Custom Fibo Line v.jd

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🧭 Custom Fibo Line v.jd – Dual Anchor Hi/Lo & Reverse

Custom Fibo Line v.jd is a custom Fibonacci indicator designed to display two symmetrical Fibonacci sets (upward and downward) based on a single anchor candle chosen by the user.
The indicator keeps all Fibonacci levels fixed and consistent even when you switch chart timeframes.

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⚙️ Core Concept
• The user selects an anchor candle (based on date & time) from a specific timeframe, e.g., M30.
• The indicator automatically takes the high and low of that anchor candle as the base points (0 and 100).
• From these base points, the indicator draws two Fibonacci structures:
• Upward: low → high
• Downward: high → low

Fibonacci Levels Used:
0%, 23.6%, 100%, 161.8%, 261.8%, 423.6%

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🟪 Main Features

✅ Dual Fibo Line
Displays two mirrored Fibonacci sets — upward and downward — derived from the same anchor candle.

✅ Custom Candle Anchor
You can freely choose:
• The anchor timeframe (e.g., M30)
• The specific date & time as the anchor reference
The anchor candle remains fixed even if you switch chart timeframes (e.g., M5, M1, H1, etc.).

✅ Automatic Right Extension
Lines and areas can automatically extend to the right based on the number of bars and the target timeframe (e.g., 50 bars on M5).

✅ Extension Areas (Fibo 161.8 / 261.8 / 423.6)
Each extension level can be displayed as a shaded area (band) with fully customizable color and width.

✅ WZ Zone (Between 23.6 Up & Down)
Creates a single highlighted area (default purple) between the upward and downward 23.6 levels.
This zone is often used as a re-entry or re-test area.
You can freely adjust the label text and colors.

✅ Right-Side Labels (Level & Price)
Displays Fibonacci levels and their corresponding live prices on the right side of the chart.
You can turn this feature on or off in the settings.

✅ Optional 0% Level Display
If you don’t need the base level, you can hide the 0% line and label without affecting other levels.

✅ Top-Right Info Panel
Shows a quick summary of your active configuration:
• Anchor timeframe
• Anchor range (High–Low)
• Area width mode
• Number of extension bars
• Target timeframe for extension

✅ Stable Across Timeframes
All Fibonacci levels remain fixed relative to the selected anchor — they do not shift or recalculate when you change chart timeframes.

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🎯 Use Cases
• Identify potential reversal or re-entry zones using key Fibonacci symmetry.
• Project expansion targets in line with market structure (161.8 / 261.8 / 423.6).
• Visualize mirror price movements from a key candle (e.g., news candle, session open, breakout bar).
• Maintain consistent analysis even when changing timeframe views.

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🕹️ Quick Tips
1. Select your Anchor Candle Timeframe and the exact date & time of the bar you want to use.
2. Adjust the extension range and target timeframe as needed.
3. Use the WZ zone (23.6–23.6) as a key range for re-entry or reaction levels.
4. Watch the extension bands (161.8 / 261.8 / 423.6) for potential continuation targets.

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Developer’s Note:
This indicator is built for flexibility and precision.
Once an anchor is defined, all Fibonacci levels remain static and consistent, giving you a stable multi-timeframe reference for technical analysis.

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Short version (for TradingView Description box):

Displays dual, mirrored Fibonacci levels from a single anchor candle. Includes customizable WZ zone (23.6–23.6) and extension areas (161.8 / 261.8 / 423.6). Levels remain fixed across timeframes for consistent analysis.

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