LZ Fibo Ribbon
- 지표
- Lukasz Tomasz Zychal
- 버전: 1.0
LZ Fibo Ribbon displays a smooth ribbon of four Exponential Moving Averages (EMAs) calibrated to the popular Fibonacci sequence numbers (21, 34, 55, 89) by default. This combination forms a dynamic band of support and resistance on your chart, making it easy to instantly identify trend direction, momentum, and potential pullback zones.
Feature highlights
- Trend Identification: clearly visualizes the trend direction and strength based on the spacing and order of the moving averages within the ribbon.
- Dynamic Support & Resistance: the band of EMAs serves as a visual area for potential retracements and bounces.
- Customizable Periods: while the default spans standard Fibonacci numbers (21, 34, 55, 89), you can change any of the periods to fit your specific strategy.
- Complete Styling Control: change the color and line width of each individual moving average to ensure optimal visibility on both dark and light charts.
- Adaptability: works effectively on any timeframe and across all financial instruments.
Input parameters
- EMA Periods: four inputs (Period 1 to Period 4) allowing customization of each moving average length (default 21, 34, 55, 89).
- Applied Price: choose which price the indicator should calculate from (Close, Open, High, Low, Median, Typical, Weighted).
- Line Visuals: independent color and width settings for EMA 1, EMA 2, EMA 3, and EMA 4.
Installation
Copy the .ex5 file to MQL5/Indicators/. Restart MetaTrader 5 or refresh the Navigator, then drag the indicator onto a chart.
Compatibility
MetaTrader 5. All symbols. Works on any chart period.
