Fibonacci Optimal Entry Zone (By Levi)

This is a Fibonacci Optimal Entry Zone indicator for TradingView that combines market structure analysis with Fibonacci retracement levels.

Key Features:

Market Structure Detection
Identifies swing highs/lows using pivot points
Marks "CHoCH" (Change of Character) when structure breaks
Tracks both bullish (higher highs/lows) and bearish (lower highs/lows) structures


Dynamic Fibonacci Retracements
Automatically draws Fibonacci levels between detected swing points
Supports extensive levels from -2.0 to 1.618, including the golden ratio (0.618)
Optional "Golden Zone" highlighting between 0.5-0.618 levels


Visual Elements
Dotted swing trend lines connecting pivots
Price labels at swing points
Customizable Fibonacci level labels with optional price display
Break of Structure (BoS) lines with adjustable styles


Advanced Options
"Swing tracker" mode for real-time Fibonacci adjustments
Line extension controls (left/right/both)
Previous Fibonacci levels retention
Fully customizable colors, widths, and label positioning


The indicator helps traders identify potential entry zones by combining structural breaks with key Fibonacci retracement levels, particularly focusing on the "optimal entry zone" where price often finds support/resistance during retracements.