Dynamic Trend-Based Fibonacci Extension💡 This indicator is a sophisticated, automated technical analysis tool designed to identify high-probability trend continuation setups using the principles of market structure and Fibonacci geometry. By algorithmically detecting "A-B-C" price structures (Pivot -> Impulse -> Retracement), it projects dynamic Fibonacci Extension levels to forecast potential price targets for the next impulsive move (Wave C to D). Unlike static drawing tools, this script adapts to market volatility and features an advanced invalidation engine to keep your charts clean and your risk managed.
✨ Originality and Utility
Traders often struggle with the subjectivity of drawing Fibonacci extensions manually. This script solves that by standardizing the identification of market structure using a proprietary ZigZag algorithm enhanced with Average True Range (ATR) for volatility-adjusted sensitivity.
Key unique features include:
Automated Structure Detection: Instantly spots Bullish (Higher High, Higher Low) and Bearish (Lower Low, Lower High) sequences without manual input.
Dynamic Invalidation: The script monitors price action in real-time. If price breaks the invalidation point (Point A), the structure is immediately "grayed out" or deleted, preventing you from trading based on broken setups.
Golden Zone Targeting: Highlights the high-probability reversal zone between the 1.5 and 1.618 extensions, often associated with the completion of a measured move.
JSON Alerting: Built-in support for algorithmic trading with structured JSON payloads (Entry, TP, SL) ready for webhook integration.
🔬 Methodology and Concepts
The core logic operates on a three-step algorithmic sequence:
1. Pivot Identification: The script uses a "ZigZag" approach to find significant swing highs and lows. It employs an ATR-based threshold (or fixed deviation) to filter out market noise, ensuring only significant structural points are considered.
2. Geometric Validation: It evaluates the last three pivot points (A, B, C) to confirm a valid trend structure.
Bullish Setup: Point C must be higher than Point A but lower than Point B (a valid retracement).
Bearish Setup: Point C must be lower than Point A but higher than Point B.
3. Projection Mathematics: Once a valid ABC structure is locked, the script calculates extension targets using the standard formula: Target = Price C + ((Price B - Price A) * Ratio) . It also supports Logarithmic Scale calculations for assets with exponential growth, such as cryptocurrencies, ensuring proportional accuracy over large price ranges.
🎨 Visual Guide
The indicator paints a clear, detailed roadmap on your chart. Here is how to interpret the visual elements:
● Structure Lines
Solid Line (A to B): Represents the initial "Impulse" leg of the move.
Dashed Line (B to C): Represents the "Retracement" or corrective leg.
Green Structures: Indicate Bullish setups (looking for long entries).
Red Structures: Indicate Bearish setups (looking for short entries).
Gray/Dimmed Structures: These are invalidated setups where the price has breached the Stop Loss level (Point A).
● Extension Levels (Targets)
The script projects the following key Fibonacci ratios extending from Point C:
0.618 (Wave 5): An early profit-taking level, often corresponding to a truncated 5th wave.
1.0 (Measured Move): Where the extension equals the length of the initial impulse (AB = CD pattern).
1.272 (Harmonic): A common extension level for corrective structures or deep pullbacks.
Golden Zone (1.5 - 1.618): A highlighted fill area. The 1.618 level (Solid Line) is the "Golden Ratio" and is statistically one of the most significant targets in trending markets, often labeled as "Wave 3".
● Labels
Points A, B, C: Clearly marks the swing points defining the structure.
Right-Side Labels: Display the Ratio (e.g., 1.618) and the exact Price Level for easy order placement.
📖 How to Use
This tool is best used as a trend-following system.
1. Trend Identification
Wait for a new Solid Colored Structure (Green or Red) to appear. This confirms that a valid ABC retracement has occurred.
2. Entry Strategy
The "Trigger" is generally the reversal from Point C. Aggressive traders enter near C, while conservative traders may wait for a breakout above B.
Stop Loss: Place your SL just beyond Point A . If price breaks A, the script will automatically gray out the structure, signaling invalidation.
3. Profit Taking
Use the projected extension lines as dynamic Take Profit (TP) zones:
TP1: 1.0 (The Measured Move).
TP2: The Golden Zone (1.5 to 1.618). This is often the strongest target for a Wave 3 impulsive move.
4. Automation
For automated traders, create an alert using the "Any alert() function call" option. The script outputs a JSON string containing the Action, Ticker, Entry Price, TP (1.618), and SL (Point A).
⚙️ Inputs and Settings
You can fully customize the script to fit your asset class and timeframe:
● ZigZag Detection
Pivot Lookback Depth: (Default: 5) Determines how many bars to check left/right for a pivot. Higher numbers find larger, more significant structures.
Use ATR-Based Threshold: (Default: True) Adapts the sensitivity to market volatility.
ATR Multiplier: (Default: 2.0) Adjusts how much price must reverse to form a new leg.
● Structure Invalidation
Enable Structure Invalidation: (Default: True) Toggles the logic that checks if Point A is breached.
Invalidation Action: Choose "Gray Out" to keep history visible but dimmed, or "Delete" to remove failed setups entirely.
● Fibonacci Settings
Use Logarithmic Scale: Essential for crypto or long-term timeframe analysis.
Show 0.618 / 1.0 / 1.272 / 1.618: Toggles individual levels on/off to declutter the chart.
Extend Lines Right: Extends the target lines into the future for better visibility.
● Display Settings
Keep Last N Structures: Controls how many historical structures remain on the chart to prevent visual clutter.
Show Elliott Wave Labels: Adds theoretical wave counts (e.g., "Wave 3") to the ratio labels.
🔍 Deconstruction of the Underlying Scientific and Academic Framework
This indicator is grounded in Fractal Market Geometry and Elliott Wave Theory .
1. The Golden Ratio (Phi - 1.618):
Mathematically derived from the Fibonacci sequence, the 1.618 ratio is omnipresent in natural growth patterns. In financial markets, it represents the psychological "tipping point" of crowd behavior during an impulsive trend. This script emphasizes the 1.618 extension as the primary target for a "Wave 3," which is academically cited as typically the longest and strongest wave in a 5-wave motive sequence.
2. Harmonic AB=CD Patterns:
The inclusion of the 1.0 extension validates the "Measured Move" concept. Statistically, markets often move in symmetrical legs where the secondary impulse (CD) equals the magnitude of the primary impulse (AB).
3. Volatility Normalization (ATR):
By utilizing the Average True Range (ATR) for pivot detection, the script adheres to statistical volatility normalization. This ensures that the structures identified are statistically significant relative to the asset's current volatility regime, rather than relying on arbitrary percentage moves which fail across different asset classes.
⚠️ Disclaimer
All provided scripts and indicators are strictly for educational exploration and must not be interpreted as financial advice or a recommendation to execute trades. I expressly disclaim all liability for any financial losses or damages that may result, directly or indirectly, from the reliance on or application of these tools. Market participation carries inherent risk where past performance never guarantees future returns, leaving all investment decisions and due diligence solely at your own discretion.
斐波那契
ZenAlgo - GridOverview and anchoring logic
This indicator constructs a price grid based on a dynamically or manually defined price swing. The entire calculation starts by defining two anchor points that represent a completed directional move. These anchors can be selected in two ways:
Manually, by specifying a start time and an end time, where the indicator uses the candle corresponding to those times and selects either wick highs or lows depending on direction.
Automatically, by detecting significant swing points derived from recent price extremes over a configurable historical window.
The chosen anchors form a reference segment between point A and point B. This segment defines both direction and magnitude of the move. All subsequent levels and zones are derived relative to this segment, ensuring the grid adapts to current market structure rather than using fixed price distances.
Difference from traditional grid and Fibonacci tools
Unlike fixed price grids or standard Fibonacci tools that require manual anchoring and remain static once drawn, this indicator continuously derives its grid from the most relevant completed price swing. Instead of treating levels as independent horizontal prices, all values are expressed as proportions of a single measured move, allowing the grid to automatically rescale and realign as market structure evolves.
Market structure detection and directional context
Before the grid itself is drawn, the script continuously evaluates price structure using swing detection over two different sensitivities. Larger swings establish the dominant structural direction, while smaller swings can optionally be shown for internal context.
Swing highs and swing lows are detected by comparing historical highs and lows over a rolling window.
When price crosses above or below the most recent structural level, the script classifies the event as either a continuation in the same direction or a change in direction.
This structural state determines whether the grid is treated as upward or downward and influences the visual orientation of labels and zones.
This step matters because retracement and extension levels only have meaning when referenced to a clearly defined directional move.
Primary range construction between anchors
Once the anchor points are established, the indicator measures the vertical price distance between them. This distance is treated as a normalized range rather than an absolute value. Every level drawn afterward is positioned as a proportional offset of this range.
If the second anchor is above the first, the grid is considered bullish.
If the second anchor is below the first, the grid is considered bearish.
Colors and label orientation adapt automatically to this direction.
By normalizing the range, the grid remains comparable across assets and timeframes.
Retracement and extension level placement
The indicator plots a predefined set of proportional levels between and beyond the anchor points. Each level represents a fraction or multiple of the original move.
Lower values correspond to deeper retracements toward the origin of the move.
Mid-range values represent partial pullbacks within the move.
Higher values extend beyond the move, projecting potential continuation zones.
Each level is drawn as a horizontal line extending into future bars, accompanied by a label. Labels can be shown either as descriptive names or as raw proportional values, depending on user preference.
Zone construction instead of single levels
Rather than relying only on precise price lines, the indicator groups selected proportions into zones. This reflects the observation that price interaction typically occurs across ranges rather than at exact prices.
