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[SS]_TrendAVGZones_and_GoldenRatioMA

The [SS]_TrendAVGZones_and_GoldenRatioMA is an indicator that is composed first of a channel made of three price averages ( base average, middle lower and middle upper ) in red is the previous corrections average and in green the previous rises average. So that way we the setting of stop loss targets and price targets can be set up at first glance. It adjusts to any timeframe so no worries 'bout that.
Also I added two exponential moving averages ( white and silver lines ) on the chart which I modified their equations by multiplying as it follows :
[ Golden ratio EMA * rphi * phi ] is the simple modification I added to fine tune it's precision and after some trials and errors I finally found a perfect spot. Now I tried it with historical data of Bitcoin and when the two Golden Ratio EMA crosses there's a big move coming imminently : if the white one is on top of the silver one the trend is bullish inversely the white one finds itself under the silver line then it needs to cross to expect a reversal.
rphi = 0.6180339887498948 = is the conjugate root of the golden ratio also called the silver ratio
phi = 1.6180339887498948 = golden ratio
It should be used to find short to mid term price targets selling as well as buying ones. If you're a long term trader I suggest using trend lines analysis in combination with it.
I hope to make this indicator a community owned indicator so don't hesitate to perfect it so we can build the best tool traders can hope for ! Together we will no longer ask wen lambo? we will get it!
IF you've got any question you can always DM me
take care of yourselves you future millionaires :D
-SS
Also I added two exponential moving averages ( white and silver lines ) on the chart which I modified their equations by multiplying as it follows :
[ Golden ratio EMA * rphi * phi ] is the simple modification I added to fine tune it's precision and after some trials and errors I finally found a perfect spot. Now I tried it with historical data of Bitcoin and when the two Golden Ratio EMA crosses there's a big move coming imminently : if the white one is on top of the silver one the trend is bullish inversely the white one finds itself under the silver line then it needs to cross to expect a reversal.
rphi = 0.6180339887498948 = is the conjugate root of the golden ratio also called the silver ratio
phi = 1.6180339887498948 = golden ratio
It should be used to find short to mid term price targets selling as well as buying ones. If you're a long term trader I suggest using trend lines analysis in combination with it.
I hope to make this indicator a community owned indicator so don't hesitate to perfect it so we can build the best tool traders can hope for ! Together we will no longer ask wen lambo? we will get it!
IF you've got any question you can always DM me
take care of yourselves you future millionaires :D
-SS
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.