Fibonacci Retracement & HTF candles

The Fibonacci Retracement & HTF Candles combines higher-timeframe candles with a dynamic Fibonacci range system, helping traders visualize key market structure and retracement zones in one unified chart view.

It’s designed for traders who want to study multi-timeframe behavior and dynamic Fibonacci levels that automatically adjust to recent price action.
Higher Timeframe Candles

Displays candles from a higher timeframe (HTF) directly on your current chart (e.g., show 75-minute candles on a 5-minute chart).

The candles are accurately scaled using OHLC data from the selected timeframe.

You can customize:
Up/Down colors
Wick colors
Transparency
Offset (how far candles are shifted on the chart)

This helps visualize how smaller candles fit within larger market moves
Adaptive Daily Fibonacci Levels

The script automatically calculates Fibonacci retracement levels based on recent daily highs and lows — dynamically updating as price action evolves.

Choose the number of previous days (1–7) to define the range.
Calculates the highest high and lowest low over that range.

Updates in real-time when: A new day begins.
Price breaks out beyond the previous range.

Supports flipped logic:

If price breaks below range → draws Fibs bottom-up.
If price breaks above range → draws Fibs top-down.

This ensures your Fibonacci structure always aligns with current trend context.
Fibonacci Levels

Default levels include:
0, 0.118, 0.236, 0.382, 0.5, 0.618, 0.764, 0.882, 1.0

You can also enable Mid Fibonacci Lines to reveal intermediate zones between each key Fib level — excellent for scalpers and short-term traders who use micro-support/resistance levels
Labels and Styling

Each Fibonacci level is labeled for easy identification.

Choose:
Label text size
Label color
Label background transparency
Label offset (distance from price)
Optionally show or hide mid-level labels.

All labels dynamically reposition as new bars form to stay perfectly aligned

Customization Options

Main Inputs:
Timeframe: Select any higher timeframe for candle overlay.
Amount of Candles: Number of HTF candles to show.
Offset: Adjusts horizontal positioning of candles.
Number of Previous Days: Sets the range used for Fibonacci calculation (1–7).
Show Mid Lines / Labels: Toggle extra levels and text.
Line and Label Colors: Full color control for both Fibs and mids.
Label Offset & Transparency: Adjust spacing and visual clarity.