OPEN-SOURCE SCRIPT
Session Fibs | Falcon AI
Auto-draws Fibonacci retracement levels across a trading session's range, anchored to that session's own high and low.
Pick a session window and the script anchors the fib to it, then projects the 0 / 23.6 / 38.2 / 50 / 61.8 / 78.6 / 100% levels, with optional 127.2 and 161.8% extensions.
Two modes. Previous session (the default) fibs the range that has just COMPLETED and projects those levels onto the session now trading, giving you stable references that do not move under you. Current session anchors live to the developing high and low, so the levels update as the range extends. That is useful for watching a session build, but the levels shift intraday. Knowing which of the two you are looking at matters more than the ratios themselves: one is fixed, one is not.
How to read it: the 38.2 / 50 / 61.8% band holds the common pullback zones inside a range, and the 61.8-78.6% area is the classic deep retrace. Extensions are common measured-move targets beyond the range. Reference levels, not signals.
Settings: session window and timezone, previous or current session, flip the 0% and 100% ends, extensions on/off, line width and colours, shade the 61.8-78.6% zone, labels.
Session logic needs an intraday chart. The default window is the standard US index cash session; change it to whatever market you trade.
This script does NOT place trades, does NOT backtest, and contains no entry, stop, or position-sizing logic. It is pure geometry off one session's high and low, with no trend model, pattern model or scoring. Your entry, your risk.
Educational tool only. Not financial advice. Fib levels are reference points, not predictions.
Pick a session window and the script anchors the fib to it, then projects the 0 / 23.6 / 38.2 / 50 / 61.8 / 78.6 / 100% levels, with optional 127.2 and 161.8% extensions.
Two modes. Previous session (the default) fibs the range that has just COMPLETED and projects those levels onto the session now trading, giving you stable references that do not move under you. Current session anchors live to the developing high and low, so the levels update as the range extends. That is useful for watching a session build, but the levels shift intraday. Knowing which of the two you are looking at matters more than the ratios themselves: one is fixed, one is not.
How to read it: the 38.2 / 50 / 61.8% band holds the common pullback zones inside a range, and the 61.8-78.6% area is the classic deep retrace. Extensions are common measured-move targets beyond the range. Reference levels, not signals.
Settings: session window and timezone, previous or current session, flip the 0% and 100% ends, extensions on/off, line width and colours, shade the 61.8-78.6% zone, labels.
Session logic needs an intraday chart. The default window is the standard US index cash session; change it to whatever market you trade.
This script does NOT place trades, does NOT backtest, and contains no entry, stop, or position-sizing logic. It is pure geometry off one session's high and low, with no trend model, pattern model or scoring. Your entry, your risk.
Educational tool only. Not financial advice. Fib levels are reference points, not predictions.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
📊 Falcon AI — World's most transparent algo trading service ·Automated Futures strategies · 14-day Setup Guarantee. Free community & live results → thefalconai.com
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
📊 Falcon AI — World's most transparent algo trading service ·Automated Futures strategies · 14-day Setup Guarantee. Free community & live results → thefalconai.com
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.