Price Projection Swing Volume is an advanced indicator designed for swing and trend traders to forecast potential future price movements. It analyzes recent price swings within a user-defined lookback period (default 50 bars) to identify extreme swing points—the highest highs and lowest lows—and calculates key Fibonacci retracement levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) within the current market range. Using a harmonic projection ratio (default 0.618), it generates a three-segment zigzag projection path that maps likely price targets.
The indicator visually displays horizontal swing boundary lines (red for highs, green for lows), dotted diagonal projection lines with percentage gain or loss labels, and target price boxes indicating exact projected price levels. These features help traders set take profit targets, anticipate retracements or reversals, and identify measured moves consistent with harmonic patterns.
Key customizable settings include the lookback period for swing scale, projection ratio for target aggressiveness, and visual color options for bullish/bearish projections and Fibonacci levels. The indicator updates dynamically as new highs or lows form within the lookback window and requires sufficient historical data to initialize.
Price Projection Swing Volume supports multiple markets including BTCUSD, EURUSD, GBPUSD, NZDUSD, XAUUSD, NAS100, and USDJPY, making it suitable for traders using Fibonacci-based harmonic strategies and swing trading approaches.