Power Fractal DC Projection

Projection Support for 4 Power Fractal DC (Donchian Channels) Bands, based on the golden proportion (Phi, 1.618).

Gives a perspective on future price trend and structure.

Structure can be changed by price movement and passing of time. In fact, both interact with each other. Projected future line crosses, and positive / negative orientations (eg. small 1 above or bellow small 2) provide relevant insights.

Important 1: given technical limitations beyond current viability, it is necessary to add a separate instance of the indicator for each intended fractal (8 if all).

Important 2: no explicit buy or sell signals are intended by the use of this reading. It is still necessary to consider other aspects, including risk managament, before entering or exiting a trade. Still, the reading facilitates picking a side with better odds of success.

Important 3: This version is intended for testing and feedback from within coder's network of contacts.

If you are interested in learning more about the theories behind this indicator, please DM .