PROTECTED SOURCE SCRIPT
Triple Mode Intersection & Parallel Fibo Analysis
**Title:** Triple Mode Intersection & Parallel Fibo Analysis
**Summary:**
This indicator offers a unique approach to trend analysis by identifying the intersection points of statistical data (Mode, Highest, Lowest) calculated over two different periods. It projects dynamic trend lines based on these intersections and wraps them with Parallel Fibonacci Channels to identify market structure.
**Key Features:**
* **Triple Source Tracking:** Monitors three separate data sources (SRC1, SRC2, SRC3) simultaneously with customizable calculation methods (Mode, Highest, Lowest).
* **Dynamic Projection:** Draws trend lines extending from the intersection points of short and long-term periods.
* **Parallel Fibonacci Channels:** Automatically creates support/resistance channels parallel to the main trend trendline.
* **Smart Analysis Dashboard:** A built-in table evaluates the current price relative to the channel width and classifies the market status as **"Very Cheap", "Cheap", "Normal", "Expensive", or "Very Expensive"**.
* **Customizable Limits:** Users can define their own Fibonacci thresholds for the analysis zones.
**How to Use:**
Use the colored channels to identify the trend direction. The Dashboard provides a quick "Valuation" of the asset; "Cheap" zones may suggest buying opportunities, while "Expensive" zones may indicate profit-taking levels.
**Summary:**
This indicator offers a unique approach to trend analysis by identifying the intersection points of statistical data (Mode, Highest, Lowest) calculated over two different periods. It projects dynamic trend lines based on these intersections and wraps them with Parallel Fibonacci Channels to identify market structure.
**Key Features:**
* **Triple Source Tracking:** Monitors three separate data sources (SRC1, SRC2, SRC3) simultaneously with customizable calculation methods (Mode, Highest, Lowest).
* **Dynamic Projection:** Draws trend lines extending from the intersection points of short and long-term periods.
* **Parallel Fibonacci Channels:** Automatically creates support/resistance channels parallel to the main trend trendline.
* **Smart Analysis Dashboard:** A built-in table evaluates the current price relative to the channel width and classifies the market status as **"Very Cheap", "Cheap", "Normal", "Expensive", or "Very Expensive"**.
* **Customizable Limits:** Users can define their own Fibonacci thresholds for the analysis zones.
**How to Use:**
Use the colored channels to identify the trend direction. The Dashboard provides a quick "Valuation" of the asset; "Cheap" zones may suggest buying opportunities, while "Expensive" zones may indicate profit-taking levels.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.