This indicator calculates fast and slow moving averages based on predefined Fibonacci ratio pairs, such as 89/144 or 21/34, along with a combined Golden Ratio moving average.
Users can choose from multiple weighting types, including Simple, Exponential, Running, Weighted, and Volume-Weighted moving averages. The indicator plots these average lines directly on the price chart and identifies trend crossovers via customizable Golden Cross and Death Cross markers.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Source
source
close
SOURCE
Weight
string
Weighted
WEIGHT
Long/Short Ratio
input
RATIO_DEFAULT
RATIO
[Enable/Disable] Fast
bool
true
Long_io
[Enable/Disable] Slow
bool
true
Short_io
[Enable/Disable] Golden Ratio
bool
true
Ratio_io
[Enable/Disable] Golden Cross
bool
true
Gcross_io
[Enable/Disable] Death Cross
bool
true
Dcross_io
Golden Cross Text Color:
color
GOLDEN
Gcross_text_color
Death Cross Text Color
color
IVORY
Dcross_text_color
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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