Fibonacci Moving Averages Input

The Fibonacci Moving Averages Input indicator provides a flexible framework for backtesting and visualizing moving average crossovers using a combination of Fibonacci-sequenced and standard period lengths.

Usage

The Usage section describes how the script can be used to identify trend shifts and execute automated backtests. Users can select specific moving averages to monitor for "Golden Cross" (bullish) or "Death Cross" (bearish) signals.

• Trend Identification: By enabling multiple Fibonacci moving averages (1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, 4181), users can visualize a "ribbon" effect to determine trend strength and direction.
• Backtesting Crossovers: The strategy allows for specific pairings of any two averages. For example, a user can set a Bullish signal for when a 34 EMA crosses over a 144 EMA, while simultaneously setting a Bearish signal for when a 55 EMA crosses under a 144 SMA.
• Visual Analysis: The script includes color-coded plots where a rising value is green and a falling value is red, allowing for immediate feedback on price momentum across various time horizons.

Details

The script executes based on two primary components: a visual plotting engine and a strategy execution engine.

1. Moving Average Calculation: The tool supports both Simple Moving Averages (SMA) and Exponential Moving Averages (EMA).
2. Fibonacci Integration: The default lengths follow the Fibonacci sequence, which are often used by technical analysts to find support and resistance levels that correlate with natural market cycles.
3. Strategy Logic: The backtesting component uses the ta.crossover and ta.crossunder functions. Unlike static indicators, this script allows the user to independently define which MA types and lengths trigger long vs. short entries, enabling "asymmetric" strategy testing.

Settings

Long or Short Settings

• Long EMA or SMA: Toggles between Exponential and Simple Moving Average for the primary bullish signal line.
• Long: Sets the period length for the primary bullish signal line.
• Crossover EMA or SMA: Toggles between EMA and SMA for the secondary bullish baseline.
• Crossover: Sets the period length for the secondary bullish baseline.
• Short EMA or SMA: Toggles between EMA and SMA for the primary bearish signal line.
• Short: Sets the period length for the primary bearish signal line.
• Crossunder EMA or SMA: Toggles between EMA and SMA for the secondary bearish baseline.
• Crossunder: Sets the period length for the secondary bearish baseline.

Visual FibMA Settings

• Fib EMA or SMA: Global toggle for the type of moving average used for the Fibonacci-sequenced plots.
• MA1 - MA4181: Individual toggles and length inputs for 18 different Fibonacci-based moving averages.

Visual MA Settings

• EMA or SMA: Global toggle for the type of moving average used for the standard period plots.
• MA50 - MA200: Individual toggles and length inputs for common market benchmarks (50, 100, 150, and 200 periods).

FAQ

How do I change the signal from a 50/200 cross to something else?
Navigate to the "Long or Short Settings" group in the script settings and input your desired lengths in the "Long" and "Crossover" fields for bullish signals, or "Short" and "Crossunder" for bearish signals.

Can I use both EMAs and SMAs at the same time?
Yes, the strategy settings allow you to select the moving average type (EMA or SMA) independently for each of the four signal lines used in the crossover logic.

How do I get access to the Fibonacci Moving Averages Input?
You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.