Float Fibonacci Indicator

Wave Fibonacci is a visual tool that pairs "float volume" with swing structure, so you can see how far the current move has run and how much momentum it has left.

The idea comes from classic Float volume analysis: it finds the highest and lowest points within a recent stretch of price action, treats that as one complete swing, then accumulates the volume inside that range. The blue histogram in the sub-window shows how much volume has been traded so far, while the red line marks the total float volume for the swing. The closer the bars get to the red line, the more that move's momentum has been spent. On the main chart it also draws the swing's high and low boundaries, Fibonacci retracement lines, Dinapoli mid-levels, and a few projection lines spaced out by the swing's own duration.

What it shows you

• The current swing's high and low boundaries, plus where price sits across the Fibonacci and Dinapoli levels
• A signal that the move may be running out of steam as the volume bars approach the red line
• Projection lines based on past swing timing, marking time windows for a possible next turn

How to use it

• Read momentum in the sub-window and price levels on the main chart, then judge entries and exits with both
• Use the boundary lines and Fibonacci/Dinapoli levels as support and resistance references
• Fibonacci and Dinapoli levels can each be turned off on their own, so you keep only the set you actually watch