TrendZone

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TrendZone - Fibonacci Trendline Indicator

TrendZone is a custom Pine Script indicator that automatically draws fibonacci-based trendlines between key pivot points on your chart.

Key Features:

3 Pivot Points: Set start point, major pivot (reversal), and end point
Dual Trendlines: First trendline (Point 1 → 2) and second trendline (Point 2 → 3)
Fibonacci Levels: Automatically draws 25%, 50%, and 100% fibonacci levels for each trendline
Auto Trend Detection: Automatically identifies bullish/bearish trends and adjusts colors accordingly
Customizable: Full control over colors, line styles, and widths for each fibonacci level

How it Works:
The indicator uses your selected pivot points to create two connected trendline systems. Point 2 serves as the major pivot where the first trend ends and the reversal begins. Each trendline system includes fibonacci retracement levels that extend to the right, helping identify potential support/resistance zones.
Use Cases:

Identifying trend reversals at key pivot points
Finding potential support/resistance levels using fibonacci projections
Visualizing market structure changes between different time periods
Planning entries/exits based on fibonacci trendline interactions

Perfect for traders who use fibonacci analysis combined with trend structure to identify high-probability trading zones.

1 jam lalu

Nota Keluaran

** Table Info added **

What the Table Calculates:
The table tracks time and price numerology across three trend segments defined by your pivot points:

Trend 1: From Pivot Point 1 to Pivot Point 2
Trend 2: From Pivot Point 2 to Pivot Point 3
Fib Snake: From Pivot Point 2 to current bar (live updating)

Two Key Measurements:

Bar Count: Number of bars (time periods) in each trend segment
Sum: Numerology reduction of price ranges - converts price movements to single digits (1-9) by adding all digits together until reaching a single digit

Gann Theory Application:
This table is specifically designed for Gann analysis, which heavily emphasized:

Time/Price Relationships: Gann believed certain time periods and price movements had mystical significance
Numerology: He used digit reduction (what this "Sum" row does) to find hidden patterns in price movements
Fibonacci Sequences: Sacred numbers that appear throughout nature and markets

Visual Significance:

Black text = Fibonacci number detected (1,2,3,5,8,13,21,34,55,89,144,233,377,610,987,1597,2584,4181,6765)
White text = Non-Fibonacci number

Trading Utility:
When bar counts or numerology sums hit Fibonacci numbers (showing in black), Gann theory suggests these are significant turning points or continuation signals. The "Fib Snake" column updates live, so you can watch for when current market action reaches these mathematically significant levels.
This combines Gann's time-price numerology with modern Fibonacci analysis for confluence trading signals.