script like Keltner Channels it just shifts the screen slightly and not the FMA with related to price action.

pic 1

https://imgur.com/u7GmR5s

pic 2

https://imgur.com/XeG6MEK

I'll let you know what TOS tech sup says when they figure it out...thanks

 

[jpmcewen]

Lol I'm probably more new to this or more inexperienced than you trust me....I am actually on phone with TOS Tech and he is going to look into it because it changes the Fibonacci Moving Average (pic 1 below)...He will call me back once someone has looked into why the FMA is being manipulated...my guess is because of the custom script (pic 2)...because if you use an actual TOS script like Keltner Channels it just shifts the screen slightly and not the FMA with related to price action.

pic 1

https://imgur.com/u7GmR5s

pic 2

https://imgur.com/XeG6MEK

I'll let you know what TOS tech sup says when they figure it out...thanks

Sometimes you just gotta do what you gotta do.

 

[Joseph Patrick 18]

Sometimes you just gotta do what you gotta do.

I totally agree otherwise you'll always have your nose squished against the window on the outside always looking in ...thanks

 

[johnny2]

Wonder if this would work in tandem well with an HMA or if it'd be "too" reactive. Either way, I'd be interested to see this come to fruition

I'm Testing with HMA using Left axis on and off as a trend reversal crossover tool.

 

[optionizerSS]

Convert Tradingview Fibonacci Moving Average to ToS
I'm predominantly a price action trader but found code for trading View that looks pretty good.
I only care about the 8 and 21 EMA's so if whoever tries it wants a shortcut that's all I'm looking for. Pretty sure I could add any other EMA's later if I wanted. And the video in that link won't play cause they said it's too old.
I typically only trade price action and do great on weekly setups with no indicators at all but due to my job it's too hard to do intraday so trying to find something that might help spot better trades
https://www.tradingview.com/script/BRjm1QnO/
And here is the script>

//@version=3
#TV 8EMA Fibo & Pivot Point Reversal

study(title="8EMA's Fibo + Pivot Reversal Strategy with Alerts - Ru++", shorttitle="8EMA's Fibo + Pivot Reversal Strategy with Alerts - Ru++", overlay = true)

EMA1 = input(8, minval=1, title="EMA1")
EMA2 = input(13, minval=1, title="EMA2"),
EMA3 = input(21, minval=1, title="EMA3")
EMA4 = input(34, minval=1, title="EMA4"),
EMA5 = input(55, minval=1, title="EMA5")
EMA6 = input(89, minval=1, title="EMA6")
EMA7 = input(144, minval=1, title="EMA7")
EMA8 = input(233, minval=1, title="EMA8")

plot(ema(close, EMA1), color=green, linewidth=2)
plot(ema(close, EMA2), color=white, linewidth=2)
plot(ema(close, EMA3), color=gray, linewidth=2)
plot(ema(close, EMA4), color=blue, linewidth=2)
plot(ema(close, EMA5), color=red, linewidth=2)
plot(ema(close, EMA6), color=orange, linewidth=2)
plot(ema(close, EMA7), color=yellow, linewidth=2)
plot(ema(close, EMA8), color=purple, linewidth=2)

leftBars = input(4)
rightBars = input(2)

swh = pivothigh(leftBars, rightBars)
swl = pivotlow(leftBars, rightBars)

swh_cond = not na(swh)

hprice = 0.0
hprice := swh_cond ? swh : hprice[1]

le = false
le := swh_cond ? true : (le[1] and high > hprice ? false : le[1])

swl_cond = not na(swl)

lprice = 0.0
lprice := swl_cond ? swl : lprice[1]


se = false
se := swl_cond ? true : (se[1] and low < lprice ? false : se[1])

// Filter out signals if opposite signal is also on
se_filtered = se and not le
le_filtered = le and not se

// Filter consecutive entries
prev = 0
prev := se_filtered ? 1 : le_filtered ? -1 : prev[1]

se_final = se_filtered and prev[1] == -1
le_final = le_filtered and prev[1] == 1

plotshape(se_final, color=green, text = "BUY", style=shape.triangleup,location=location.belowbar)
plotshape(le_final, color=red, text = "SELL", style=shape.triangledown,location=location.abovebar)

alertcondition(se_final, "BUY-Autoview", "")
alertcondition(le_final, "SELL-Autoview", "")

 

[MerryDay]

@optionizerSS Your post was moved here because it would seem that the first post in this thread could possibly meet your needs.