Fibonacci Prediction Channel
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01/09/2025
102
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Desde 03/10/2024
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This algorithm is designed to plot a future prediction channel based on Fibonacci retracement levels 📊✨. The Fibonacci lines create a series of parallel channels between each pair of consecutive levels. These channels can be interpreted as ranges within which the price is expected to fluctuate 📈📉, generating a visual cone where the price will interact 🎯. If a level is broken ⚡, we will move to the next one.

These levels, which we project into the future, also act as support and resistance 🛡️⚔️, creating visual channels on the chart that can help us anticipate and plan actions 🧠✅ based on how the price has reacted to these levels in the past.


We can expect the price to react as it approaches these lines 🔍, potentially bouncing back within the channel 🔄 or, if there is enough momentum 🚀, breaking through the lines to move to the next channel.

The levels projected to the right ➡️🗓️ are not based on new price data but on past price action ⏳. They extend into the future as a kind of "map" 🗺️ for potential future price reactions.

Historical Bars ⏰: Determines how many past price periods will be considered when calculating the Fibonacci retracement levels.

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