A retracement zone highlights an area between two closely spaced proportional levels.
A projection zone marks a continuation region beyond the measured move.
These zones are drawn as shaded areas extending forward in time.
Visual reference points
The indicator explicitly marks the two anchor points on the chart.
Point A represents the origin of the measured move.
Point B represents the completion of that move.
This allows the user to visually verify which price swing the grid is derived from.
How to interpret the values
All plotted levels express proportional relationships to the measured move, not independent price predictions.
Lower proportional values indicate proximity to the start of the move.
Mid-range values represent partial retracements.
Higher values indicate projected continuation areas.
How to best use this indicator
This indicator serves as a structural reference tool rather than a signal generator.
Apply it after a clear directional swing has formed.
Use higher-timeframe context to validate anchor selection.
Combine the grid with price behavior and other contextual tools.
Limitations and disclaimers
This indicator is purely proportional and structure-based.
It does not incorporate volume, volatility regimes, or fundamental data.
Automatic anchoring may differ from subjective swing selection.
Levels and zones represent reference areas, not guaranteed reaction points.
The indicator describes price structure and proportional relationships only.
Prev-Week-Month with V-StopPrevious Week map: It automatically plots last week’s high/low and key Fibonacci levels (50%, 61.8%, 78.6), plus optional extensions, and can extend those lines into the current week with labels.
Previous Month “Golden Zones”: It shades the prior month’s two main retracement zones (61.8%–78.6% from the month’s range) as bullish/bearish areas, optionally adds boundary lines, and labels them.
Volatility Stop (V-Stop): It draws an ATR-based trailing stop that flips between uptrend/downtrend. You can run it on the chart timeframe or a higher timeframe, and it marks reversals and HTF breach/“limbo” events. **bits of code taken from TradingView script**
Auto Fibonacci Lines Depending on ZigZag %In the world of technical analysis, few tools are as powerful—or as misused—as Fibonacci Retracements. The Auto Fibonacci Lines Depending on ZigZag % is not just an indicator; it is a complete, automated trading system designed to eliminate subjectivity and bring institutional-grade precision to your charts.
This script automates the identification of significant market structures using a ZigZag algorithm. Once a market swing is mathematically confirmed (based on your deviation settings), it instantly projects a complete suite of Retracement and Extension levels. This allows you to stop guessing where to draw your lines and start focusing on price action.
🧠 The Logic Behind the Indicator
Understanding how your tools work is the first step to trusting them. This script operates on a three-step logic loop:
ZigZag Identification:
The script continuously monitors price action relative to the last known pivot point. It uses a user-defined Deviation % to filter out market noise. A new "Leg" is only confirmed when price reverses by this specific percentage. This ensures that the Fibonacci lines are only drawn on significant market moves, not random chop.
Automated Anchor Points:
Once a downward trend is confirmed (e.g., price drops 30% from the top), the script automatically anchors the Fibonacci tool to the Swing High (Start) and the Swing Low (End). It does this without you needing to click or drag anything.
Dynamic Cleanup:
Markets evolve. A key feature of this script is its self-cleaning mechanism. As soon as a new trend leg is confirmed, the script automatically deletes the old, invalidated Fibonacci lines and draws a fresh set for the new structure. This keeps your chart clean and focused on the now.
🎓 How to Trade This System
This indicator is color-coded to simplify your decision-making process. It moves beyond standard "rainbow" charts by categorizing price levels into three distinct actionable zones.
1. The "Reload Zone" (White Lines: 0.618 - 0.786) ⚪
Role: High-Probability Support / Entry
In institutional trading, the 0.618 (Golden Ratio) to 0.786 region is often where algorithms step in to defend a trend.
Why it works : This is the "discount" area where smart money re-accumulates positions before the next leg up.
2. The "Decision Wall" (Blue Lines: 1.382 - 1.5) 🔵
Role: Strong Resistance / Trend Check
This is a unique feature of this suite. The 1.382 and 1.5 levels often act as a "ceiling" for weak breakouts.
Strategy : If you entered in the White Zone, the Blue Zone is your first major hurdle. If price stalls here, consider securing partial profits.
Warning : A rejection from the Blue Lines often leads to a double-top formation. However, a clean break above the Blue Lines usually signals a parabolic move is beginning.
3. The "Extension Zone" (Yellow, Red, Purple > 1.618) 🟡🔴
Role : Take Profit / Exhaustion
Levels above 1.5 (starting with the 1.618 Golden Extension) are statistical extremes.
Strategy : These are Strict Take Profit levels. Do not FOMO (Fear Of Missing Out) into new long positions here. The probability of a reversal increases drastically as price climbs through these levels (2.618, 3.618, 4.618).
📐 The Mathematical Edge: Logarithmic vs. Linear
One of the most critical features of this script is the ability to toggle between Logarithmic and Linear calculations.
Why use Logarithmic?
If you are trading Crypto (Bitcoin, Altcoins) or high-growth Tech Stocks, linear Fibonacci levels are mathematically incorrect over large moves. A 50% drop from $100 is different than a 50% drop from $10.
This script calculates the percentage difference (Log Scale), ensuring your targets are accurate even during 100%+ parabolic runs.
Why use Linear?
For mature markets like Forex (EURUSD) or Indices (SPX500) where volatility is lower, Linear scaling is the industry standard.
🛠️ Configuration & Best Practices
Deviation % : This is the heartbeat of the indicator.
Swing Trading : Set to 20-30%. This filters out noise and only draws Fibs on major macro moves.
Scalping : Set to 3-5%. This will catch smaller intraday waves.
Text Place : Keeps your chart clean by pushing labels to the right, ensuring they don't overlap with the current price action.
👤 Who Is This Indicator For?
The Disciplined Trader : Who wants to remove emotional bias from their charting.
The Crypto Investor : Who needs accurate Logarithmic targets for long-term holding.
The Confluence Trader : Who combines these automated levels with Order Blocks, RSI, or Volume to find the perfect entry.
⚠️ RISK DISCLAIMER & TERMS OF USE
For Educational Purposes Only:
This script and the strategies described herein are provided strictly for educational and informational purposes. They do not constitute financial, investment, or trading advice. The "Auto Fibonacci Lines" indicator is a tool for technical analysis and should not be used as the sole basis for any trading decision.
No Guarantees:
Past performance of any trading system or methodology is not necessarily indicative of future results. Financial markets are inherently volatile, and trading involves a high level of risk. You could lose some or all of your capital.
User Responsibility:
By using this script, you acknowledge that you are solely responsible for your own trading decisions and risk management. The author assumes no liability for any losses or damages resulting from the use of this tool or the information provided. Always consult with a qualified financial advisor before making investment decisions.
Axis-Pro System | Trend Structure + Fibonacci Pullbacks Axis-Pro System is a comprehensive Trend Following strategy designed to trade high-probability pullbacks. Unlike indicators that merely chase price, this system patiently waits for market structure alignment before seeking an entry.
The system is built on the premise of "Quality over Quantity", utilizing volatility and structure filters to avoid choppy markets (ranges) and false breakouts.
🧠 Strategy Logic
The system makes decisions based on a strict 4-step hierarchy:
Higher Timeframe (HTF) Bias:
Analyzes the trend on a higher timeframe to ensure we are trading in the direction of the dominant flow.
Structure & BOS (Break of Structure):
Identifies clear impulses that break previous highs or lows. Once a BOS is confirmed, the system "arms" the trade and waits.
Fibonacci Zone Pullback:
It does not chase the breakout. Instead, it waits for a pullback into the "Discount Zone" (Golden Zone, configurable between 0.382 and 0.618) to improve the Risk/Reward ratio.
Validation & Trigger:
Uses an ATR expansion check to filter out low-volatility periods.
Requires candle confirmation and alignment with fast EMAs before pulling the trigger.
🛡️ Risk Management
The system incorporates advanced position management using a split execution model (50/50):
Dynamic Stop Loss: Automatically calculated using an ATR multiplier or the recent Swing High/Low (whichever offers better protection).
TP1 (Take Profit 1): Closes 50% of the position at a fixed R-multiple (e.g., 1.5R) to lock in profit and moves the Stop Loss to Break-Even.
TP2 (Runner): The remaining 50% is left to run for higher targets (e.g., 3.0R) or until the trend bends, maximizing gains during strong moves.
Trailing Stop: Optional feature to trail price with a fast EMA once the first target is hit.
⚙️ Settings & Features
The script is highly customizable for different assets (Crypto, Forex, Indices):
Date Range Filter: Includes a date selector to perform precise Backtesting on specific periods (e.g., testing specifically during a Bear Market vs. Bull Market).
Auto Trendlines: Automatically draws relevant trendlines for visual support.
Quality Filters: Options to toggle the EMA 200 filter and breakout buffers.
⚠️ Disclaimer
This strategy is a tool for analysis and backtesting purposes. Past performance does not guarantee future results. It is highly recommended to test the strategy on a Demo account first and adjust parameters according to the volatility of the specific asset being traded. Always use responsible risk management.
Range Indicator Golden Pocket, Liquidity, FairValueGapOverview
This indicator is a comprehensive institutional market structure toolkit. It is designed to identify high-probability reversal zones by merging three powerful technical analysis concepts: Fibonacci Golden Pockets (61.8% - 65%), Liquidity Pool Analysis (Swing Failure Patterns), and Fair Value Gaps (FVG). By automating the detection of price inefficiencies and "stop runs," it helps traders navigate complex price action with objective, rule-based confirmation.
