OPEN-SOURCE SCRIPT
Nested SMA Fib Wave
A multi-timeframe-style moving average ribbon made of 8 Simple Moving Averages (SMAs) whose lengths follow consecutive Fibonacci numbers, each scaled by a user-chosen base length.You pick a starting Fibonacci number (e.g. 5, 8, 13, 21, 34…) via dropdown
The script takes the next 7 Fibonacci numbers in sequence
Each is multiplied by your base length → produces 8 progressively longer SMAs
Plots them as a colorful “wave” ribbon + optional zone shading between pairs
Includes bar-coloring modes based on distance from a chosen reference MA (gradient strength, simple above/below, etc.)
Example (base = 10, start Fib = 13):
Lengths → 130, 210, 340, 550, 890, 1 440, 2 330, 3 770Primary Use CasesTrend Strength & Multi-Timeframe Context Wider ribbon = strong trend / high volatility
Narrow / converging ribbon = consolidation / potential reversal
Price riding the upper/lower edge = strong directional momentum
Dynamic Support/Resistance Zones The shaded areas between MAs act as natural support/resistance layers
Price reactions at different Fib-based levels often highlight key zones
Trend-Following Entries & Exits Pullbacks to a middle MA (e.g. MA4 or MA5) in a trending ribbon → higher-probability entries
Ribbon inversion / major expansion → potential trend-change signal
Filtering Noise on Lower Timeframes Use a higher base length (or later-starting Fib) to create very smooth, longer-term context
Combine with shorter base/start for tactical entries on the same chart
Visual “Market Regime” Identification Tight, flat, overlapping MAs → ranging/choppy market
Strongly fanned-out ribbon → trending market (bullish or bearish depending on slope)
In short: It’s a visually intuitive way to see trend persistence, strength, and hierarchy of support/resistance using Fibonacci-proportioned smoothing periods instead of arbitrary or power-of-2 steps.
The script takes the next 7 Fibonacci numbers in sequence
Each is multiplied by your base length → produces 8 progressively longer SMAs
Plots them as a colorful “wave” ribbon + optional zone shading between pairs
Includes bar-coloring modes based on distance from a chosen reference MA (gradient strength, simple above/below, etc.)
Example (base = 10, start Fib = 13):
Lengths → 130, 210, 340, 550, 890, 1 440, 2 330, 3 770Primary Use CasesTrend Strength & Multi-Timeframe Context Wider ribbon = strong trend / high volatility
Narrow / converging ribbon = consolidation / potential reversal
Price riding the upper/lower edge = strong directional momentum
Dynamic Support/Resistance Zones The shaded areas between MAs act as natural support/resistance layers
Price reactions at different Fib-based levels often highlight key zones
Trend-Following Entries & Exits Pullbacks to a middle MA (e.g. MA4 or MA5) in a trending ribbon → higher-probability entries
Ribbon inversion / major expansion → potential trend-change signal
Filtering Noise on Lower Timeframes Use a higher base length (or later-starting Fib) to create very smooth, longer-term context
Combine with shorter base/start for tactical entries on the same chart
Visual “Market Regime” Identification Tight, flat, overlapping MAs → ranging/choppy market
Strongly fanned-out ribbon → trending market (bullish or bearish depending on slope)
In short: It’s a visually intuitive way to see trend persistence, strength, and hierarchy of support/resistance using Fibonacci-proportioned smoothing periods instead of arbitrary or power-of-2 steps.
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.