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 open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.