What the Script Does
The script continuously monitors a user-defined lookback period to define a trading range. Within this range, it dynamically plots:
Golden Pockets: High-confluence retracement zones (calculated as 0.35 - 0.382 internal range levels).
Liquidity Zones: Highlighted regions at the absolute high and low (Top/Bottom 5%) where institutional orders and retail stops are typically concentrated.
Swing Failure Patterns (SFP): Real-time detection of liquidity grabs where price breaches a range extreme but fails to close outside, signaling a potential trap.
Fair Value Gaps (FVG): Visualizes 3-candle price imbalances, showing areas of aggressive buying or selling that often act as future magnets or support/resistance.
2-Candle Confirmation: A momentum-based filter requiring a candle-close confirmation before a reversal signal is generated.
For Whom is it?
Smart Money Concepts (SMC) & ICT Students: Traders looking for automated liquidity sweeps and market inefficiencies.
Fibonacci & Mean Reversion Traders: Those seeking a clean, professional visualization of the Golden Pocket across multiple timeframes.
Systematic Day Traders: Who require strict price-action confirmation (SFP and 2-candle rules) to remove emotional bias from their entries.
Functions and Input Options
1. Market Structure & Visuals
Lookback Period (Default: 100): Defines the window for calculating the range extremes.
Box Offset Right (Default: 50): Extends all zones into the future for better anticipatory trading.
Show Price Lines & Labels: Displays the exact price for every zone boundary on the right axis for precise execution.
2. Fair Value Gap (FVG) Settings
Show Fair Value Gaps: A toggle to enable/disable the plotting of price imbalances.
FVG Extension (Default: 10): Determines how many bars into the future the FVG box remains visible.
Custom Colors: Separate color inputs for Bullish (Gap Up) and Bearish (Gap Down) inefficiencies.
3. Professional Alert System
The script includes five specific alert conditions:
GP Touch: Early warning when price enters a Golden Pocket.
2-Candle Pattern: Confirmed momentum shift within a Golden Pocket.
SFP Long/Short: Alerts when a Liquidity Grab (Swing Failure) is confirmed at the range high or low.
Transparency and Compliance (Moderator Info)
Non-Repainting Logic: All signals (SFP, 2-Candle, and FVG) are calculated and triggered based on confirmed candle closes. Drawings use barstate.islast purely for visual efficiency without altering historical data integrity.
Educational Context: The script visualizes well-known market principles (Fibonacci, SFPs, and FVGs) to aid traders in their analysis; it does not provide automated financial advice or "black-box" buy/sell signals.
Resource Management: Optimized for Pine Script v5, using efficient array and box handling to ensure smooth performance even on lower timeframes.
Fibonacci Sequence Grid [BigBeluga]🔵 OVERVIEW
A geometric price mapping tool that projects Fibonacci sequence levels and grid structures from recent price swings to help traders visualize natural expansion and reversion zones.
This indicator overlays Fibonacci-based structures directly on the chart, utilizing both grid projections and horizontal levels based on the classic Fibonacci integer sequence (0, 1, 1, 2, 3, 5, 8, ...). It identifies recent swing highs or lows and builds precision-aligned levels based on the trend direction.
🔵 CONCEPTS
Uses the Fibonacci integer sequence (not ratios) to define distances from the most recent swing point.
Identifies a trend based on EMA cross of fast and slow periods.
Projects two types of Fibonacci tools:
A grid projection from the swing point, displaying multiple sloped levels based on the sequence.
A set of horizontal Fibonacci levels for clean structural references.
Levels can be plotted from either swing low or high depending on the current trend direction.
Adjustable “Size” inputs control spacing between levels for better price alignment.
Lookback period defines how far the script searches for recent swing extremes.
🔵 FEATURES
Fibonacci Grid Projection:
Draws two mirrored Fibonacci grids—one expanding away from the swing high/low, the other converging toward price.
Swing-Based Trend Detection:
Uses a fast/slow EMA crossover to determine trend direction and reference swing points for projections.
Fibonacci Sequence Levels:
Displays horizontal levels based on the Fibonacci number sequence (0, 1, 2, 3, 5, 8, 13, 21...) for natural price targets.
Dynamic Labels and Coloring:
Each level is labeled with its sequence value and colored based on trend direction (e.g., red = downtrend, green = uptrend).
Both grids and levels can be toggled on/off independently.
Sizing controls allow tighter or looser clustering of levels depending on chart scale.
🔵 HOW TO USE
Enable Fibonacci Grid to visualize price expansion zones during impulsive trends.
Use Fibonacci Levels as horizontal support/resistance or target zones.
A label below price means the current trend is up and levels are projected from swing low.
A label above price means trend is down and levels are projected from swing high.
Adjust “Size” input to fit grid/level projection to your preferred chart scale or instrument volatility.
Use in confluence with price action, trend indicators, or volume tools for layered trading decisions.
🔵 CONCLUSION
Fibonacci Sequence Grid reimagines Fibonacci analysis using whole-number spacing from natural math progressions. Whether used for projecting grid-based expansions or horizontal support/resistance zones, it provides a powerful and intuitive structure to trade within. Perfect for traders who rely on symmetry, market geometry, and mathematically consistent levels.
eBacktesting - Learning: Fibonacci RetracementeBacktesting - Learning: Fibonacci Retracement helps you practice one of the most common “pullback” tools in trading: Fibonacci retracements.
It automatically finds the most recent swing and draws your chosen Fibonacci levels (for example 0.382, 0.5, 0.618, 0.786) so you can clearly see where price is pulling back into “discount/premium” areas. When price taps a level (or the Golden Zone), the indicator marks it so you can review what happened next and build pattern recognition.
These indicators are built to pair perfectly with the eBacktesting extension, where traders can practice these concepts step-by-step. Backtesting concepts visually like this is one of the fastest ways to learn, build confidence, and improve trading performance.
Educational use only. Not financial advice.
Auto Session Fib (Daily / Weekly)Session-Anchored Fibonacci (RTH Only)
Automatically tracks the Regular Trading Hours session (09:30–16:00).
Fibonacci levels are built only from session high and low, not overnight noise.
Levels dynamically update throughout the session and anchor precisely at 09:30.
Session levels plotted:
High / Low
50% retracement
61.8%, 78.6%, 88.6% (bullish and bearish interpretations)
These levels are intended for intraday execution, not bias.
2️⃣ Previous Week Fibonacci (Market Context)
Displays previous week High, Low, and Fibonacci retracements.
Lines are confined strictly to the prior week (no overlap into the current week).
Levels are shown in a faint gray to distinguish context from execution.
Each key fib level includes descriptive labels, not just numbers:
61.8% → Golden Zone anchor
78.6% → Deep pullback / last defense
88.6% → Trend failure / trap zone
These are decision-framing levels, designed to help identify where trends either hold or fail.
3️⃣ Previous Day Extension Zones (Expansion Targets)
Calculates previous day range and projects:
+1.618 / +1.786
−1.618 / −1.786
Draws filled zones (no borders) between:
1.618 ↔ 1.786
−1.618 ↔ −1.786
Boxes extend only across the current RTH session.
These zones represent expansion / exhaustion areas, not reversal signals by themselves.
4️⃣ RSI Turn Signals (Clean, Non-Repainting)
Uses a standard RSI, with:
Adjustable length
Adjustable overbought / oversold levels
Optional independent RSI timeframe (can differ from chart TF)
Signals trigger only on a turn, not while RSI remains extreme:
Buy: RSI crosses up through oversold
Sell: RSI crosses down through overbought
This indicator is built to answer three questions:
Where am I relative to important structure?
Is price extended or mean-reverting?
Is there a confirmed momentum turn?
Fibonacci 5 Candles Retracement
================================================================================
FIBONACCI 5 CANDLES RETRACEMENT - STRATEGY GUIDE
================================================================================
WHAT DOES THIS STRATEGY DO?
---------------------------
This strategy automatically identifies market trends and uses Fibonacci
retracements to find the best entry points. The idea is simple: when price
makes a strong movement (trend), it often pulls back before continuing in
the same direction. The strategy captures these "pullbacks" to enter at the
right moment.
HOW IT WORKS?
-------------
1. TREND DETECTION
The strategy looks for 5 consecutive candles of the same color:
- 5 red candles = BEARISH trend (price falls)
- 5 green candles = BULLISH trend (price rises)
2. CALCULATION OF START AND END POINTS
For a BEARISH trend (5 red candles):
- START: The highest point between the first red candle and the previous one
- END: The lowest point reached during the 5 candles (and beyond, if the
trend continues)
For a BULLISH trend (5 green candles):
- START: The lowest point between the first green candle and the previous one
- END: The highest point reached during the 5 candles (and beyond, if the
trend continues)
3. DYNAMIC UPDATE
The END point updates automatically if price continues to move in the
direction of the trend, creating new highs (for bullish trends) or new
lows (for bearish trends).
4. TREND END
Normal Mode:
- BEARISH trend ends when a candle closes above the previous candle's open
- BULLISH trend ends when a candle closes below the previous candle's open
"Extended Trend" mode (optional):
- The trend remains active until a candle closes beyond the dynamic 50%
retracement level
- When this happens, the END point "freezes" (stops updating), but the
trend can continue
5. FIBONACCI RETRACEMENT CALCULATION
Once START and END are identified, the strategy automatically calculates
Fibonacci levels. IMPORTANT: for retracements and pending orders, we
consider START as 100% and END as 0%, because we work on the part of the
trend that is recovered (the pullback).
