Fibonacci Pre-Market Elite

This script automates the plotting of Fibonacci retracement and extension levels based exclusively on the Pre-Market range (NY Session). Unlike standard static Fibonacci tools, this indicator Logic to determine market bias. It automatically inverts the levels based on the chronological order of the High and Low established during the overnight session.

How the Logic Works
The script doesn't just look at prices; it looks at time.

Bullish Bias: If the Low occurs first and the High occurs later in the Pre-Market, the script anchors the 0% at the Low and the 100% at the High. Extension targets (1.618, 2.618, etc.) are projected upward.

Bearish Bias: If the High occurs first and the Low occurs later, the script anchors the 0% at the High and the 100% at the Low. Extension targets are projected downward.

Key Features
Dynamic Timezone Sync: Specifically hardcoded for America/New_York, ensuring accurate range capture regardless of your local computer time.

Full Institutional Levels: Includes all critical internal retracements (23.6%, 38.2%, 50%, 61.8%, 78.6%, 88.2%) and expansion targets (161.8%, 261.8%, 423.6%).

Ultra-Clean Visualization: Uses style=plot.style_linebr to prevent diagonal "connecting" lines between days.

Smart Floating Labels: Labels are anchored to the right edge of the chart, identifying every level without cluttering the price action or overlapping candles.

Integrated Alerts: Ready-to-use alerts for Pre-Market Range Breakouts and reaching the 161.8% Profit Target.

How to Trade It
The 50% Pivot: Acts as the "fair value" of the overnight session. Trading above it suggests a bullish premium; below it suggests a bearish discount.

Expansion Targets: Use the 161.8% (Target), 261.8% (Exit), and 423.6% (Moon) levels as high-probability take-profit zones following a breakout of the Pre-Market High or Low.

Internal Retracements: Look for entries at the 61.8% or 78.6% levels if the price retraces into the range after the open before continuing the trend.