Description
Automatically draws Fibonacci retracement levels using the previous candle from any selected timeframe — directly on your chart. No manual drawing required.
How It Works
The indicator reads the last closed candle from your chosen timeframe (1H, 4H, Daily, etc.) and plots four key Fibonacci levels as extended rays:
- 0% — Candle high (bullish) or low (bearish); momentum origin
- 61.8% — Initial retracement zone (shallow pullback)
- 78.6% — Deep retracement zone (precision entry area)
- 100% — Full retracement; opposite end of the candle
Smart Zone Detection
The 61.8%–78.6% range is treated as the premium retracement zone.
When price enters this zone, the indicator triggers:
- Real-time on-screen alert
- Email notification with direction, timeframe, price, and zone details
Multi-Instance Support
Run multiple instances on the same chart (e.g., 1H, 4H, Daily) without overlap or conflict. Each instance operates independently with a unique identifier.
Customization
All Fibonacci levels are fully customizable:
- Color
- Line style (solid, dotted, dashed)
- Line thickness
Best Used With
XAUUSD (Gold), but compatible with all instruments and timeframes.
Designed For
Traders who focus on precision entries, waiting for price to retrace into the golden zone before executing trades.
