This indicator uses the Fibonacci p-numbers to smooth out the price series. This allows you to combine the advantages of simple and exponential moving averages.
The smoothing coefficients depend on the level of the p-number, which is set in the indicator parameters. The higher the level, the greater the role of the simple moving average becomes and the less significant the exponential average becomes.
- Fibonacci Numbers Order – the order of the p-number of the Fibonacci set by the trader. Acceptable values are in the range of 0-255.
After the indicator is launched, the “Experts” tab displays the”Fibonacci p-number level” and the length of the series used to calculate the indicator values (“Length of a number series”). The length of the calculated series depends on the number of characters in the currency quote. For 5-digit quotes, the calculation accuracy is higher, so the row length will be longer.