Dynamic Fibonacci Pivot Points & EMA Crossovers

The Dynamic Fibonacci Pivot Points & EMA Crossovers indicator combines automated Fibonacci range calculations, standard pivot points, and Exponential Moving Average (EMA) pairs to identify key support/resistance levels and trend shifts.

Usage

This tool can be used to identify confluence zones where different technical levels align. For example, a trader might look for price action reacting where a Dynamic Fibonacci level overlaps with a Standard Pivot Point.

The indicator provides several modules:

• Fibonacci Pivot Points: Automatically calculates support and resistance based on the high, low, and close of the selected timeframe.
• Dynamic & Fixed Fibonacci Levels: Draws retracement levels based on the current period's range (Dynamic) or the previous period's range (Fixed).
• OHLC Tracking: Displays the Open, High, Low, and Close of the current and previous periods for the selected timeframe, helping traders visualize historical price boundaries.
• EMA Crossovers: Includes three toggleable EMA pairs (14/21, 50/100, and 150/200). These are commonly used to gauge short-term momentum or long-term trend direction.

Details

The script utilizes request.security to fetch data from higher timeframes (Daily, Weekly, Monthly, etc.) to ensure levels remain consistent across different chart resolutions. The Dynamic Fibonacci levels are calculated by taking the current period's high and low and applying standard ratios (0.236, 0.382, 0.5, 0.618, 0.764). The Centre Pivot Points (CPP) are calculated as the average of the high, low, and close for Daily, Weekly, and Monthly periods simultaneously to provide a multi-timeframe perspective on price equilibrium.

Settings

Fibonacci Pivot Points & OHLC

• Enable/Disable Centre PP: Toggles the display of Daily, Weekly, and Monthly central pivot lines.
• Timeframe: Sets the period for Fibonacci Pivot Points and OHLC data (e.g., Daily, Weekly, Monthly).
• Fibonacci: Toggles the standard Fibonacci Pivot Point levels.
• OHLC: Displays the Open, High, Low, and Close levels for the selected timeframe.

Fibonacci Levels

• Timeframe: Sets the period used for Dynamic and Fixed Fibonacci range calculations.
• Dynamic: Enables Fibonacci levels based on the current period's unfolding high and low.
• Fixed: Enables Fibonacci levels based on the completed previous period's range.

EMA Crossover

• EMA 14/21: Toggles the short-term trend EMA pair.
• EMA 50/100: Toggles the medium-term trend EMA pair.
• EMA 150/200: Toggles the long-term trend EMA pair.

FAQ

How do I access Dynamic Fibonacci Pivot Points & EMA Crossovers?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

What is the difference between "Dynamic" and "Fixed" Fibonacci levels?

Dynamic levels update in real-time based on the high and low of the currently active candle/period, whereas Fixed levels are calculated using the high and low of the previous completed period and remain static.

Can I set alerts for trend changes?

Yes, the script includes built-in alert conditions for crossovers and crossunders of the 14/21, 50/100, and 150/200 EMA pairs.