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👉 Get all our TOP systems here:

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📌 Market Structure Indicators

·     ✅ AdvancedMarket Structure: Bos, Choch, SwinLevels, Order Blocks,  Market Structure& Liquidity Finder

·     🔄 Dynamic Market StructureAnalysis of Turning Points

·     🧱 Order Block

·     ⚖️ Market Imbalance

·     ⛓️ BOS & CHOCH

·     🧠 ICT Power of 3

·     🌀 Market Polarity Zones

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🔚 Smart Exit Systems

·     📍 Trailing Smart Algorithm

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📐 ZigZag Indicators

·     🔍 ZigZag Price LiquidityProjection

·     🧭 S&R Structural ZigZag

·     ➖ ZigZag

·     🎯 Zig-Zag Extremity Tracker

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🧱 Support & Resistance Indicators

·     🟩 SmartTrend Support &Resistance Lines

·     🧱 All Support and ResistanceLevels

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📊 Trend & Channel Indicators

·     🔄 Auto-Trend Channel

·     📊 Supertrend

·     ⚡Momentum Trend Analyzer

·     🧠 Adaptive Trend Channel

·     💥 Channel Breakout System

·     🌈 Dynamic Trend Gradient

·     ⭐ PREMIUM SSL CHANNEL

·     🔁 Reactive Moving Average

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💧 Volume & Liquidity Tools

·     🔥 Volume POC Heatmap

·     📉 Leverage Liquidation Map

·     🔍 Momentum Fair Value Gap

·     🕒 Fair Value Gap Sessions

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⚡ Momentum & RSI Indicators

·     📈 RSI Trend Trigger

·     🚀 Dynamic Range Momentum

·     🔎 Multi-Level Candle Bias
Tracker

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🔮 Prediction & Projection Tools

·     📐 Prediction Based on Linreg& ATR

·     📏 Fibonacci Linear RegressionMulti-timeframe

·     📈 Volume-Powered Market Flow Projector

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Fibonacci Pitchfan 📊✨

An advanced technical indicator that combines pivot detection, dynamic trendlines, and Fibonacci levels to create a visual tool helping traders identify trends, support/resistance zones, and potential reversal points. 🎯 Highly customizable, it adapts to different trading styles via configurable parameters. Below is a breakdown of its logic and calculations.

Core Components 🔧

The indicator relies on three key elements working together:

1. Pivot Detection 🔄

• Identifies key price reversal points (high/low pivots).
• Uses a user-defined bar range (pivot depth) to determine if a bar is a significant high/low vs. surrounding bars.
• Filters noise by requiring pivots to exceed an ATR-based deviation threshold, ensuring only relevant price swings are considered.

2. TrendFan & Fibonacci Levels 📐

• Projects a fan of dynamic trendlines from a historical pivot into the future, using predefined levels (e.g., 0.25, 0.5, 1.0) to mark potential support/resistance.
• Optional Fibonacci levels (horizontal lines) highlight retracement/extensions between key pivots.

Calculation Logic 🧮

1. Pivot Identification

• For each bar, the algorithm scans a symmetrical range of prior/following bars (based on pivot depth).
• A high pivot is confirmed if the bar’s high is the highest in the range; a low pivot if its low is the lowest.
• The deviation threshold (a % of ATR relative to price) filters out minor fluctuations, focusing on meaningful market moves.

2. TrendFan Generation 🌪️

• A reference historical pivot (configurable) is paired with the latest pivot to form a baseline.
• A median line is drawn between them, and projected trendlines (at predefined levels) extend into the future, creating a "fan" of key price zones.

3. Fibonacci Projections 🔢

• Retracement levels (e.g., 0.236, 0.5, 0.618) mark potential pullback areas within the prior price move.
• Extension levels project price targets beyond the initial range, adjusted for trend direction.
• Levels can be inverted or extended based on user settings.

Customizable Settings ⚙️

• Deviation Threshold: Adjusts sensitivity to price moves (ATR-based).
• Pivot Depth: Defines the bar range for pivot detection (affects signal frequency).
• Historical Reference: Sets how far back the initial pivot is selected for the TrendFan.
• Visibility: Toggles TrendFan/Fibonacci display and selects specific levels to show.

Conclusion 🏆

The Fibonacci Pitchfan is a powerful all-in-one tool for traders seeking a clear, dynamic view of market structure. By merging pivots, trendlines, and Fibonacci levels, it provides actionable insights to anticipate price movements and make informed decisions. 🚀