Future Candle Reversal Projection (Mastersinnifty)

Overview

This tool identifies potential future market reversal zones by dynamically projecting pivot-based swing patterns forward in time. Unlike traditional ZigZag indicators that only reflect past movements, this indicator anticipates probable future turning points based on historical swing periodicity.

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Key Features

- Forward Projections: Calculates and projects future swing zones based on detected pivot distances.
- Customizable Detection: Adjust the ZigZag depth for different trading styles (scalping, swing, position).
- Dynamic Updates: Real-time recalibration as new pivots form.
- Clean Visual Markers: Projects reversal estimates as intuitive labels and dotted lines.

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How it Works

The indicator identifies significant swing highs and lows using a user-defined ZigZag depth setting. It measures the time (bars) and price characteristics of the latest swing movement. Using this pattern, it projects forward estimated reversal points at consistent intervals. Midpoint price levels between the last high and low are used for each future projection.

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Who Can Benefit

- Intraday and swing traders seeking advanced planning zones.
- Technical analysts relying on pattern periodicity.
- Traders who wish to combine projected reversal markers with their own risk management strategies.

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Disclaimer

This tool is an analytical and educational utility. It does not predict markets with certainty. Always combine it with your own analysis and risk management. Past behavior does not guarantee future results.