Parabolic-Fibonacci MA Forecast

This indicator displays a series of projected price levels based on Fibonacci moving averages. For each selected Fibonacci period, it calculates a simple moving average (SMA) and mirrors the distance from the current price to that SMA in the opposite direction, creating a vertical forecast distance. These forecast distances are drawn forward into the future using geometric spacing (squared increments: 1², 2², 3², etc.), creating a fan-like or polyline visual structure.

Users can choose between three display modes:

Fan: Lines drawn from the current price to projected values at increasing intervals

Polyline: Forecast points connected to form a jagged projection path

Both: Displays both fan and polyline structures simultaneously

Options are provided to adjust the number of Fibonacci lines (up to 12), line width, and colors for lines above/below price or up/down slope.

This tool can help visualize directional price tendencies using multiple SMA-based forecasts in a spatially meaningful layout.