The retracement levels are:
- 70% = level closest to START (smallest retracement)
- 60% = second level
- 50% = central level (often used for entry)
- 25% = level closest to END (largest retracement)
6. PENDING ORDER PLACEMENT
When a trend is identified and completed, the strategy automatically places
a pending order (limit order) at one of the selectable Fibonacci levels.
Available levels:
- 25%: closest to END
- 50%: central level (balanced)
- 60%: closest to START
- 70%: very close to START
The order direction depends on the trend:
- BEARISH trend → SHORT order (bet that price falls)
- BULLISH trend → LONG order (bet that price rises)
Stop Loss and Take Profit (for retracements):
- Stop Loss: always at START level
- Take Profit: always at END level
EXTENDED TAKE PROFIT:
If the order is executed (filled), the strategy can apply an "Extended
Take Profit" if configured. IMPORTANT: for the extended TP calculation,
we consider START as 0% and END as 100% (the original trend movement).
For example, if you set 3%, the Take Profit will be at 103% of the
original trend movement instead of 100%.
AVAILABLE FILTERS
-----------------
1. MINIMUM TREND (pips)
Filters trends that are too small. If a trend is below the set value:
- START and END labels become gray (instead of red/green)
- No pending order is placed
- The trend is still displayed on the chart
Useful for avoiding trading movements that are too small.
2. EMA FILTER
Uses two moving averages (EMA 50 and EMA 200) to filter direction:
- If active: places LONG orders only when EMA50 > EMA200 (uptrend)
- If active: places SHORT orders only when EMA50 < EMA200 (downtrend)
Useful for trading only in the direction of the main trend.
3. EXTENDED TREND
Modifies how the trend is considered "completed":
- If disabled: uses normal logic (opposite candle)
- If active: the trend remains in formation until a candle closes beyond
the dynamic 50%. When this happens, END freezes but the trend can continue.
Useful for capturing longer trends and extended movements.
VISUALIZATION
-------------
The strategy displays on the chart:
1. START AND END LABELS
- Red color for bearish trends
- Green color for bullish trends
- Gray color if the trend is not valid (too small)
- Remain visible even when new trends form
2. START AND END LINES
- Horizontal lines indicating the start (START) and end (END) points of the trend
- White color by default, customizable from the settings panel
- Update dynamically when the END point changes
- Can be shown or hidden via the "Show Start/End Lines" option
3. FIBONACCI LINES
The strategy shows horizontal lines at retracement levels:
- Line at 50% (yellow by default)
- Line at 25% (green by default)
- Line at 60% (azure by default)
- Line at 70% (red by default)
COLOR CUSTOMIZATION:
All line colors can be customized from the settings panel in the
"LINE COLORS" section:
- Start/End Line Color: customize the color of START and END lines
- 50% Line Color: customize the color of the 50% line
- 25% Line Color: customize the color of the 25% line
- 60% Line Color: customize the color of the 60% line
- 70% Line Color: customize the color of the 70% line
Lines update dynamically when the END point changes and can be shown or
hidden individually via options in the "VISUALIZATION" section.
4. PENDING ORDER LABELS
Show pending order information:
- Direction (LONG or SHORT)
- Entry price
- Stop Loss
- Take Profit
Positioned far from the chart to avoid cluttering the visualization.
ALERTS
------
If enabled, alerts send notifications when:
1. PENDING ORDER CREATED
When a new pending order is placed, with all information.
2. PENDING ORDER UPDATED
When the pending order is updated (for example, if the level changes or
if the END point moves).
3. ORDER OPENED
When the pending order is executed (filled) and the position is opened.
Alerts can be configured in TradingView to send notifications via email,
SMS, or other platforms.
RECOMMENDED SETTINGS
--------------------
To get started, you can use these settings:
VISUALIZATION:
- Show all lines and labels to see how it works
- Show Start/End Lines: true (to display lines at START and END points)
- Customize line colors in the "LINE COLORS" section according to your preferences
STRATEGY:
- Pending Order Level: 50% (balanced)
- Extended TP: 0% (use standard TP at 100%)
FILTERS:
- Minimum Trend: 0 pips (disabled initially)
- Use EMA Filter: false (disabled initially)
- Extended Trend: false (use normal logic)
ALERTS:
- Enable Alerts: true (if you want to receive notifications)
PRACTICAL EXAMPLE
-----------------
Scenario: Bearish Trend
1. Price forms 5 consecutive red candles
2. The strategy identifies:
- START = 1.2000 (highest point)
- END = 1.1900 (lowest point)
- Range = 100 pips
3. Calculates Fibonacci levels (for retracements: START = 100%, END = 0%):
- 100% = 1.2000 (START)
- 70% = 1.1930
- 60% = 1.1940
- 50% = 1.1950
- 25% = 1.1975
- 0% = 1.1900 (END)
4. If you set "Pending Order Level" to 50%:
- Places a SHORT pending order at 1.1950 (50% retracement)
- Stop Loss at 1.2000 (START = 100%)
- Take Profit at 1.1900 (END = 0%)
5. If price rises and touches 1.1950:
- The order is executed
- Opens a SHORT position
- If price falls to 1.1900 → Take Profit (profit)
- If price rises to 1.2000 → Stop Loss (loss)
IMPORTANT NOTE
--------------
This strategy is a technical analysis tool. Like all trading strategies,
it does not guarantee profits. Trading involves risks and you can lose money.
Always use appropriate risk management and test the strategy on historical
data before using it with real money.
LICENSE
-------
This code is open source and available for modification. You are free to
use, modify, and distribute this strategy. If you republish or share a
modified version, please kindly mention the original author.
================================================================================
Golden Zone Structure [Kodexius]Golden Zone Structure is a ZigZag based market structure and Fibonacci tool designed to make swing context easier to read directly on the price chart. It detects meaningful pivot highs and lows, labels the evolving structure (HH, HL, LH, LL, including equal highs and lows), and automatically projects a Fibonacci map across the most recent completed swing.
Instead of forcing you to manually anchor Fib tools after every new leg, the script rebuilds levels each time a fresh pivot is confirmed. This makes it well suited for traders who focus on swing continuation, pullback depth, and reaction zones where liquidity and orderflow often concentrate.
A key emphasis is the Golden Zone highlight. The indicator shades the zone that is most relevant to the current swing context so you can quickly spot where a retracement is approaching a higher probability reaction area, without cluttering the chart with too many permanent objects.
The tool is intentionally visual and configurable. You can choose pivot source (High/Low or Close), adjust swing sensitivity via ZigZag period, switch color themes, and decide how much detail you want on screen (levels, zigzag lines, labels).
Optional trading markers can be enabled for users who want a lightweight “zone interaction” prompt. These markers are not intended as a standalone trading system. They are meant to complement your own confirmation rules (structure alignment, volume, higher timeframe bias, or price action triggers).
🔹Features
🔸 ZigZag Swing Engine
- Uses a configurable ZigZag period to filter noise and confirm swing points only when the lookback logic validates the move.
Supports different pivot sources (High/Low or Close) so you can choose between cleaner structure or more reactive behavior depending on the instrument.
Optional ZigZag leg drawing to visualize swing flow without clutter.
🔸 Market Structure Labels (HH, HL, LH, LL + Equals)
- Automatically labels each confirmed pivot based on how it compares to the prior pivot of the same type.
High side classification: H, HH, LH, EH.
Low side classification: L, HL, LL, EL.
Equal highs and lows help reveal potential liquidity pools and “magnet” areas where price often reacts or breaks with intent.
🔸 Auto Fibonacci Map on the Active Swing
- Rebuilds Fibonacci levels every time a new pivot is confirmed, keeping the projection aligned with the most recent completed leg.
Core retracement levels: 0.236, 0.382, 0.500, 0.618, 0.786.
Extension levels: 1.272 and 1.618 for expansion targeting and continuation mapping.
Optional price labels on each level, formatted to tick size so levels remain readable across markets.
🔸 Golden Zone Highlighting (Context Aware)
- Highlights the most relevant retracement band with a soft fill so you can spot “zone approach” moments at a glance.
The zone selection adapts to swing context, focusing on a different retracement region depending on whether the last confirmed pivot is a peak or a trough.
Adjustable transparency keeps the chart clean while preserving the key reaction area.
🔸 Visual Customization + Themes
- Multiple color themes (Neon, Ocean, Sunset, Monochrome) so the tool fits different chart styles and backgrounds.
Independent toggles for Fib levels, Golden Zone shading, ZigZag lines, and price labels.
Line width controls for better scaling across timeframes.
🔸 Optional Trading Markers + Alerts
- Optional BUY and SELL labels based on zone interaction logic with candle confirmation filters.
ATR based placement offset scaled by sensitivity so labels stay visually separated during volatility.
Built in alert conditions for new pivot highs and new pivot lows so you can monitor structure changes without watching every bar.
▶ Practical Usage Tip
• Use structure labels to define bias (HH + HL for bullish structure, LH + LL for bearish structure).
• Use the Golden Zone as a location filter, then wait for your own trigger (break of minor structure, rejection candle, volume shift, etc.).
• Treat extensions as “map points” not guaranteed targets. They work best when structure supports continuation.
Auto-Anchored Fibonacci Volume Profile [Custom Array Engine]Description:
1. The Theoretical Foundation: Structure vs. Participation In professional technical analysis, traders often struggle to reconcile two distinct datasets: Price Geometry (where price should go) and Market Participation (where money actually went).
Why Fibonacci? (The Structure) Fibonacci Retracements map the mathematical structure of a trend. They identify psychological and algorithmic "interest zones" (0.382, 0.5, 0.618) where a correction is statistically likely to terminate. However, Fibonacci levels are theoretical—they are "lines in the sand" that do not guarantee liquidity or reaction.
