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RoseTree Golden Bands
RoseTree Golden Bands
Overview
RoseTree Golden Bands is a volatility-based support indicator that uses Fibonacci ratios combined with Average True Range (ATR) to identify potential buy zones below price action.
How It Works
The indicator calculates a simple moving average (SMA) of the closing price, then subtracts ATR-based offsets using two key Fibonacci extensions (2.618 and 4.236) to create dynamic support bands that expand and contract with market volatility.
Components
Orange Line (Level 2) — SMA minus ATR × 2.618. Acts as the first support level and early warning zone.
Green Line (Buy Zone) — SMA minus ATR × 4.236. Represents deeper support where price has historically found strong buying interest.
BUY Signal — Triggers when the candle's low comes within 2% of the green line, alerting you to potential accumulation opportunities.
Settings
Length: Period for both SMA and ATR calculations (default: 20)
Fibonacci Ratio 2: Multiplier for the orange band (default: 2.618)
Fibonacci Ratio 3: Multiplier for the green buy zone (default: 4.236)
Usage
Look for BUY signals during pullbacks in an uptrend. The bands adapt to volatility, widening during turbulent markets and narrowing during consolidation. Best used alongside trend confirmation and volume analysis rather than as a standalone signal.
Overview
RoseTree Golden Bands is a volatility-based support indicator that uses Fibonacci ratios combined with Average True Range (ATR) to identify potential buy zones below price action.
How It Works
The indicator calculates a simple moving average (SMA) of the closing price, then subtracts ATR-based offsets using two key Fibonacci extensions (2.618 and 4.236) to create dynamic support bands that expand and contract with market volatility.
Components
Orange Line (Level 2) — SMA minus ATR × 2.618. Acts as the first support level and early warning zone.
Green Line (Buy Zone) — SMA minus ATR × 4.236. Represents deeper support where price has historically found strong buying interest.
BUY Signal — Triggers when the candle's low comes within 2% of the green line, alerting you to potential accumulation opportunities.
Settings
Length: Period for both SMA and ATR calculations (default: 20)
Fibonacci Ratio 2: Multiplier for the orange band (default: 2.618)
Fibonacci Ratio 3: Multiplier for the green buy zone (default: 4.236)
Usage
Look for BUY signals during pullbacks in an uptrend. The bands adapt to volatility, widening during turbulent markets and narrowing during consolidation. Best used alongside trend confirmation and volume analysis rather than as a standalone signal.
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系ZackBakos。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
To access this indicator, you must be a member of the RoseTree community. Visit rosetree.com to join, then DM me your username to receive access.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系ZackBakos。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
To access this indicator, you must be a member of the RoseTree community. Visit rosetree.com to join, then DM me your username to receive access.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。