This indicator displays a fan using a linear regression fit to the price as a base. All lines are equidistant and are drawn from the first point of the linear regression to the most recent point of the linear regression plus the root-mean-square deviation (RMSD) multiplied by a certain factor. Settings Length: Lookback period for the linear regression. ...
Introduction This is a combination of Fibonacci and Gann fan/retracements. The script can automatically draw as many: Fibonacci Retracements Fibonacci Fan Gann Retracements Gann Fan as the user requires on the chart. Each level set or fan consists of 7 lines based on the most important ratios of Fibonacci/Gann. Basics What are Fibonacci...
----EXPERIMENTAL---- Takes an alternative timeframe, fairly rough trend line detector and extends... Can show direction, or something, like really terrible fans Try it with higher / lower timeframes than your current I wouldn't leave it on, but it shows something !
Dynamic grid system based on supertrend. note: the input nlines/nfractions are not locked so if values too high might start overlapping line objects.
Fans and price levels projected from donchian channels.
This indicator is able draw the Fibonacci Fan automatically on chart based on the input range of bars. The lines of a Fibonacci fan used Fibonacci ratios determined by the Fibonacci series, typically 23.6 percent, 38.2 percent, 50 percent, 61.8 percent and 80.9 percent. They can be used to estimate support and resistance levels. Fibonacci fan is a practical...
Just a very simple EMA fan using Highs and Lows instead of closes. This results in these "EMA noodles". Price very rarely reacts rigidly to a close price of an EMA, sometimes it comes short, other times it overshoots it. Hence the idea behind the noodles. You can obviously change the lengths of each of the noodle, I chose these lengths for a M5 timeframe and these...
With these fans you can determine market sentiment. Key assumption behind this is that traders are momentum focused so that majority of trades are in confluence with MA crosses. Orange == Current trend is in bad condition and retail most likely in dire drawdown, capitulation Red == Current trend is either flip floppy (chop) or approaching to go towards drawdown...
Gaussian Smoothed Moving Average Fan using Fibonacci numbers
McGinley Dynamic Fan (10+20+30+40+50+60+100+200)
EXPERIMENTAL: fan projection from zigzag.