Fibonacci HH LL TRAMA Band

2023年9月29日

LuxAlgo's Trend Moving Adaptive Moving Average was used as a reference to create bands by reading the highest and lowest prices of past bars based on Fibonacci numbers and then multiplying them by the Fibonacci ratio.

LuxAlgo/https://jp.tradingview.com/script/p8wGCPi6-Trend-Regularity-Adaptive-Moving-Average- LuxAlgo/

In particular, the so-called TRAMA is characterized by its adaptation to the average of the highest and lowest prices over a specific period of time and is used to identify support/resistance.

In order to apply this feature to the maximum extent possible, I used the high or low prices as the source of input, rather than the closing price.
For example,

src = high

not original like

src = close

In addition, I created 6 levels by multiplying the Fibonacci ratio

//Midline
mah = ama1
mal = ama2

m = (mah + mal)/2

//Half Mean Range
dist = (mah - mal)/2

//Levels
h6 = m + dist * 11.089
h5 = m + dist * 6.857
h4 = m + dist * 4.235
h3 = m + dist * 2.618
h2 = m + dist * 1.618
h1 = m + dist * 0.618
l1 = m - dist * 0.618
l2 = m - dist * 1.618
l3 = m - dist * 2.618
l4 = m - dist * 4.235
l5 = m - dist * 6.857
l6 = m - dist * 11.089

If you want to use it for scalping, such as 15 minutes, you can include Fibonacci numbers such as 21,34,55 for a quick reaction type to detect the trend. Also, by including Fibonacci numbers such as 89,144,233, you can see where you stand in the larger trend. Some examples are included below.

For Investors
BTCUSDT 1day Chart Fibonacci number "55"


For Daytraders
BTCUSDT 4hour Chart Fibonacci number "34"


For Scalpers
BTCUSDT 15min Chart Fibonacci number "55"


BTCUSDT 15min Chart Fibonacci number "89"


BTCUSDT 15min Chart Fibonacci number "233"

Fibonacci numbers are 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, etc.,

Fibonacci ratios are 0.618, 1.618, 2.618, 4.236, 6.854, 11.089, etc.,

2024年12月24日

版本注释

updated version6