How many Fibonacci EMAS in one indicator?

6 Fibonacci EMAs in one indicator! This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

What is the Fibonacci sequence in trading?

With the advent of exchange trading, the Fibonacci sequence began to be used in trading. Various tools based on Fibonacci numbers can be found in almost any trading platform. This strategy uses the intersection of four exponential moving averages (EMAs) with periods corresponding to the Fibonacci numbers (5, 8, 13, 21) to find trading signals.

What are Fibonacci levels?

Most importantly, Fibonacci offers very defined and precise entry and exit spots. The Fibonacci levels (or just Fibs) are derived from the Fibonacci sequence numbers. The Fibonacci sequence numbers are as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, etc.

What is Fibonacci moving average (FMA)?

The Fibonacci moving average (FMA) is a type of moving average that calculates many exponential moving averages using lookback periods from the Fibonacci sequence on both highs and lows to form a dynamic support/resistance zone. It works like a typical moving average but tends to provide more support/resistance reaction zones.