The Bollinger Bands Fibonacci Ratios indicator for TradingView is a tool that makes trading easy and relaxing.
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Get an up-to-date trading tool that measures price volatility and allows you to monitor market trends. Determine future price movements thanks to our product!
Works on TradingView
The Bollinger Bands Fibonacci Ratios indicator has upper and lower volatility bands. However, instead of using the Standard Deviation, Smoothed ATR is applied in this tool.
After calculating the Smoothed ATR value, three upper and three lower bands are created by multiplying the ATR value by positive and negative Fibonacci factors (1.618, 2.618, 4,236). Then results are added to the mid-band based on the Simple Moving Average of the closing price.
Traders use the Bollinger Bands Fibonacci Ratios indicator for trading shares and goods. Also, the tool is applied to monitor price volatility when the price reaches the upper or lower band. These ranges expand if the volatility is high. And vice versa. Volatility identification adapts a trading system to generate corresponding signals in time.
Default Input Parameters
Default Style Settings
Bollinger Bands Fibonacci Ratios Indicator on the H1 Chart with Default Parameters
Bollinger Bands Fibonacci Ratios Indicator Depicted on the M5 Chart with Custom Parameters
A ready-made form will help you not to forget important aspects of your technical specification.
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