PhiMACD
Here is a modified moving average which uses phi as the scaling interval between moving average periods. Each MACD line is derived by determining EMAs for 8 period frames, each of which is related to the other proportionally by phi, and calculating each line by comparing it against its immediate predecessor. Actual period values are 9 15 24 39 63 102 165 and 267
study(title="Fibonacci Moving Average", shorttitle="FibMA", overlay=false) ema1 = close, len = input(9, minval=1, title="Length") out1 = ema(ema1, len) ema2 = close, len2 = input(15, minval=1, title="Length") out2 = ema(ema2, len2) ema3 = close, len3 = input(24, minval=1, title="Length") out3 = ema(ema3, len3) ema4 = close, len4 = input(39, minval=1, title="Length") out4 = ema(ema4, len4) ema5 = close, len5 = input(63, minval=1, title="Length") out5 = ema(ema5, len5) ema6 = close, len6 = input(102, minval=1, title="Length") out6 = ema(ema6, len6) ema7 = close, len7 = input(165, minval=1, title="Length") out7 = ema(ema7, len7) ema8 = close, len8 = input(267, minval=1, title="Length") out8 = ema(ema8, len8) plot((out7-out8)/2, title="EMA", color=#6DE807, style=line, linewidth=2,transp=65) plot((out6-out7)/2, title="EMA", color=#33FFFB, style=line, linewidth=2,transp=65) plot((out5-out6)/2, title="EMA", color=#20C1FF, style=line, linewidth=2,transp=65) plot((out4-out5)/2, title="EMA", color=#640CE8, style=line, linewidth=2,transp=65) plot((out3-out4)/2, title="EMA", color=#FF0000, style=line, linewidth=2,transp=65) plot((out2-out3)/2, title="EMA", color=#E8910C, style=line, linewidth=2,transp=65) plot((out1-out2)/2, title="EMA", color=#E87470, style=line, linewidth=2, transp=65) // // // E87470 // AF8BFF
