Fibonacci Momentum EMA Indicator

Description

This strategy is designed for crypto traders seeking a balance between trend confirmation, Fibonacci-based entry logic, and a structured multi-take-profit/stop-loss approach. It combines Fibonacci retracements, EMA crossovers, RSI, and momentum signals to identify high-probability trades.

Indicators Used

• EMA (21 & 55): Trend confirmation through fast/slow crossover
• Fibonacci Retracement Levels: Auto-detected key price zones (0.236–0.786)
• RSI (14): Filters overbought/oversold momentum conditions
• Momentum (10): Confirms trade direction
• Volume Spike Detection: Confirms strength of price move

Strategy Logic

Long Entry:

• Price touches Fibonacci support (0.236 to 0.786)
• Fast EMA > Slow EMA and price > fast EMA
• RSI between 30–80 and momentum > 0
• Volume spike

Short Entry:

• Price touches Fibonacci resistance
• Fast EMA < Slow EMA and price < fast EMA
• RSI between 20–70 and momentum < 0
• Volume spike

Take Profit Levels

• TP1: +0.5% → Closes 33% of position
• TP2: +1.0% → Closes another 33%
• TP3: +1.5% → Closes remaining 34%

Stop Loss

Fixed at -2% from entry (trailing not used)

Panel Features

• Current position and entry price
• TP/SL progress tracker
• Live PnL %, trend strength, and volume status
• Total trades & success rate calculation
• Time since entry (bars)

Key Advantages

• Automated multi-TP/SL for safer exits
• Trend + Momentum + Fibonacci confluence filtering
• Easy-to-read live panel for trade tracking
• Visual signal & TP/SL labels
• Written in Pine Script v5 for full TradingView compatibility