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Smooth Fibonacci Bands

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Smooth Fibonacci Bands

This indicator overlays adaptive Fibonacci bands on your chart, creating dynamic support and resistance zones based on price volatility. It combines a simple moving average with ATR-based Fibonacci levels to generate multiple bands that expand and contract with market conditions.

## Features
- Creates three pairs of upper and lower Fibonacci bands
- Smoothing option for cleaner, less noisy bands
- Fully customizable colors and line thickness
- Adapts automatically to changing market volatility

## Settings
Adjust the SMA and ATR lengths to match your trading timeframe. For short-term trading, try lower values; for longer-term analysis, use higher values. The Fibonacci factors determine how far each band extends from the center line - standard Fibonacci ratios (1.618, 2.618, and 4.236) are provided as defaults.

## Trading Applications
- Use band crossovers as potential entry and exit signals
- Look for price bouncing off bands as reversal opportunities
- Watch for price breaking through multiple bands as strong trend confirmation
- Identify potential support/resistance zones for placing stop losses or take profits

Fibonacci Bands combines the reliability of moving averages with the adaptability of ATR and the natural market harmony of Fibonacci ratios, offering a robust framework for both trend and range analysis.
Nota Keluaran
Added Alerts Functionality
The indicator provides alerts for price crossovers of each band:

Middle line (SMA) crossovers
Upper and lower band crossings for all three Fibonacci levels
Customizable alert settings to focus only on bands you're trading

Trading Applications
Use band crossovers as potential entry and exit signals (with automatic alerts)
Look for price bouncing off bands as reversal opportunities
Watch for price breaking through multiple bands as strong trend confirmation
Identify potential support/resistance zones for placing stop losses or take profits
Nota Keluaran
Changed the default Lengths from 50, 14, and 5 to 8,6 and 3 for optimizing the 5 min time frame

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.