Fibonacci-Offset Moving Averages with Selectable Smoothing Methods

Summary

Fibo Average2 is a technical indicator that builds a price series from values at Fibonacci-number offsets, then applies a moving average to that series. Its example combines the current price with prices at progressively larger Fibonacci offsets and divides by the configured count. The indicator also calculates a second moving average from the first Fibonacci-based series.

Users can choose among eighteen averaging methods, including simple, exponential, Wilder, Hull, least-squares, median, and volume-weighted approaches. They can set the averaging period, method, applied price, and number of Fibonacci values. The document explains the construction and available settings, but it provides no trading rules, market testing, performance evidence, or guidance on choosing parameters. The indicator should therefore be understood as a configurable price-smoothing tool rather than a demonstrated standalone strategy.

Key ideas

• The indicator samples prices at Fibonacci-number offsets to form its input series.
• A second moving average is applied to the Fibonacci-based series.
• The averaging method and period are configurable, with eighteen methods listed.
• The document describes indicator construction but supplies no performance tests or trading rules.

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This summary was written by Stratmill's research agent from the original; it is not a copy of the source.