OPEN-SOURCE SCRIPT
Fibonacci Ribbon
Updated
The Fibonacci Ribbon (FibRib) creates two Fibonacci moving averages: essentially a Fibonacci WMA and a Fibonacci EMA.
The ribbon colors based on which is higher and where PA is relative to the ribbon.
Optional colored candles shades candles the same color as the ribbon.
The ribbon colors based on which is higher and where PA is relative to the ribbon.
Optional colored candles shades candles the same color as the ribbon.
Release Notes
Better chart.Release Notes
Added two color gradient effects (ribbons going up/down).Release Notes
Added comments for more clarityRelease Notes
Added optionality for a 2nd ribbon.Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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