— Easy Mavilim Trend indicator
— This Indicator plots smoothed weighted moving average combinations of various Fibonacci numbers
— a great support and resistance for long term trading and confirmation
— 1- MavilimW has 2 colors now. Blue signals for uptrend, Red for downtrend.
— 2- You can cghange the sensitivity of the indicator by changing the first two parameters
— 3- In the settings you can also add the original version by checking the “Show previous version” button
— 4- The indicator calculates Fibonacci series automatically when you change the two parameters
— HINT: first parameter must be equal or less then second
— Some examples: 0,1 or 1,1 or 1,2 or 2,3 or even 5,5 and so on…
— by increasing the parameters the indicator becomes less sensitive for buy and sell signals but will have
— high potential of becoming support or resistance line
— by decreasing the parameters you can have more sensitive buy an sell signals which changes the color of the indicator.
— Author/Yazar: KıvanÇ @fr3762 twitter – ported by GnAsHeR twitter : @Eris Kucukoglu