Why Volume Profile? (The Verification) Volume Profile maps the historical exchange of shares at specific price levels. It reveals "fair value" (High Volume Nodes) and "market imbalance" (Low Volume Nodes). It is the only tool that verifies if a specific price level was actually accepted by institutional participants.
2. Underlying Calculations (The Custom Engine) This script operates on a custom-built calculation engine that bypasses standard built-in functions entirely. It uses Pine Script Arrays to build a Volume Profile from scratch. Here is the breakdown of the proprietary code logic:
A. The "Smart-Fill" Distribution Algorithm (Solves Gapping)
The Problem: Standard volume scripts often assign a candle's entire volume to a single price row. In volatile markets or steep trends, this creates visual "gaps" or a "barcode" effect because price moved too fast to register on every row.
My Solution: I wrote a custom loop that calculates the vertical overlap of every candle against the profile grid.
The Math: Volume Per Bin = Total Candle Volume / Bins Touched.
The Result: If a single volatile candle spans 10 price rows (bins), the script mathematically divides that volume and distributes it equally into all 10 array indices. This generates a solid, continuous distribution curve that accurately reflects price action through the entire candle range, not just the close.
B. Dynamic Arrays & Split-Volume Logic The script initializes two separate floating-point arrays (buyVolArray and sellVolArray) sized to the user's resolution (up to 300 rows). It iterates through the specific time-window of the swing:
If Close >= Open, the calculated volume slice is injected into the Buy Array.
If Close < Open, it is injected into the Sell Array.
These arrays are then visually stacked to render the dual-color profile, allowing traders to see the "Delta" (Buyer vs. Seller aggression) at key structural levels.
C. Custom Garbage Collection (Performance) To enable the "Auto-Anchoring" feature without causing chart lag or visual artifacts ("ghosting"), the script includes a Garbage Collection System. Before drawing a new profile, the script iterates through a tracking array of all existing objects (box.delete, line.delete) and clears them from memory. This ensures the indicator remains lightweight and responsive even when dragging chart margins or switching timeframes.
3. The Synthesis: Why Combine Them? The core philosophy of this script is Confluence . A Fibonacci level without volume is merely a suggestion; a Fibonacci level backed by volume is a defensive wall. By algorithmically anchoring a Volume Profile to the exact coordinates of a Fibonacci swing, this tool allows traders to instantly answer critical questions:
"Is the Golden Pocket (0.618) supported by a High Volume Node (HVN), or is it a Low Volume Node (LVN) that price might slice through?"
"Is the Shallow Retracement (0.382) holding because of structural support, or just a lack of selling pressure?"
4. How to Read the Indicator
The Geometry: The script automatically detects the trend and draws standard Fib levels (0, 0.236, 0.382, 0.5, 0.618, 0.786, 1.0).
The Confluence Check: Look for the Point of Control (Red Line). If this High Volume Node aligns with a key Fib level (e.g., the 0.618), the probability of a reversal increases significantly.
The Imbalance Check: Look for "Valleys" in the profile (Low Volume Nodes). These gaps often act as "slippage zones" where price travels quickly between structural levels.
Buy/Sell Splits: The dual-color bars (Teal/Red) reveal the composition of the volume. A 0.618 level held up by dominant Buy Volume is a stronger bullish signal than one with mixed volume.
5. Settings & Customization
Lookback Length: Sensitivity of the swing detection (Default: 200 bars).
Resolution: Granularity of the profile rows (Default: 100). Higher values provide smoother definition.
Width (%): Responsive sizing that scales the profile relative to the trend's duration.
Extend Lines: Option to project structural levels infinitely to the right.
Disclaimer This script is an analytical tool for visualizing historical market data. It does not provide trade signals or financial advice.
IDWM Master StructureExecutive Summary
The IDWM Master Structure is a Multi-Timeframe (MTF) trading tool designed to force discipline by aligning traders with the "Parent" trend. It functions by locking onto the "Completed Auction" of a higher timeframe candle (like a Daily or Weekly bar) and projecting that structure onto your lower timeframe chart. Its primary goal is to define the "Dealing Range"—the hard boundaries where value was previously established—so you don't get lost in the noise of smaller price movements.
1. The Principle of Completed Auctions (Hierarchy)
Most technical indicators curve dynamically with every price tick. This script acts differently because it relies on "Settled Arguments." A closed Daily candle represents a finished battle between buyers and sellers; the High and Low are the historical results of that battle.
To enforce this, the script automatically selects a "Parent" timeframe based on your view:
Scalping (charts below 15 minutes) uses the 4-Hour Auction.
Intraday trading (15 minutes to 4 Hours) uses the Daily Auction.
Swing trading (Daily chart) uses the Weekly Auction.
2. Liquidity Pools & The Sticky Range
The High and Low lines drawn by the indicator are not just support and resistance; they represent Liquidity Pools. In market theory, stop-losses (Sell Stops below Lows, Buy Stops above Highs) accumulate at these edges.
Smart money often pushes price just past these lines to grab this liquidity (a "Stop Hunt") before reversing direction. To account for this, the script uses a "Sticky Range" mechanism. It refuses to redraw the box simply because price touched the line. Instead, it uses an Average True Range (ATR) Buffer. A new structure is only formed if the candle closes decisively outside the range plus this volatility buffer. This ensures you are trading real breakouts, not liquidity sweeps.
3. Internal Range Mechanics (Premium vs. Discount)
Inside the Master Box, the script applies Equilibrium Theory to help with trade location.
The most important internal line is the Equilibrium (EQ), which marks the exact 50% point of the range.
Premium Zone (Above EQ): Price is mathematically "expensive" relative to the recent range. Algorithms generally look to establish Short positions here.
Discount Zone (Below EQ): Price is considered "cheap." Algorithms generally look to establish Long positions here.
It also plots the Master Open, which acts as a "Line in the Sand." If price is currently trading above the Master Open, the higher timeframe candle is Green (Bullish), suggesting longs have a higher probability. If below, the candle is Red (Bearish).
4. Wick Theory (Failed Auctions)
The script places special emphasis on the wicks of the Master Candle because a wick represents a "Failed Auction"—a price level the market tried to explore but ultimately rejected.
The indicator highlights the background of the wick area (from the High to the Body). On a retest, these zones often act as supply or demand blocks because the market remembers the previous failure.
It also calculates the "Consequent Encroachment," which is the 50% midpoint of the wick. The rule of thumb here is that if a candle body can close past 50% of a wick, the rejection is nullified, and price will likely travel to fill the entire wick.
5. Energy Expansion (Breakout Targets)
Market energy transfers from Consolidation (inside the box) to Expansion (the breakout). When the price finally breaks the "Sticky Range" (confirming via the ATR buffer), the script projects where that energy will go.
It uses the height of the previous range to calculate Fibonacci extensions. Specifically, it targets the 1.618 Extension, often called the "Golden Ratio." This is a statistically significant level where expansion moves tend to exhaust themselves and reverse.
6. Safety Protocol: Live Detection
A dashboard monitors the state of the parent candle. If the text turns Magenta with a warning symbol, it means the Higher Timeframe candle is "Live" (still forming).
Trading off a live structure is considered higher risk because the "Auction" isn't finished—the High or Low can still shift. The safest approach is to trade when the dashboard indicates a standard, locked, historical structure.
Fibonacci Projection with Volume & Delta Profile (Zeiierman)█ Overview
Fibonacci Projection with Volume & Delta Profile (Zeiierman) blends classic Fibonacci swing analysis with modern volume-flow reading to create a unified, projection-based market framework. The indicator automatically detects the latest swing high and swing low, builds a complete Fibonacci structure, and then projects future extension targets with clear visual pathways.
What makes this tool unique is the integration of two volume-based systems directly into the Fibonacci structure. A Fib-aligned Volume Profile shows how bullish and bearish volume accumulated inside the swing range, while a separate Delta Profile reveals the imbalance of buy–sell pressure inside each Fibonacci interval. Together, these elements transform the standard Fibonacci tool into a multi-dimensional structural and volume-flow map.
█ How It Works
The indicator first detects the most recent swing high and swing low using the Period setting. That swing defines the Fibonacci range, from which the script draws retracement levels (0.236–0.786) and builds a forward projection path using the chosen Projection Level and a 1.272 extension.
Along this path, it draws projection lines, target boxes, and percentage labels that show how far each projected leg extends relative to the previous one.
Inside the same swing range, the script builds a Fib-based Volume Profile by splitting price into rows and assigning each bar’s volume as bullish (close > open) or bearish (close ≤ open). On top of that, it calculates a Volume Delta Profile between each pair of fib levels, showing whether buyers or sellers dominated that band and how strong that imbalance was.
█ How to Use
This tool helps traders quickly understand market structure and where the price may be heading next. The projection engine shows the most likely future targets, highlights strong or weak legs in the move, and updates automatically whenever a new swing forms. This ensures you always see the most relevant and up-to-date projection path.
The Fib Volume Profile shows where volume supported the move and where it did not. Thick bullish buckets reveal zones where buyers stepped in aggressively, often becoming retestable support. Thick bearish buckets highlight zones of resistance or rejection, particularly useful if projected levels align with prior liquidity.
The Delta Profile adds a second dimension to volume reading by showing where buy–sell pressure was truly imbalanced. A projected Fibonacci target that aligns with a strong bullish delta, for example, may suggest continuation. A projection into a band dominated by bearish delta may warn of reversal or hesitation.
