Fibo_Ma with Toggleable 200 EMA Filter

Please keep in mind, I use this indicator most with my TV_ MCDX.
If you use it in lower Timeframe like 15sec, 1min, use a Higher Background Timeframe like 15min or 1H

📈 Fibo_Ma with Toggleable 200 EMA Filter

Fibo_MA is a comprehensive multi-functional indicator designed to enhance your trend analysis, breakout detection, and signal confirmation strategy.
🔍 Core Logic Overview

📊 Background Color Highlights

The script dynamically colors the chart background based on price action relative to a customizable smoothing line (smooth1).

🟩 Green background appears when the open price is above the smooth1, signaling potential bullish conditions.

🟥 Red background shows when the open price is below the smooth1, suggesting bearish pressure.

📏 200 EMA Filter

A built-in 200-period Exponential Moving Average (EMA) acts as a long-term trend filter.

The 200 EMA line changes color to reflect momentum:

🟢 Green when trending upward

🔴 Red when trending downward

🎯 Signal Alerts

Receive buy alerts when the open crosses above smooth1.

Receive sell alerts when the open crosses below smooth1.

Alert conditions are filterable and customizable for precise notifications.

⚙️ Custom Features and Flexibility

Choose from various moving average types for smooth1: EMA, SMA, WMA, VWMA, ALMA, SWMA, and even VWAP.

Configure alert conditions for:

EMA 200 crossovers with smoothing line

Trend crossovers using Fibonacci-based EMA selections

Breakout and breakdown formations with custom pivot logic

Optional ATR and Volume filters for refining entry quality.

Built-in VWAP, EMA 14 (color-coded), and multi-timeframe support for high-precision analysis.

🔔 Alerts Included

✅ Price crosses above or below smoothing line (smooth1)

✅ Breakout and breakdown patterns

✅ EMA 200 crossovers

✅ Custom trend-following EMA cross labels

This script is ideal for traders who want to combine trend strength, volume confirmation, and technical breakouts with intuitive visual cues. Perfect for intraday or swing trading strategies.

ℹ️ Use this tool in conjunction with your trading strategy. Always backtest before live trading.