Fibonacci Time-Price Zones from Two User-Selected Pivot Points
Summary
This indicator projects Fibonacci levels in both price and time from two user-selected chart points. It calculates a trend extension and retracement by carrying the interval and price change between points A and B forward from point B. Users can display standard Fibonacci ratios, choose extension, retracement, or both, and select circular, orthogonal, slope-aligned, or horizontal representations. Display controls adjust labels, line styles, colors, fills, and trend lines. The result is a configurable charting aid for examining where time-price projections overlap with subsequent market action.
The document provides no trading rules, empirical results, or evidence that projected zones predict price behavior. Its usefulness depends on how the user selects the anchor points and interprets the resulting levels; different choices can produce different projections. The indicator should therefore be understood as a visualization and analysis tool, not a tested standalone strategy. It also requires the selected timestamps to correspond to chart bars for the points and projected endpoints to be located as intended.
Key ideas
- The indicator projects Fibonacci levels in time and price from two user-selected chart points.
- It derives extension and retracement endpoints by repeating the A-to-B time and price differences.
- Users can choose among four visual structures and show extensions, retracements, or both.
- Anchor-point selection determines the resulting zones and can change the interpretation.
- The document provides no performance evidence or rules for trading from the projected levels.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.