█ Settings
Period – bars used to determine swing high/low
Projection Level – chosen Fib ratio for projection path
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Fibonacci Set-upThe indicator plots Fibonacci retracements based on recent lows and highs.
Additionally it calculates position size, max leverage, max drawdown and pricelevels.
fibonacci2Library "fibonacci2"
Useful methods to calculate and display fibonacci retracement
modelParamsNew(point_0, point_1)
Parameters:
point_0 (chart.point)
point_1 (chart.point)
modelParamsNew(this, point_0, point_1)
Parameters:
this (viewParams)
point_0 (chart.point)
point_1 (chart.point)
method toModelParams(this, point_0, point_1)
Namespace types: viewParams
Parameters:
this (viewParams)
point_0 (chart.point)
point_1 (chart.point)
method createModel(params)
Namespace types: modelParams
Parameters:
params (modelParams)
method createView(this, params)
Namespace types: model
Parameters:
this (model)
params (viewParams)
method delete(view)
Namespace types: view
Parameters:
view (view)
levelModelParams
Fields:
level (series float)
levelViewParams
Fields:
level (series float)
color (series color)
line_width (series int)
line_style (series lineStyleEnum enum from Hamster-Coder/drawing/1)
levelModel
Represents a Fibonacci retracement level
Fields:
level (series float) : The Fibonacci level ratio (e.g., 0.382, 0.5, 0.618)
value (series float) : The Y-coordinate on the chart corresponding to this level
modelParams
Represents the full parameter set for the Fibonacci retracement model
Fields:
point_1 (chart.point) : Coordinates of the anchor Point (1) of the model
point_0 (chart.point) : Coordinates of the anchor Point (0) of the model
levels (array) : List of levels to display for this model
model
Fields:
point_1 (chart.point)
point_0 (chart.point)
levels (array)
viewParams
Fields:
levels (array)
x1 (series int)
x2 (series int)
xloc (series string)
show_level_value (series bool)
value_format (series string)
force_overlay (series bool)
view
Fields:
model (model)
lines (array)
labels (array)
Auto Fib Retracement-custom lines📈 Auto Fib Retracement (with Custom Line Thickness)
This indicator provides an automatic application of Fibonacci Retracement and Extension levels based on key Pivot points on the chart. It uses advanced logic to identify relevant momentum based on user-defined parameters, ensuring dynamic and accurate level drawing without the need for manual measurement.
Key Features of the Indicator ✨
Automatic Drawing: Fibonacci levels are automatically drawn based on the last significant Pivot swing detected by the indicator.
Fibonacci Retracement and Extension: Displays classic retracement levels (such as 0.382, 0.5, 0.618) and extensions (such as 1.272, 1.618, 2.618, etc.), with the option to individually toggle the visibility of each level.
Custom Line Width (New Feature): This is the key added functionality! For every Fibonacci level, an option has been included to individually adjust the line thickness (width). This allows traders to visually highlight (bold) critical support/resistance levels (like 0, 0.618, 1, etc.) to make them more noticeable on the chart.
Pivot Customization: Control the sensitivity of Pivot detection using the "Deviation" and "Depth" parameters.
Line Extension: Options to extend the Fibonacci lines to the left, right, or both sides.
Detail Display: Ability to show/hide Fibonacci values (levels) and prices on the labels.
⚙️ Input Parameters
This indicator offers complete control over how the Fibonacci levels are displayed:
Deviation: A multiplier that affects how much the price must deviate from the previous pivot for a new pivot to be formed. Increasing the value makes the indicator less sensitive; decreasing it makes it more sensitive.
Depth: The minimum number of bars considered when calculating the pivots.
Reverse: Option to reverse the drawing direction (from top to bottom or vice-versa).
Extend Left/Right: Controls the extension of the Fibonacci lines.
Level Settings (0, 0.236, 0.382, 0.5, 0.618, etc.):
Checkbox: Turn the display of each individual Fibonacci level on or off.
Value: Customize the Fibonacci value (e.g., you can change 0.618 to 0.65).
Color: Adjust the line color.
Line Width: Crucial option! Allows you to set the line thickness from 1 to 5. Use this to emphasize the most important levels.
Background Transparency: Adjust the transparency of the background fill between the Fibonacci levels.
How to Use It 💡
This tool is ideal for traders who use Fibonacci Retracement to determine potential areas of support and resistance, profit targets (extensions), and entry zones. Use the Custom Line Width option to visually set apart the key levels you believe have the most significant impact on the market (e.g., 0, 0.5, 0.618, and 1).
Fib OscillatorWhat is Fib Oscillator and How to Use it?
🔶 1. Conceptual Overview
The Fib Oscillator is a Fibonacci-based relative position oscillator.
Instead of measuring momentum (like RSI or MACD), it measures where price currently sits between the recent swing high and swing low, expressed as a percentage within the Fibonacci range.
In other words:
It answers: “Where is price right now within its most recent dynamic range?”
It visualizes retracement and extension zones numerically, providing continuous feedback between 0% and 100% (and beyond if extended).
🔶 2. What the Script Does
The indicator:
Automatically detects recent high and low levels using an adaptive lookback window, which depends on ATR volatility.
Calculates the current price’s position between those levels as a percentage (0–100).
Plots that percentage as an oscillator — showing visually whether price is near the top, middle, or bottom of its recent range.
Overlays Fibonacci retracement levels (23.6%, 38.2%, 50%, 61.8%, 78.6%) as reference zones.
Generates alerts when the oscillator crosses key Fib thresholds — which can signal retracement completion, breakout potential, or pullback exhaustion.
🔶 3. Technical Flow Breakdown
(a) Inputs
Input Description Default Notes
atrLength ATR period used for volatility estimation 14 Used to dynamically tune lookback sensitivity
minLookback Minimum lookback window (candles) 20 Ensures stability even in low volatility
maxLookback Maximum lookback window 100 Limits over-expansion during high volatility
isInverse Inverts chart orientation false Useful for inverse markets (e.g. shorts or inverse BTC view)
(b) Volatility-Adaptive Lookback
Instead of using a fixed lookback, it calculates:
lookback
=
SMA(ATR,10)
/
SMA(Close,10)
×
500
lookback=SMA(ATR,10)/SMA(Close,10)×500
Then it clamps this between minLookback and maxLookback.
This makes the oscillator:
More reactive during high volatility (shorter lookback)
More stable during calm markets (longer lookback)
Essentially, it self-adjusts to market rhythm — you don’t have to constantly tweak lookback manually.
(c) High-Low Reference Points
It takes the highest and lowest points within the dynamic lookback window.
If isInverse = true, it flips the candle logic (useful if viewing inverse instruments like stablecoin pairs or when analyzing bearish setups invertedly).
(d) Oscillator Core
The main oscillator line:
osc
=
(
close
−
low
)
(
high
−
low
)
×
100
osc=
(high−low)
(close−low)
×100
0% = Price is at the lookback low.
100% = Price is at the lookback high.
50% = Midpoint (balanced).
Between Fibonacci percentages (23.6%, 38.2%, 61.8%, etc.), the oscillator indicates retracement stages.
(e) Fibonacci Levels as Reference
It overlays horizontal reference lines at:
0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%
These act as support/resistance bands in oscillator space.
You can read it similar to how traders use Fibonacci retracements on charts, but compressed into a single line oscillator.
(f) Alerts
The script includes built-in alert conditions for crossovers at each major Fibonacci level.
You can set TradingView alerts such as:
“Oscillator crossed above 61.8%” → possible bullish continuation or breakout.
“Oscillator crossed below 38.2%” → possible pullback or correction starting.
This allows automated monitoring of fib retracement completions without manually drawing fib levels.
🔶 4. How to Use It
🔸 Visual Interpretation
Oscillator Value Zone Market Context
0–23.6% Deep Retracement Potential exhaustion of a down-move / early reversal
23.6–38.2% Shallow retracement zone Possible continuation phase
38.2–50% Mid retracement Neutral or indecisive structure
50–61.8% Key pivot region Common trend resumption zone
61.8–78.6% Late retracement Often “last pullback” area
78.6–100% Near high range Possible overextension / profit-taking
>100% Range breakout New leg formation / expansion
🔸 Practical Application Steps
Load the indicator on your chart (set overlay = false, so it’s below the main price chart).
Observe oscillator position relative to fib bands:
Use it to determine retracement depth.
Combine with structure tools:
Trend lines, swing points, or HTF market structure.
Use crossovers for timing:
Crossing above 61.8% in an uptrend often confirms breakout continuation.
Crossing below 38.2% in a downtrend signals renewed downside momentum.
For range markets, oscillator swings between 23.6% and 78.6% can define accumulation/distribution boundaries.
🔶 5. When to Use It
During Retracements: To gauge how deep the pullback has gone.
During Range Markets: To identify relative overbought/oversold positions.
Before Breakouts: Crossovers of 61.8% or 78.6% often precede impulsive moves.
In Multi-Timeframe Contexts:
LTF (15M–1H): Detect intraday retracement exhaustion.
HTF (4H–1D): Confirm major range expansions or key reversal zones.
🔶 6. Ideal Companion Indicators
The Fib Oscillator works best when contextualized with structure, volatility, and trend bias indicators.
