INVITE-ONLY SCRIPT
Opit78 Auto Overbalance & Fibo
This is a comprehensive automated tool for Market Geometry and Fibonacci Analysis. It combines the classic Overbalance (1:1) methodology with a fully automated, dynamic Fibonacci Grid to help traders identify high-probability reversal zones, trend continuations, and price targets.
The indicator automatically detects the main market structure using a ZigZag algorithm and then projects key levels based on the most recent active swing.
核心 Features (Key Features):
1. Auto Overbalance (1:1 Geometry)
The indicator scans the current trend to find the largest correction that has occurred within the active impulse.
It projects a Gray Box (Pattern) representing this largest historical correction.
It projects a Colored Box (Support/Resistance) at the current price action.
Green Box: Support Zone in an Uptrend.
Red Box: Resistance Zone in a Downtrend.
Trading Logic: As long as the price respects this box, the trend is considered valid. A breakout suggests a potential trend reversal (Overbalance condition).
2. Dynamic Fibonacci Grid
Automatically draws Fibonacci levels from the start (Point A) to the end (Point B) of the current ZigZag leg.
Retracements: Includes standard levels like 38.2%, 50.0%, and the "Golden Pocket" 61.8% to catch pullbacks.
Extensions & Targets: Includes negative levels -27.2% and -61.8% to help identify Take Profit zones after a breakout.
Deep Levels: Includes 127.2% and 161.8% to identify potential "Stop Hunts" or exhaustion points (False Breakouts).
3. Smart Visualization & Customization
Clean Charts: Optimized rendering ensures crisp lines and boxes on live candles without visual clutter or stacking artifacts.
Full Control: You can toggle every Fibonacci level individually.
Style Options: Customize line styles (Solid, Dotted, Dashed), colors, and line thickness.
Color Modes: Choose between independent colors or "Match Trend" mode, where Fibonacci lines automatically adapt to the bullish (Green) or bearish (Red) market structure.
How to Use:
Trend Continuation: Look for confluence. If the price pulls back into the Colored Overbalance Box and aligns with a key Fibonacci level (e.g., 50% or 61.8%), this is a strong zone to look for trend-following entries.
Targeting: If the trend resumes and breaks the recent high/low, use the -27.2% and -61.8% extension lines as potential profit-taking levels.
Trend Reversal: If the price closes firmly beyond the Overbalance Box (breaking the 1:1 geometry), the current trend may be over.
Settings:
ZigZag Sensitivity: Adjust Depth, Deviation, and Backstep to fit your timeframe.
Visuals: Toggle Backgrounds, Borders, and Labels on/off to keep your chart clean.
Fibo Levels: Enable or disable specific levels (e.g., turn off 23.6% if you only trade deep pullbacks).
The indicator automatically detects the main market structure using a ZigZag algorithm and then projects key levels based on the most recent active swing.
核心 Features (Key Features):
1. Auto Overbalance (1:1 Geometry)
The indicator scans the current trend to find the largest correction that has occurred within the active impulse.
It projects a Gray Box (Pattern) representing this largest historical correction.
It projects a Colored Box (Support/Resistance) at the current price action.
Green Box: Support Zone in an Uptrend.
Red Box: Resistance Zone in a Downtrend.
Trading Logic: As long as the price respects this box, the trend is considered valid. A breakout suggests a potential trend reversal (Overbalance condition).
2. Dynamic Fibonacci Grid
Automatically draws Fibonacci levels from the start (Point A) to the end (Point B) of the current ZigZag leg.
Retracements: Includes standard levels like 38.2%, 50.0%, and the "Golden Pocket" 61.8% to catch pullbacks.
Extensions & Targets: Includes negative levels -27.2% and -61.8% to help identify Take Profit zones after a breakout.
Deep Levels: Includes 127.2% and 161.8% to identify potential "Stop Hunts" or exhaustion points (False Breakouts).
3. Smart Visualization & Customization
Clean Charts: Optimized rendering ensures crisp lines and boxes on live candles without visual clutter or stacking artifacts.
Full Control: You can toggle every Fibonacci level individually.
Style Options: Customize line styles (Solid, Dotted, Dashed), colors, and line thickness.
Color Modes: Choose between independent colors or "Match Trend" mode, where Fibonacci lines automatically adapt to the bullish (Green) or bearish (Red) market structure.
How to Use:
Trend Continuation: Look for confluence. If the price pulls back into the Colored Overbalance Box and aligns with a key Fibonacci level (e.g., 50% or 61.8%), this is a strong zone to look for trend-following entries.
Targeting: If the trend resumes and breaks the recent high/low, use the -27.2% and -61.8% extension lines as potential profit-taking levels.
Trend Reversal: If the price closes firmly beyond the Overbalance Box (breaking the 1:1 geometry), the current trend may be over.
Settings:
ZigZag Sensitivity: Adjust Depth, Deviation, and Backstep to fit your timeframe.
Visuals: Toggle Backgrounds, Borders, and Labels on/off to keep your chart clean.
Fibo Levels: Enable or disable specific levels (e.g., turn off 23.6% if you only trade deep pullbacks).
僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡opit78。
TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
This script is Invite-Only. To request access, please send me a Private Message (PM) here on TradingView. I will review your request and grant access as soon as possible.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡opit78。
TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
This script is Invite-Only. To request access, please send me a Private Message (PM) here on TradingView. I will review your request and grant access as soon as possible.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。