SAYO BASE

📌 Overview
SAYO BASE is a price structure and momentum filtering overlay designed to help traders visualize key market zones using automatic Fibonacci levels combined with WaveTrend and Stochastic RSI confirmation.

This indicator generates dynamic support and resistance regions based on recent swing extremes and highlights momentum-based trigger areas to help confirm trade signals.

📈 Key Features

🔹 Dynamic Auto Fibonacci Zones
• Automatically draws multi-level Fibonacci structure based on the highest high and lowest low over a defined lookback period.
• Colored filled bands between levels create a visual map of key areas of resistance, retracement, and support.

🔹 Momentum Filters
• Uses a hybrid WaveTrend oscillator (wt1, wt2) to identify local momentum direction and extreme conditions.
• Stochastic RSI filter ensures signals are only shown when momentum supports the potential move.

🔹 Blue Zone Identification
• Blue zones mark high-probability retracement bands where price is potentially consolidating between key fib levels.
• These zones are excluded from local signal generation to reduce noise.

📊 How Signals Work

✨ Buy Signals
Triggered when momentum crosses upward:
• WaveTrend crossover (wt1 crossing above wt2) below the oversold threshold
• Price is outside blue retracement zones
• Stochastic RSI indicates oversold conditions

📉 Sell Signals
Triggered when momentum crosses downward:
• WaveTrend crossunder (wt1 crossing below wt2) above the overbought threshold
• Price is outside blue retracement zones
• Stochastic RSI indicates overbought conditions

(Visual shapes are currently commented out but can be enabled in code for chart markers.)

🧠 What You See on Chart

📍 Automatic Fib bands connecting recent structure extremes
📍 Highlighted colors showing relative strength / retracement areas
📍 Momentum filters help avoid false moves inside consolidation pockets
📍 Optional momentum timing signals (can be toggled or added)

⚙️ Custom Inputs Include

• Fib length (lookback for high/low range)
• Stochastic RSI sensitivity
• WaveTrend channel and smoothing parameters
• Overbought / oversold thresholds

(See the indicator settings pane after adding to chart.)

📌 Why Traders Like It

• Clear visual structure without manual drawing
• Combines trend structure with momentum confirmation
• Helps filter signals inside noise and ranging price action
• Works well for swing and intraday analysis