Regression Analysis Fibonacci Color

This indicator brings together visual appeal, flexibility, and the power of technical analysis through a comprehensive approach, offering users a robust analytical tool. By utilizing linear regression and slope analysis to evaluate price movements, it provides insight not only into the current trend direction but also into the strength and momentum of the trend. This enables users to make more accurate predictions about trend continuation.

The indicator includes price-based dynamic Fibonacci levels, which are calculated using historical price action. As a result, they generate more precise support and resistance zones compared to traditional fixed levels. The visual transitions between these levels are enhanced with varying color tones, presenting complex data on the chart in a clear and streamlined manner.

In addition, the chart displays clearly marked buy and sell signals, reflecting different conditions through intuitive markers. This significantly accelerates the decision-making process for traders. With multiple types of signals defined for various strategic approaches, users can filter and adapt the indicator to suit different market environments.

The indicator also supports multi-timeframe analysis, incorporating EMA data from various periods to enhance the strength of its signals. This is especially useful in short-term trading strategies where confirmation from higher timeframes is essential.

In conclusion, this indicator serves as a comprehensive, customizable, and professional-grade analytical solution for both beginners and advanced technical analysts. Thanks to its user-friendly interface and solid mathematical foundation, it delivers a charting experience that is not only visually appealing but also highly functional.