# Fibonacci Bollinger Bands

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These Bollinger bands feature Fibonacci retracements to very clearly show areas of support and resistance . The basis is calculate off of the Volume Weighted Moving Average . The Bands are 3 standard deviations away from the mean. 99.73% of observations should be in this range.
```study(shorttitle="FBB", title="Fibonacci Bollinger Bands", overlay=true)
length = input(200, minval=1)
src = input(hlc3, title="Source")
mult = input(3.0, minval=0.001, maxval=50)
basis = vwma(src, length)
dev = mult * stdev(src, length)
upper_1= basis + (0.236*dev)
upper_2= basis + (0.382*dev)
upper_3= basis + (0.5*dev)
upper_4= basis + (0.618*dev)
upper_5= basis + (0.764*dev)
upper_6= basis + (1*dev)
lower_1= basis - (0.236*dev)
lower_2= basis - (0.382*dev)
lower_3= basis - (0.5*dev)
lower_4= basis - (0.618*dev)
lower_5= basis - (0.764*dev)
lower_6= basis - (1*dev)
plot(basis, color=fuchsia, linewidth=2)
p1 = plot(upper_1, color=white, linewidth=1, title="0.236")
p2 = plot(upper_2, color=white, linewidth=1, title="0.382")
p3 = plot(upper_3, color=white, linewidth=1, title="0.5")
p4 = plot(upper_4, color=white, linewidth=1, title="0.618")
p5 = plot(upper_5, color=white, linewidth=1, title="0.764")
p6 = plot(upper_6, color=red, linewidth=2, title="1")
p13 = plot(lower_1, color=white, linewidth=1, title="0.236")
p14 = plot(lower_2, color=white, linewidth=1, title="0.382")
p15 = plot(lower_3, color=white, linewidth=1, title="0.5")
p16 = plot(lower_4, color=white, linewidth=1, title="0.618")
p17 = plot(lower_5, color=white, linewidth=1, title="0.764")
p18 = plot(lower_6, color=green, linewidth=2, title="1")```

## Kommentarer

Can l access this indicator.
Svara
Hi, is there any video on how to trade this strategy please ? Or if @Rashad you could share some light ?
Svara
Svara
Is this good for btc/alts so for sats....or only usd value?
Svara
kourosht
@kourosht, A good model should be able to be applied to many of types of assets. Like such, this indicator is can be used for many different types of assets.
Svara
One of my favourite indicator out there, It's working so well on Forex. Amazing job Mr Rashad!

However, for some reason, the indicator seems not to be adapted to every chart on Trading view (maybe a bug in the source code). The indicator doesn't display on some chart and show "n/a/n/a/n/a/a/n/a"

That's a pitty, maybe you can check that Rashad?

Have a green year.
Svara
BuffaloDebile
@BuffaloDebile, think that will be where VWAP data isn't available. On some CFD's it won't pull through.
Svara
PaulMauddib
@PaulMauddib, Thanks !
Svara
jeez that is one nice chart
Svara
+1
Svara