This Auto Fibonacci Retracement Indicator automatically calculates and draws Fibonacci retracement levels on the chart based on the highest high and lowest low within a customizable lookback period. Users can configure colors and enable/disable specific Fibonacci levels, including popular extensions above 100% such as 127.2%, 161.8%, 200%, and 261.8%.
Key Features:
1. **Automatic Swing Detection**: Detects swing highs and lows dynamically within the chosen lookback period.
2. **Customizable Levels**: Enable/disable specific Fibonacci levels as per preference.
3. **Color Settings**: Choose individual colors for each level for better visual distinction.
4. **Extended Levels**: Includes commonly used extensions (127.2%, 161.8%, 200%, and 261.8%) for trend continuation analysis.
5. **Real-Time Updates**: Levels automatically adjust to changes in market conditions.
Ideal For:
- Traders using Fibonacci retracement and extensions for entry/exit levels.
- Users who need a clean, flexible, and automated Fibonacci tool.
Build by VantoFX. https://vantofx.com Free for all.
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