OPEN-SOURCE SCRIPT
Fibonacci Institutional Impulse
FII (Fibonacci Institutional Impulse) is a modified version of the original indicator created by blublub and distributed under the Mozilla Public License 2.0 (MPL 2.0).
This version was expanded and refined by kedwar13 to improve trend visualization and emphasize price interaction with the Fibonacci 0.5 deviation bands.
MODIFICATIONS
Changes made in this version include:
• Added 60 EMA and 200 EMA trend overlays
• Added Fibonacci 0.5 band crossing visualization
• Added configurable Fibonacci Band settings
• Added visual labels and alert conditions
• Improved chart readability and script organization
• Updated and standardized naming/labels
INDICATOR PURPOSE
This indicator is designed to highlight price interaction with the Fibonacci 0.5 deviation bands derived from a VWMA-based volatility structure.
The 0.5 bands may act as dynamic areas of:
• momentum continuation,
• trend confirmation,
• pullback reactions,
• or possible exhaustion.
The included EMA overlays help provide broader trend context and directional bias.
IMPORTANT DISCLAIMER
This indicator is NOT a standalone buy or sell signal system.
The plotted labels and alerts only indicate that price has crossed a Fibonacci 0.5 band. Crossings alone should not be treated as guaranteed entries or exits.
Signals should always be confirmed using additional analysis such as:
• market structure,
• price action,
• support/resistance,
• volume,
• or higher timeframe trend confirmation.
This tool is intended to be used as a confluence and market context indicator rather than an automated trading strategy.
CREDITS
Original script:
© blublub
Modified and extended by:
kedwar13
Licensed under MPL 2.0:
mozilla.org/MPL/2.0/
This version was expanded and refined by kedwar13 to improve trend visualization and emphasize price interaction with the Fibonacci 0.5 deviation bands.
MODIFICATIONS
Changes made in this version include:
• Added 60 EMA and 200 EMA trend overlays
• Added Fibonacci 0.5 band crossing visualization
• Added configurable Fibonacci Band settings
• Added visual labels and alert conditions
• Improved chart readability and script organization
• Updated and standardized naming/labels
INDICATOR PURPOSE
This indicator is designed to highlight price interaction with the Fibonacci 0.5 deviation bands derived from a VWMA-based volatility structure.
The 0.5 bands may act as dynamic areas of:
• momentum continuation,
• trend confirmation,
• pullback reactions,
• or possible exhaustion.
The included EMA overlays help provide broader trend context and directional bias.
IMPORTANT DISCLAIMER
This indicator is NOT a standalone buy or sell signal system.
The plotted labels and alerts only indicate that price has crossed a Fibonacci 0.5 band. Crossings alone should not be treated as guaranteed entries or exits.
Signals should always be confirmed using additional analysis such as:
• market structure,
• price action,
• support/resistance,
• volume,
• or higher timeframe trend confirmation.
This tool is intended to be used as a confluence and market context indicator rather than an automated trading strategy.
CREDITS
Original script:
© blublub
Modified and extended by:
kedwar13
Licensed under MPL 2.0:
mozilla.org/MPL/2.0/
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.