Fibonacci Moving Averages with Buy and Sell Arrows
Fibonacci sequence is defined by integer sequence: 0, 1, 1, 2, 3, 5, 8, 13, 21, 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 following calculation of average price: Bar0 + Bar1 + Bar2 + Bar3 + Bar5 + Bar8 + Bar13 + Bar21 + ...
- fiboNum - numbers in the following integer sequence for Fibo Moving Average 1. 5 on default.
- fiboNum2 - numbers in the following integer sequence Fibo Moving Average 2. 15 on default.