"Fibonacci Time Zones are vertical lines based on the Fibonacci Sequence. These lines extend along the X axis (date axis) as a mechanism to forecast reversals based on elapsed time. A major low or high is often chosen as the starting point. Distances start relatively small and grow as the Fibonacci Sequence extends. Chartists can extend the Fibonacci Time Zones into the future to anticipate potential reversal points."
The red line is the cumulative Elastic (eVWMA). Which is "a statistical measure using the to define the period of the moving average. The eVWMA can be looked at as an approximation to the average price paid per . It can be approximated using cumulative sum of (...)"