Supertrend, MA 44|6, EMA FIBS 13|21|34

The Supertrend, MA 44|6, EMA FIBS 13|21|34 indicator provides a comprehensive trend-following environment by combining volatility-based bands, dual simple moving averages, and a Fibonacci-sequenced EMA ribbon to identify trend direction, consolidation, and potential trade entries.

Usage

This indicator is designed to find confluence between multiple trend-following tools. A trade setup is generally considered valid when all components align in the same direction.

• Bullish Setup: Look for the price closing above the 44-period SMA while the Supertrend is green (uptrend) and the Fibonacci EMA ribbon (13, 21, 34) is expanding above the 44 SMA. Entry is ideal when price is near the 6-period SMA.
• Bearish Setup: Look for the price closing below the 44-period SMA while the Supertrend is red (downtrend) and the Fibonacci EMA ribbon is expanding below the 44 SMA.
• Consolidation: When the 44 SMA is horizontal and the Fibonacci EMAs are tightly clustered, the market is likely range-bound.
• Exits: Traders often use the 6-period SMA as a trailing exit trigger (closing the trade if price crosses it) or use candle lows/highs for stop-loss management.

Details

The script integrates three distinct methodologies:

1. Supertrend: Uses an ATR-based calculation (default 10 period, 3.0 factor) to define the primary trend bias.
2. Dual SMAs: Uses a short-term 6-period SMA for entry timing and a long-term 44-period SMA as a core trend filter.
3. EMA Fibonacci Ribbon: Uses 13, 21, and 34-period Exponential Moving Averages. These Fibonacci numbers help visualize trend strength; when they fan out, it indicates a strong breakout, whereas convergence indicates consolidation.

Settings

Supertrend

• ATR Length: The lookback period used for the Average True Range calculation.
• Factor: The multiplier applied to the ATR to determine the distance of the Supertrend line from the price.

Simple Moving Averages

• SMA #1 Length: The period for the short-term entry/exit MA (defaulted to 6).
• SMA #1 Source: The price source used for calculation.
• SMA #2 Length: The period for the primary trend filter MA (defaulted to 44).
• SMA #2 Source: The price source used for calculation.

Exponential Moving Averages

• EMA #1 Length: The first Fibonacci-based period (13).
• EMA #2 Length: The second Fibonacci-based period (21).
• EMA #3 Length: The third Fibonacci-based period (34).

FAQ

How do I use the Supertrend, MA 44|6, EMA FIBS 13|21|34?

The indicator is best used by looking for alignment across all three layers: the Supertrend color, the position of price relative to the 44 SMA, and the expansion of the EMA ribbon.

Can I change the Fibonacci periods?

Yes, the EMA lengths are fully customizable in the settings menu, though the default 13, 21, and 34 periods are standard for identifying trend momentum.

Where can I access this script?

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