Below are optimal pairings:
Companion Indicator Purpose Integration Insight
Market Structure MTF Tool Identify active trend direction Use Fib Oscillator only in trend direction for cleaner signals
EMA Ribbon / Supertrend Trend confirmation Align oscillator crossovers with EMA bias
ATR Bands / Volatility Envelope Validate breakout strength If oscillator >78.6% & ATR rising → valid breakout
Volume Oscillator Confirm retracement strength Volume contraction + oscillator under 38.2% → potential reversal
HTF Fib Retracement Tool Combine LTF oscillator with HTF fib confluence Powerful multi-timeframe setups
RSI or Stochastic Measure momentum relative to position RSI divergence while oscillator near 78.6% → exhaustion clue
🔶 7. Understanding the Settings
Setting Function Practical Impact
ATR Period (14) Controls volatility sampling Higher = smoother lookback adaptation
Min Lookback (20) Smallest window allowed Lower = more reactive but noisier
Max Lookback (100) Largest window allowed Higher = smoother but slower to react
Inverse Candle Chart Flips oscillator vertically Useful when analyzing bearish or inverse scenarios (e.g. short-side fib mapping)
Recommended Configs:
For scalping/intraday: ATR 10–14, lookback 20–50
For swing/position trading: ATR 14–21, lookback 50–100
🔶 8. Example Trade Logic (Practical Use)
Scenario: Uptrend on 4H chart
Oscillator drops to below 38.2% → retracement zone
Price consolidates → oscillator stabilizes
Oscillator crosses above 50% → pullback ending
Entry: Long when oscillator crosses above 61.8%
Exit: Near 78.6–100% zone or upon divergence with RSI
For Short Bias (Inverse Setup):
Enable isInverse = true to visually flip the oscillator (so lows become highs).
Use the same thresholds inversely.
🔶 9. Strengths & Limitations
✅ Strengths
Dynamic, self-adapting to volatility
Quantifies Fib retracement as a continuous function
Compact oscillator view (no clutter on chart)
Works well across all timeframes
Compatible with both trending and ranging markets
⚠️ Limitations
Doesn’t define trend direction — must be used with structure filters
Can whipsaw during choppy consolidations
The “lookback auto-adjust” may lag in sudden volatility shifts
Shouldn’t be used standalone for entries without structural confluence
🔶 10. Summary
The “Fib Oscillator” is a dynamic Fibonacci-relative positioning tool that merges retracement theory with adaptive volatility logic.
It gives traders an intuitive, quantified view of where price sits within its recent fib range, allowing anticipation of pullbacks, reversals, or breakout momentum.
Think of it as a "Fibonacci RSI", but instead of momentum strength, it shows positional depth — the vibrational location of price within its natural swing cycle.
HTF Fibonacci on intraday ChartThis indicator plots Higher Timeframe (HTF) Fibonacci retracement levels directly on your intraday chart, allowing you to visualize how the current price action reacts to key retracement zones derived from the higher timeframe trend.
Concept
Fibonacci retracement levels are powerful tools used to identify potential support and resistance zones within a price trend.
However, these levels are often calculated on a higher timeframe (like Daily or Weekly), while most traders execute entries on lower timeframes (like 15m, 30m, or 1H).
This indicator bridges that gap — it projects the higher timeframe’s Fibonacci levels onto your current intraday chart, helping you see where institutional reactions or swing pivots might occur in real time.
How It Works
Select the Higher Timeframe (HTF)
You can choose which higher timeframe the Fibonacci structure is derived from — default is Daily.
Define the Lookback Period
The script looks back over the chosen number of bars on the higher timeframe to find the highest high and lowest low — the base for Fibonacci calculations.
Plots Key Fibonacci Levels Automatically:
0% (Low)
23.6%
38.2%
50.0%
61.8%
78.6%
100% (High)
Dynamic Labels
Each Fibonacci level is labelled on the latest bar, updating in real time as new data forms on the higher timeframe.
Best Used For
Intraday traders who want to align lower-timeframe entries with higher-timeframe structure.
Swing traders confirming price reactions around major Fibonacci retracement zones.
Contextual analysis for pullback entries, breakout confirmations, or retests of key levels.
Recommended Settings
Higher Timeframe: Daily (for intraday analysis)
Lookback: 50 bars (adjust based on volatility)
Combine with MACD, RSI, CPR, or Pivots for confluence.
License & Credits
Created and published for educational and analytical purposes.
Inspired by standard Fibonacci analysis practices.
50% Fib Trend Cloud + ATR BandsThis indicator plots two structural 50% fibonacci midpoints from recent confirmed 'left/right' swings that form a *cloud* of equilibrium, then adds a rolling 50% fibonacci range midpoint based on a lookback window that's wrapped in ATR bands. Importantly, it solves a specific trading problem:
Structural midpoints (macro context) are powerful but can lag when price escapes prior ranges. Enter rolling 50% fib + ATR ➡️ which restores real-time balance & tolerance (micro context). Together they show where price is balanced structurally, where it’s balanced right now, and how much volatility to tolerate before acting.
➖➖➖
🔑 Why this is different
Most tools either draw a single midpoint (ex., daily 50%) or ATR bands around a moving average. This script fuses dual swing-based 50% midpoints (structure) + a rolling 50% with ATR (flow), so you don’t lose context when price escapes prior ranges. The cloud tells you who’s in control (fast vs. slow structure). The rolling 50% + ATR tells you how far is “too far” now.
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🧠 What it does (at a glance)
🔸Structural Equilibrium × 2 (Fib1/Fib2)
Two independent 50% midpoints formed from swing pivots (configurable Left/Right bars + optional smoothing). Their gap is the Midpoint Cloud = structural “fair value” zone.
🔸Rolling 50% + ATR Bands
A rolling highest/lowest window computes an always-current 50% rolling midpoint plot; ±ATR × length envelopes define a soft value area and over-stretch boundaries.
🔸Actionable Visuals
Optional fill between Fib1/Fib2, labels, and candle-overlay modes to instantly read regime (above both / below both / between).
🔸Smart Defaults
Timeframe-aware presets for L/R pivots & smoothing; full manual overrides available.
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⚙️ Calculations (plain-English)
🔸Pivot midpoints (Fib1 & Fib2):
1) Detect a swing using `Left/Right` bars
2) Take the swing’s high/low → compute 50%
3) (Optional) Smooth the line (SMA) to stabilize on noisy TFs
4) Repeat with a different sensitivity to get two distinct midpoints
🔸Rolling midpoint:
Highest High / Lowest Low over the last *N* bars → (HH + LL) / 2
🔸ATR levels:
`Upper = Rolling50 + ATR × Mult`, `Lower = Rolling50 − ATR × Mult`
(Typical: ATR length 14–21; Multipliers 2.236 for L1, 5.382 for L2)
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🤖 Auto-Configured Presets (with Manual Override)
💡Goal: make the midpoints “just work” on common timeframes while still letting you dial them in.
💡How Auto Presets work
When Auto Presets = ON, the script picks sensible L/R/S (Left bars / Right bars / Smoothing) for Fib Trend 1 and Fib Trend 2 based on chart timeframe.
🔸Fib 1 (fast) emphasizes *micro-structure* for quicker bias shifts.
🔸Fib 2 (slow) emphasizes *macro-structure* for anchor/bias context.
These defaults keep Fib 1 responsive without jitter and Fib 2 stable without lag.
➡️ Turn Auto Presets = OFF to take full control with the manual inputs described below.
➖➖➖
🛠 Manual Fib Midpoint Settings (when Auto = OFF)
💡Each midpoint uses three knobs:
🔸Pivot Left (L): bars to the left that must be lower/higher to qualify a swing
🔸Pivot Right (R): bars to the right that must be lower/higher to confirm the swing
🔸Smoothing (S): SMA period applied to the raw 50% midpoint (stabilizes noise)
5-Minute optimized defaults
🔸Fib Trend 1: `L21 / R5 / S55` → responsive local structure (entries/exits, re-balancing zones)
🔸Fib Trend 2: `L55 / R13 / S89` → broader structure (trend context, anchors/stops)
Timeframe guidance
🔸1m–3m: may feel a touch laggy → consider ~`L13 / R3 / S34`
🔸15m–1h: defaults remain strong → optionally ~`L34 / R8 / S89`
🔸4h+ : increase span for stability → `L89–144 / R13–21 / S144–233`
➡️ Rule of thumb: shorter L/R = faster detection, longer S = smoother line. Tune until Fib 1 captures the “active swing” and Fib 2 captures the “dominant swing” without whipsaw.
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🎛 Inputs (quick reference)
🔸Fib Trend 1/2: Source (High/Low/Close), Left/Right bars, Smoothing length, Show/Hide, Cloud fill toggle
🔸Rolling 50%: Lookback length, Price basis (Wicks/Close/HLC3/OHLC4), Plot scope (Full / Last N / None)
🔸ATR Bands: ATR length, Multipliers (L1/L2), Plot scope, Line width/colors
🔸Overlay & Labels: Candle overlay mode, Label padding/size, 50% centerline toggle, Plot widths
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🖍️ Candle Coloring & Overlay Modes
💡Purpose: make trend instantly visible on the candles and ATR levels.
1) Color Logic (dropdown)
🔸 Fib Midpoints — Colors by position of price vs. Fib 1 & Fib 2
🔸ATR Zones — Colors by which ATR zone price is in relative to the Rolling 50%
➡️ Price Reference: Choose the input used for the decision (Close, HL2, OHLC3, OHLC4).
➡️Tip: Close is crisp; HL2/OHLC variants are smoother.
2) Overlay Style (dropdown)
🔸 None — No visual change to candles
🔸 Bar Color — Uses `barcolor()` to tint built-in candles (this takes into account your Trading View settings, for instance if you have wicks set to white, they will show up as white with this setting)
🔸 PlotCandles — Draws unified custom candles (body, wick, border) with the same color for maximum clarity
💡Practical use
🔸 Pick Fib Midpoints to read structural bias at a glance (above/below/between the cloud).
