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RAVP+Fib[Trendoscope®+ChartPrime][Surge.Guru]

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This is a sophisticated multi-dimensional technical analysis indicator that combines two powerful analytical tools: Rolling Angled Volume Profile and Fibonacci Trend Analysis. Here's a comprehensive breakdown of its functionality:

🎯 Core Purpose
The indicator provides a comprehensive market structure analysis by combining volume-based support/resistance levels with Fibonacci-based trend and retracement levels.

📊 Component 1: Rolling Angled Volume Profile (Trendoscope®)
What It Does:
Creates a dynamic, angled volume profile that shows where trading volume has occurred over a specified period

Unlike traditional horizontal volume profiles, this one angles with price movement, making it more relevant for trending markets

Key Features:
Loopback Period (50 bars default): Determines how many bars to analyze for volume distribution

Angled Calculation: The profile lines follow the price trend angle between start and end points

Volume-Based Width: Profile lines are thicker/wider where more volume was traded

Dynamic Box: Creates a bounding box around the active volume area

Visual Output:
Dotted lines (customizable) showing volume concentration

Yellow-colored profile lines with high transparency (98% by default)

Volume hotspots appear as denser line clusters

📈 Component 2: Fibonacci Trend (ChartPrime)
What It Does:
Uses a Supertrend indicator to determine market direction

Draws Fibonacci retracement levels based on the detected trend extremes

Provides dynamic support/resistance levels that extend into the future

Key Features:
Trend Detection: Uses Supertrend with customizable factor (2.0 default)

Auto-Extending Levels: Fibonacci lines automatically extend as new highs/lows are made

Multiple Fibonacci Levels: 0.236, 0.382, 0.5, 0.618, 0.786

Visual Fill: Colored areas between key Fibonacci levels (0.618-0.786 and 0.5-0.786)

Visual Output:
Uptrend: Green coloring (#26905d)

Downtrend: Purple coloring (#74286d)

Fibonacci Lines: Horizontal levels with price labels

Extension: Projects 15 bars into the future

🔄 Synergistic Benefits
1. Multi-Timeframe Analysis
Volume Profile shows historical volume distribution

Fibonacci shows current trend structure and potential reversal zones

2. Confirmation System
When Fibonacci levels align with volume profile dense areas → stronger support/resistance

Volume validates Fibonacci levels with actual trading activity

3. Dynamic Adaptation
Both components update in real-time as market structure evolves

Volume profile "rolls" with price action

Fibonacci levels extend with trend continuation

⚙️ Key Input Parameters
Volume Profile Settings:
Loopback: Analysis period (50 bars)

Number of Profile Lines: Density of volume display (2000 lines)

Use Confirmed Bars: Wait for bar completion

Fibonacci Settings:
Trend Factor: Supertrend sensitivity (2.0)

Extend: Future projection bars (15)

Fibonacci Levels: Customizable retracement ratios

🎨 Visual Design
Subtle Volume Profile: High transparency (98%) prevents chart clutter

Clear Fibonacci Levels: Bold colors for easy trend identification

Professional Layout: Clean, organized display without overwhelming the price chart

💡 Trading Applications
For Trend Following:
Use Fibonacci levels for entry points in direction of trend

Volume profile shows optimal accumulation zones

For Reversal Trading:
Watch for price reactions at Fibonacci levels that align with volume clusters

Volume profile indicates potential reversal zones

For Risk Management:
Fibonacci levels provide natural stop-loss and take-profit targets

Volume areas show high-liquidity zones for optimal positioning

🚀 Unique Value Proposition
This indicator stands out because it:

Combines volume and price analysis in one tool

Adapts to market angles rather than using static horizontal levels

Provides forward-looking projections through Fibonacci extensions

Offers customizable visibility for each component

Maintains chart clarity despite displaying complex information
ملاحظات الأخبار
trend default setting changed from 2->4.
You can always change it from the settings, theres more probability nailing the fibonacci engagement. if 4 works good, try 3,2,1 to get better initial trend point.
ملاحظات الأخبار
minor fixes

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