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/
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
סקריפט קוד פתוח
ברוח האמיתית של TradingView, יוצר הסקריפט הזה הפך אותו לקוד פתוח, כך שסוחרים יוכלו לעיין בו ולאמת את פעולתו. כל הכבוד למחבר! אמנם ניתן להשתמש בו בחינם, אך זכור כי פרסום חוזר של הקוד כפוף ל־כללי הבית שלנו.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.