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Fibonacci Average Stepper

Fibonacci sequence is defined by integer sequence: 0, 1, 1, 2, 3, 5, 8, 13, 34, 55, 89, 144, ...

By definition, it starts from 0 and 1, the next number is calculated as a sum of two previous numbers.

Instead of the standard moving average, the indicator uses the caluclation of average price in form:

Bar0 + Bar1 + Bar2 + Bar3 + Bar5 + Bar8 + Bar13 +...

Input parameters: 

  • FiboNumPeriod (15) - Fibonacci period;
  • nAppliedPrice (0) - applied price (PRICE_CLOSE=0; PRICE_OPEN=1; PRICE_HIGH=2; PRICE_LOW=3; PRICE_MEDIAN=4; PRICE_TYPICAL=5; PRICE_WEIGHTED=6);
  • maPeriod (55) - period of MA;
  • maMethod (0) - MA mode (MODE_SMA=0; MODE_EMA=1; MODE_SMMA=2; MODE_LWMA=3).
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