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/
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.