OPEN-SOURCE SCRIPT
Fibonacci Bollinger Band Cluster

This indicator creates moving averages based on Fibonacci numbers (3-233, divided by 10 to average) sourced by high, low, and ohlc4 and plots lines based on these three. The Fib MA High line is either green or red (Fib High < Close), the Fib MA Low line is either lime or orange (Fib Low < Close), and the Fib MA OHLC4 line is constantly white. A cluster or series of Bollinger Bands is then created using the Fib MA OHLC4 line as the basis. Fibonacci-based deviations (1, 2, 3, 5, 8) are then used to create three upper and three lower Bollinger lines.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Take your trading to new heights with LeafAlgo Premium Indicators and Strategies. Use code SSMS4MGK at checkout for a 50% discount on your first purchase at LeafAlgo.com !
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Take your trading to new heights with LeafAlgo Premium Indicators and Strategies. Use code SSMS4MGK at checkout for a 50% discount on your first purchase at LeafAlgo.com !
Join our Discord community today!
discord.gg/rNQ2QW59Pn
Join our Discord community today!
discord.gg/rNQ2QW59Pn
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.