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Dynamic Fibonacci Overlay

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Synopsis / Description:
This indicator draws a dynamic Fibonacci-style overlay directly on the chart based on a user-defined lookback range. It automatically updates as new bars form, showing the stochastic range in real-time.

Key Features:
Top Line (Current Close): Tracks the live close of the most recent bar.
Bottom Line (Lookback Close): Fixed at the close of the bar length periods ago.
50% Line: Midpoint between top and bottom.
Optional Fibonacci Levels: 38.2% and 61.8% retracement lines.
Shaded Zone: Visual shading between top and bottom lines for easy range identification.
Customization: Adjustable colors, widths, and line styles for all lines.
Fully dynamic and real-time, providing an intuitive visual of price retracement and stochastic range.

Use Cases:
Quickly identify price ranges for swing and intraday trading.
Easily spot Fibonacci retracement levels in real-time.
Supports visual trading strategies based on stochastic ranges and retracements.

כתב ויתור

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