🔸 Pick ATR Zones to read value vs. stretch around the Rolling 50% (mean-reversion vs. trend extension).
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📘 How to use
A) Trend confirmation
- Strong bullish bias when price holds above both structural mids; strong bearish when below both.
- Use the Rolling 50% + ATR as a dynamic re-entry zone: pullbacks that respect ATR(L1) often continue the prevailing trend.
B) Transition / mean reversion
- Inside the Cloud (between Fib1 & Fib2) treat behavior as neutralization/re-balancing; range tactics tend to outperform momentum plays.
- In ranges, fades near ±ATR around the rolling 50% can mark short-term edges.
C) Breakout context
- When price leaves the Cloud, the Rolling 50% keeps you anchored so price never feels “floating.” A clean hold outside ATR(L1/L2) suggests regime strength; quick re-entries hint at traps.
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🖼 Chart examples
➡️ Each snapshot shows how the Cloud (structure) and the Rolling 50% + ATR (flow) work together.
1) 1-Minute Downtrend – Cloud as Dynamic Ceiling
- The Cloud slopes down; pullbacks repeatedly fail under the Cloud’s underside.
- Rolling 50% (dashed mid) + ATR(L1) act as a reversion band: rallies stall near upper ATR and rotate lower.
2) 15-Minute Persistent Drift – Structure Guides, Flow Times Entries
- Long drift lower with Cloud overhead.
- Consolidations near the rolling mid resolve in the trend direction; ATR bands frame risk on each attempt.
3) 15-Minute Uptrend (BTC) – From Cloud Escape to Value Stair-Step
- After escaping the prior Cloud, rolling 50% + ATR establish a new higher value area.
- Pullbacks into ATR(L1) produce orderly stair-steps; Cloud remains supportive on deeper dips
4) 5-Minute BTC – Pullback to Value then Rotate
- Strong leg up; retrace tags lower ATR band and rotates back toward the rolling mid.
- Labels (Fib1/Fib2) make the structural context explicit for decision-making.
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🧪 Starter presets
- Intraday (5–15m): Fib1 ~ L21/R5 (smooth 5), Fib2 ~ L55/R13 (smooth 9) • Rolling = 55 • ATR = 14 • L1 = 2.5x, L2 = 5.0x
- Scalping: Shorten lookbacks & smoothing; keep ATR multipliers similar, or tighten L1.
- Swing: Lengthen all lookbacks; consider ATR length 21–28.
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🏁Final Word
This script is not just a visual tool, it’s a complete trend and structure framework. Whether you're looking for clean trend alignment, dynamic support/resistance, or early warning signs of a reversal, this system is tuned to help you react with confidence — not hindsight.
Rembember, no single indicator should be used in isolation. For best results, combine it with price action analysis, higher-timeframe context, and complementary tools like trendlines, moving averages etc Use it as part of a well-rounded trading approach to confirm setups — not to define them alone.
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💡Turn logic into clarity. Structure into trades. And uncertainty into confidence.
Fib Retrace + Extensions (v6– safe version) v 1🌀 Fib Extension Plus Retracement Strategy: Complete Overview
📊 Purpose and Core Idea
The Fib Extension Plus Retracement Strategy is a hybrid price-action methodology that blends Fibonacci Retracement and Fibonacci Extension tools to map high-probability entry, exit, and target zones within trending markets.
It is designed for precision timing, measured risk exposure, and trend-continuation trading.
By uniting both retracement and extension logic, traders can capture the entire lifecycle of a move — from the pullback phase to the breakout and projected expansion wave.
Power Hour Breakout Signals [LuxAlgo]The Power Hour Breakout tool helps traders identify key price levels from the Power Hour and spot breakouts from those levels easily. This tool features Power Hour extensions, Fibonacci levels, and session break marks for the trader's convenience.
🔶 USAGE
The Power Hour is defined as the last hour of the trading session and is set by default from 3:00 p.m. to 4:00 p.m. New York time. During this period, volume and volatility enter the market. Traders using higher timeframes may use this period to enter or exit positions by placing MOC (Market on Close) orders.
This tool highlights the Power Hour and the top and bottom price levels. Each time prices break out from these levels, a signal is displayed on the chart.
We can use the Power Hour to gauge market sentiment:
Bullish sentiment: Price trades above the Power Hour.
Mixed sentiment: Price trades within the Power Hour.
Bearish sentiment: Price trades below the Power Hour.
🔹 Displaying Power Hours and Breakouts
By default, all detected Power Hours are displayed. Traders can manually adjust this number by disabling the "Display All" parameter in the Settings panel.
Breakouts are displayed by default, too, but this feature can be disabled as well.
The chart above shows different configurations of these parameters.
🔹 Power Hour Extensions
Traders can use Power Hour extensions as potential targets for breakout signals.
In the settings panel, traders can select the percentage of the Power Hour price range to use for each extension. For example, 100% uses the full range, 200% uses the range twice, and so on.
As seen on the chart, traders can configure different percentages for the top and bottom extensions.
🔹 Fibonacci Levels
Traders can display default or custom Fibonacci levels on the Power Hour range to identify retracement opportunities and evaluate market movement strength. Each level can be enabled or disabled, as well as customized by level, color, and line style.
For example, as we can see on the chart, prices attempt to break out at the Power Hour top level, then retrace to the 0.618 Fibonacci level, and then rise to the 200% Power Hour top extension.
🔶 SETTINGS
Display Last X Power Hours: Select how many Power Hours to display or enable the Display All feature.
Power Hour (NY Time): Choose a custom Power Hour in New York time.
🔹 Breakouts
Breakouts: Enable or disable breakouts.
Bullish Breakout: Select color for bullish breakouts.
Bearish Breakout: Select color for bearish breakouts.
🔹 Extensions
Top Extension: Enable or disable the top extension and choose the percentage of Power Hour to use.
Bottom extension: Enable or disable the bottom extension and choose the percentage of Power Hour to use.
🔹 Fibonacci Levels
Display Fibonacci: Enable or disable Fibonacci levels.
Reverse: Reverse Fibonacci levels.
Levels, Colors & Style
Display Labels: Enable or disable labels and choose text size.
🔹 Style
Power Hour Colors
Extension Transparency: Choose the extension's transparency. 0 is solid, and 100 is fully transparent.
Session Breaks: Enable or disable session breaks.
CNagda Anchor2EntryCNagda Anchor2Entry Pine Script v6 overlay indicator pulls higher-timeframe (HTF) signal events to define anchor high/low levels and then projects visual entry labels on the lower-timeframe (LTF). It also draws auto-oriented Fibonacci retracement/extension levels for context, but it does not execute orders, stops, or targets—only visual guidance.
Inputs
Key inputs include Lookback Length for HTF scanning and a Signal Timeframe used with request.security to import HTF events onto the active chart.
Entry behavior can be set to “Confirm only” or “Wait candle,” trade side can be restricted to Buy/Sell/Both, and individual strategies (Buy WAIT/S1; Sell REV/S1/S2/S3) can be toggled.
HTF logic
The script defines WAIT/BUY setup and confirmation, SELL reversal on breaking the WAIT BUY low, and several volume/candle-based patterns (Sell S1/S2/S3, Buy S1).
It captures the associated highs/lows at those events with ta.valuewhen and imports them via request.security to form anchors (anc_hi/anc_lo) and “new trigger” booleans that gate label creation on the LTF.
Flip entries
When enabled, “Flip entries” generate contrarian labels based on breaking or confirming HTF anchors: crossing above anc_hi can trigger a flip-to-sell label, and crossing below anc_lo can trigger a flip-to-buy label.
The flip mode supports Immediate (on cross) or Confirm (on sustained break) to control how strict the trigger is.
Fibonacci drawing
User-specified Fib levels are parsed from a string, safely converted to floats, and drawn as dotted horizontal lines only when they fall inside an approximate visible viewport. Orientation (up or down) is decided automatically from pending signal direction and a simple context score (candle bias, trend, and price vs. mid), with efficient redraw/clear guards to avoid clutter.
Dynamic anchors
If HTF anchors are missing or too far from current price (checked with an ATR-based threshold), the script falls back to local swing highs/lows to keep the reference range relevant. This dynamic switch helps Fib levels and labels remain close to current market structure without manual intervention.
Signal labels
Labels are created only on confirmed bars to avoid repainting noise, with one “latest” label kept by deleting the previous one. The script places BUY/SELL labels for WAIT/CONFIRM, direct HTF patterns (Buy S1, Sell S1/S2/S3), and contrarian flip events, offset slightly from highs/lows with clear coloring and configurable sizes.
Visual context
Bars are softly colored (lime tint for bullish, orange tint for bearish) for quick context, and everything renders as an overlay on the price chart. Fib labels include a Δ readout (distance from current close), and line extension length, label sizes, and viewport padding are adjustable.
How to use
Set the Signal Timeframe and Lookback Length to establish which HTF structures and ranges will drive the anchors and entry conditions. Choose entry flow (Wait vs Confirm), enable Flip if contrarian triggers are desired, select the trade side, toggle strategies, and customize Fibonacci levels plus dynamic-anchor fallback for practical on-chart guidance.
Notes
This is a visual decision-support tool; it does not place trades, stops, or targets and should be validated on charts before live use. It is written for Pine Script v6 and relies heavily on request.security for HTF-to-LTF transfer of signals and anchors.
