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Diupdate RAVP+Fib[Trendoscope®+ChartPrime][Surge.Guru]
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
🎯 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
Catatan Rilis
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.
Catatan Rilis
minor fixesSkrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, anda dapat menggunakannya secara bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip terproteksi
Skrip ini diterbitkan sebagai sumber tertutup. Namun, anda dapat menggunakannya secara bebas dan tanpa batasan apa pun – pelajari lebih lanjut di sini.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.