Fibonacci-Shifted Moving Average Indicator

Summary

This indicator description explains a moving average built from prices sampled at offsets based on Fibonacci numbers. The selected prices are combined into a Fibonacci moving average, after which a second moving average is calculated from that first series. Inputs include the averaging period, averaging method, applied price, and number of Fibonacci offsets to use.

The example illustrates the construction with eight offsets, listing the current price and prices at progressively selected future-in-index offsets such as 1, 2, 3, 5, 8, and 13 bars back, with one offset repeated in the displayed formula. It then applies a conventional moving average to the resulting series. The description does not explain why this sampling scheme should improve trend detection, how the repeated term should be interpreted, or how the indicator performs across markets. It provides a calculation concept rather than empirical testing or trading rules.

Key ideas

• The indicator samples applied prices at bar offsets associated with Fibonacci numbers.
• It averages the selected prices to create a first Fibonacci-based series.
• A second moving average is applied to that first series.
• The user selects the period, averaging method, applied price, and Fibonacci count.
• The description supplies no performance evidence or trading rules.

Tags

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