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Wednesday, October 29, 2008

Fibo MA Indicator

I made these 3 indicators using rainbow indicator templates. I only change the period of the moving averages. The idea was to use these MAs without adding them one by one on my chart, also it looks nicer ;P The lower fibo (blue) periods are 5 EMA and 13 EMA, middle fibo are 21 EMA and 34 EMA, and the upper fibo periods are 55 EMA and 89 EMA. My idea of using these indicators is crossover of course, but I haven't got the time to test them. I've been busy with college assignments :( Well below is the picture and I hope you like it.