WeTrade Structure Fibo Engine is a trading indicator that integrates Smart Money Concept (SMC) market structure analysis with a dynamic Fibonacci engine. It automates the detection of key market swings using ATR filtering to reduce noise and focuses on significant price movements. The tool identifies Break of Structure (BOS) and Change of Character (CHOCH) events to determine true trend direction.
Key features include a dynamic Fibonacci level system that adjusts as price action evolves, and a live anchoring mechanism that trails market structure until a confirmed pivot forms. The indicator highlights premium and discount zones to filter for high-probability trade areas and applies a Fibonacci confluence scoring system to assess the strength of retracement zones. Entry signals are validated through engulfing price action patterns for precision.
Designed for intraday and swing traders employing SMC and Fibonacci-based strategies, this engine updates levels in real time to avoid static references, reduces signal noise to prevent overtrading, and aims to provide high-precision entry points suitable for institutional-style execution. It supports signals such as cross, breakout, reversal, level touch, and level break based on bar data inputs.