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FIB Band Signals with RSI Filter

Original Author: Rashad

Added by Rashad 6-26-16
These Bollinger bands feature Fibonacci retracements to very clearly show areas of support and resistance . The basis is calculate off of the Volume Weighted Moving Average . The Bands are 3 standard deviations away from the mean. 99.73% of observations should be in this range.

Updated by Dysrupt 7-12-18
-Buy signals added on lower bands, mean and upper 3 bands
-Sell signals added to upper 3 bands
-RSI filter applied to signals
-Alerts not yet added
-Long Biased

NOTE: This is NOT a set and forget signal indicator. It is extremely versatile for all environments by adjusting the RSI filter and checking the band signals needed for the current trend and trading style.
alertsbuysignalPivot PointsVolume Weighted Moving Average (VWMA)

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