Fibonacci MTF Retracement & Extension levels

2 Ağu

Overview:
This indicator plots Fibonacci retracement and extension levels based on either yesterday's or today's high-low range on a customizable timeframe (default: daily). It is useful for identifying potential support/resistance zones and projecting price targets using Fibonacci ratios.

Features:
Custom Reference Timeframe
Choose any timeframe (e.g., Daily, Weekly, 4H) as the source for high and low calculations.

Flexible Level Source
Choose to plot either:
Yesterday’s Fibonacci levels (default), or Today's real-time Fibonacci levels

Extensive Fibonacci Levels
Supports both common and extended levels, including:
-6.0, -5.618, ..., 0.0, 0.382, 0.618, 1.0, 1.618, ..., 6.0

Customizable Style
Line width and style (solid, dotted, dashed)
Color-coded for negative, main (0 to 1), and above-1 levels
Adjustable label size, text color, and label position (offset)

Efficient and Clean Visualization
Automatically clears previous drawings on each new candle of selected timeframe
Optimized to prevent clutter and overlap

How It Works:
Yesterday Mode: Plots fib levels based on the high/low of the previous candle on your selected timeframe.
Today Mode: Plots fib levels using the current high/low of the ongoing candle.
All lines and labels automatically refresh at the open of each new candle (on your selected timeframe).

2 Ağu

Sürüm Notları

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4 Ağu

Sürüm Notları

This indicator plots Fibonacci retracement and extension levels from the high and low of a selected reference timeframe (default: Daily).

You can toggle between:
Yesterday’s levels — to track how the market reacts to the prior range
Today’s levels — to monitor evolving levels intraday

Features:
Select any timeframe for reference (e.g., 1H, 4H, 1D, 1W)
Choose between Yesterday’s or Today’s levels

Customize:
Line style (solid/dotted/dashed)
Line width Label size, color, and horizontal offset Color themes for negative, standard, and extended levels

Fibonacci Levels Included:
Standard retracements: 0.236, 0.382, 0.5, 0.618, 0.786, 1.0
Negative retracements: -0.272, -0.618, -1.0, etc.
Extensions: 1.272, 1.618, 2.0, 2.618, and beyond

Dynamic Behavior:
Levels are recalculated automatically each new candle on the reference timeframe.
Labels move horizontally with the chart as new bars form, keeping levels readable.

Best For:
Intraday traders looking for confluence zones
Swing traders using multi-timeframe setups
Traders using Fibonacci for entries/exits or structure analysis

30 Eyl

Sürüm Notları

Fibonacci MTF V1 is a dynamic and fully customizable indicator that draws Fibonacci retracement and extension levels based on the high and low of a selected higher timeframe (HTF) — typically daily or any timeframe you choose.

Whether you're a day trader, swing trader, or scalper, this tool helps you quickly identify key support and resistance levels derived from higher timeframes, giving you a strategic edge.

Multi-Timeframe Input — Select your reference timeframe (e.g., Daily, 4H, etc.) to anchor your Fibonacci levels.

✅ Choose Between:

Yesterday’s Levels (default): Draws levels from the previous HTF candle

Today’s Levels: Optionally project levels from the current HTF candle

✅ Full Customization:

Line style: Solid, Dotted, Dashed

Line width

Label color, size, and offset

Separate colors for:

Negative extensions (e.g., -0.618, -1.618)

Standard retracements (0.0 to 1.0)

Extensions above 1.0 (e.g., 1.618, 2.618, etc.)

✅ Automatic Line/Label Management:

Efficiently redraws and updates levels on each new candle of the selected timeframe.

Removes old lines to ensure clean charts and better performance.