OPEN-SOURCE SCRIPT
Zaktualizowano Fibonacci Rainbow EMAs & 55/144 Cross
The "Fibonacci Rainbow EMAs & 50/200 Cross" indicator is a powerful tool for visualizing price trends and identifying potential trading opportunities. It combines two key components: a Fibonacci-based EMA rainbow and a moving average crossover system.
Fibonacci Rainbow EMAs:
This indicator plots seven Exponential Moving Averages (EMAs) based on Fibonacci numbers: 8, 13, 21, 55, 89, 144, and 233. These EMAs are color-coded in a rainbow sequence (Red, Orange, Yellow, Green, Aqua, Blue, Purple) to provide a clear visual representation of the short-term, medium-term, and long-term price trends. The rainbow effect helps traders quickly assess the overall market direction and identify potential support and resistance levels. When the EMAs are aligned in the correct order (8 above 13, 13 above 21, etc.), it suggests a strong uptrend. The opposite order suggests a downtrend. Compression of the rainbow suggests consolidation, while expansion suggests increasing volatility.
55/144 EMA Cross Detection:
In addition to the rainbow, the script detects and visually highlights crossovers between the 55-period EMA and the 144-period EMA.
Bullish Cross: When the 55-period EMA crosses above the 144-period EMA, a green upward-pointing triangle is plotted below the bar. This signals a potential shift towards bullish momentum.
Bearish Cross: When the 55-period EMA crosses below the 144-period EMA, a red downward-pointing triangle is plotted above the bar. This signals a potential shift towards bearish momentum.
Alerts:
The indicator includes customizable alerts for both bullish and bearish crossovers. These alerts can be configured within TradingView to notify you when a crossover occurs, allowing you to react quickly to potential trading opportunities. The alert messages specifically state which EMAs have crossed (55 and 144).
Key Features:
How to Use:
Use the EMA rainbow to identify the overall trend direction.
Look for 55/144 EMA crossovers as potential entry or exit points.
Combine the indicator with other technical analysis tools for confirmation.
Customize the alerts to fit your trading style.
Disclaimer: This indicator is for informational and educational purposes only and should not be considered financial advice. Trading involves risk, and 1 past performance is not indicative of future results. Always do your own research and consult with a qualified financial advisor before making any investment decision.
Fibonacci Rainbow EMAs:
This indicator plots seven Exponential Moving Averages (EMAs) based on Fibonacci numbers: 8, 13, 21, 55, 89, 144, and 233. These EMAs are color-coded in a rainbow sequence (Red, Orange, Yellow, Green, Aqua, Blue, Purple) to provide a clear visual representation of the short-term, medium-term, and long-term price trends. The rainbow effect helps traders quickly assess the overall market direction and identify potential support and resistance levels. When the EMAs are aligned in the correct order (8 above 13, 13 above 21, etc.), it suggests a strong uptrend. The opposite order suggests a downtrend. Compression of the rainbow suggests consolidation, while expansion suggests increasing volatility.
55/144 EMA Cross Detection:
In addition to the rainbow, the script detects and visually highlights crossovers between the 55-period EMA and the 144-period EMA.
Bullish Cross: When the 55-period EMA crosses above the 144-period EMA, a green upward-pointing triangle is plotted below the bar. This signals a potential shift towards bullish momentum.
Bearish Cross: When the 55-period EMA crosses below the 144-period EMA, a red downward-pointing triangle is plotted above the bar. This signals a potential shift towards bearish momentum.
Alerts:
The indicator includes customizable alerts for both bullish and bearish crossovers. These alerts can be configured within TradingView to notify you when a crossover occurs, allowing you to react quickly to potential trading opportunities. The alert messages specifically state which EMAs have crossed (55 and 144).
Key Features:
- Visual Trend Identification: The rainbow EMAs provide a clear, color-coded view of the trend.
- Crossover Signals: The 55/144 EMA crossovers generate potential buy and sell signals.
- Customizable Alerts: Real-time alerts keep you informed of significant market events.
- Fibonacci Sequence: The use of Fibonacci numbers for EMA lengths adds a mathematical basis often considered significant in market analysis.
How to Use:
Use the EMA rainbow to identify the overall trend direction.
Look for 55/144 EMA crossovers as potential entry or exit points.
Combine the indicator with other technical analysis tools for confirmation.
Customize the alerts to fit your trading style.
Disclaimer: This indicator is for informational and educational purposes only and should not be considered financial advice. Trading involves risk, and 1 past performance is not indicative of future results. Always do your own research and consult with a qualified financial advisor before making any investment decision.
Informacje o Wersji
Update 1.1.0 SummaryThis update introduces several enhancements to improve usability, visualization, and reliability of the Fibonacci Rainbow EMAs & 55/144 Cross indicator. Key changes include:
Line Thickness and Style:
Added customizable line width for EMAs, with a default width of 2 for better visibility.
Cross Confirmation:
Introduced a confirmation mechanism for bullish and bearish crosses, requiring a user-defined number of bars (confirmationBars) to validate signals and reduce false positives.
Background Highlighting:
Added background highlighting for confirmed crosses, making it easier to identify significant trend changes.
Customizable Colors:
Enabled full customization of EMA and cross marker colors via input options, allowing users to tailor the visual appearance to their preferences.
Performance Optimization:
Improved script efficiency by skipping unnecessary calculations when EMAs are not being plotted, ensuring smoother performance on lower timeframes.
https://www.tradingview.com/x/g3l6fwbx/
Informacje o Wersji
Update 1.2.0 - New Features AddedBackground Highlighting: Look for green or red highlights on the chart to identify confirmed crosses.
Update to Pinescript v6
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Skrypt open-source
W duchu TradingView twórca tego skryptu udostępnił go jako open-source, aby traderzy mogli analizować i weryfikować jego funkcjonalność. Brawo dla autora! Możesz korzystać z niego za darmo, ale pamiętaj, że ponowna publikacja kodu podlega naszym Zasadom Społeczności.
Aby uzyskać szybki dostęp na wykresie, dodaj ten skrypt do ulubionych — więcej informacji tutaj.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.