MavilimW (Fibonacci WMA Cascade)

Fibonacci WMA Cascade indicator

Inspired by the original MavilimW concept by @mavilim0732 & @KivancOzbilgic

MavilimW (Fibonacci WMA Cascade) is a multi-layered trend indicator built on a cascading combination of Weighted Moving Averages (WMA) aligned with the Fibonacci number sequence.

What It Does

MavilimW applies a chain of WMAs where each smoothing length follows Fibonacci progression derived from the first two user-defined parameters.

The result is a deeply smoothed trend line that:

• Filters short-term market noise
• Highlights dominant trend direction
• Acts as dynamic support and resistance
• Confirms long-term market structure

The indicator automatically recalculates the Fibonacci cascade when parameters are adjusted.

How It Works

Starting from two base inputs:

• First Moving Average Length
• Second Moving Average Length

The script generates a Fibonacci-like expansion and builds a six-layer WMA cascade.

Example (default 3,5):

3 → 5 → 8 → 13 → 21 → 34

Each layer smooths the previous one, producing a structurally consistent long-term trend filter.

Trading Logic

• Blue line → Uptrend (current value above previous value)
• Red line → Downtrend (current value below previous value)

Basic interpretation:

• Upward cross / slope shift → potential buy confirmation
• Downward cross / slope shift → potential sell confirmation

Increasing parameters:

• Reduces sensitivity
• Strengthens support/resistance behavior
• Improves long-term trend stability

Decreasing parameters:

• Increases responsiveness
• Generates earlier color changes
• Suitable for faster markets

Key Features

• Fibonacci-based WMA cascade
• Dynamic trend coloring
• Adjustable sensitivity
• Optional previous version (classic Fibonacci 3-5-8-13-21-34 stack)
• Clean overlay on main chart
• Optimized for large datasets in TakeProfit

Why Traders Search for MavilimW

MavilimW is widely known among TradingView users as:

• A Fibonacci Moving Average strategy
• A smoothed WMA trend filter
• A dynamic support/resistance line
• A long-term confirmation indicator

This version preserves that core behavior while ensuring algorithmic stability and compatibility with the Indie engine.

Parameter Guidance

For structural consistency:

• The first parameter should be equal to or smaller than the second.
• Higher values = smoother, slower signals.
• Lower values = faster, more reactive signals.

Use Cases

• Trend confirmation in swing trading
• Filtering signals from oscillators (MACD, RSI, etc.)
• Identifying dynamic support and resistance zones
• Building systematic rule-based strategies

MavilimW (Fibonacci WMA Cascade) is designed for traders who want a mathematically structured smoothing model based on Fibonacci progression rather than traditional fixed-period moving averages.