This indicator will draw Fibonacci Time Zones from highest point from last given period. This indicator will show Fibonacci Time Zones 1 day in Advance. Please change the input period as per your analysis the default is 365 days.
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.