OPEN-SOURCE SCRIPT
Updated Range Trading with Fib Retest 50% Zone [JPT]
🔷 OVERVIEW
Range Trading with Fib Retest 50% Zone [JPT] is a smart Fibonacci-based trading indicator designed to identify high-probability retracement entries after strong market moves.
The indicator automatically detects the current trading range and draws dynamic Fibonacci retracement levels without requiring manual anchoring. The 50% Equilibrium Zone acts as the primary area of interest where price often retraces before continuing its trend.
🔷 This tool is suitable for:
•Intraday Trading
•Swing Trading
•Forex
•Crypto
•Indices
•Commodities
•Features
✔ Automatic Range Detection
✔ Dynamic Fibonacci Levels
0%
23.6%
38.2%
50%
61.8%
100%
• Automatic 50% Equilibrium Zone
• Dynamic Support & Resistance Levels
• Trend Continuation Setup
• Pullback Entry Identification
• Clean Chart Display
• Non-Repainting Calculations
• Beginner Friendly
🔷 How to Use
Bullish Trend
Wait for a strong impulsive move. Allow price to retrace.
Watch the 50% Fib Zone. Look for bullish confirmation.
Enter on confirmation. Target previous highs or higher Fibonacci extensions.
Bearish Trend
Wait for a strong bearish impulse. Price retraces upward.
Watch the 50% Fib Zone. Wait for bearish confirmation.
Enter short. Target previous lows.
🔷 Best Timeframes
• 5 Minute
• 15 Minute
• 30 Minute
• 1 Hour
• 4 Hour
• Daily
🔷 Works Best On
🔷 Indicator Includes
Automatic Fibonacci Retracement
Dynamic Range Detection 50% Equilibrium Zone
38.2% & 61.8% Confirmation Levels Real-Time Updates
Clean Visual Layout
🔷 Risk Disclaimer
This indicator is an analytical tool and should be used alongside proper risk management and your own trading plan. No indicator guarantees profitable trades. Always test on a demo account before using it with live funds.
Range Trading with Fib Retest 50% Zone [JPT] is a smart Fibonacci-based trading indicator designed to identify high-probability retracement entries after strong market moves.
The indicator automatically detects the current trading range and draws dynamic Fibonacci retracement levels without requiring manual anchoring. The 50% Equilibrium Zone acts as the primary area of interest where price often retraces before continuing its trend.
🔷 This tool is suitable for:
•Intraday Trading
•Swing Trading
•Forex
•Crypto
•Indices
•Commodities
•Features
✔ Automatic Range Detection
✔ Dynamic Fibonacci Levels
0%
23.6%
38.2%
50%
61.8%
100%
• Automatic 50% Equilibrium Zone
• Dynamic Support & Resistance Levels
• Trend Continuation Setup
• Pullback Entry Identification
• Clean Chart Display
• Non-Repainting Calculations
• Beginner Friendly
🔷 How to Use
Bullish Trend
Wait for a strong impulsive move. Allow price to retrace.
Watch the 50% Fib Zone. Look for bullish confirmation.
Enter on confirmation. Target previous highs or higher Fibonacci extensions.
Bearish Trend
Wait for a strong bearish impulse. Price retraces upward.
Watch the 50% Fib Zone. Wait for bearish confirmation.
Enter short. Target previous lows.
🔷 Best Timeframes
• 5 Minute
• 15 Minute
• 30 Minute
• 1 Hour
• 4 Hour
• Daily
🔷 Works Best On
- Crypto
- Forex
- Gold
- NASDAQ
- US30
- S&P500
- Stocks
🔷 Indicator Includes
Automatic Fibonacci Retracement
Dynamic Range Detection 50% Equilibrium Zone
38.2% & 61.8% Confirmation Levels Real-Time Updates
Clean Visual Layout
🔷 Risk Disclaimer
This indicator is an analytical tool and should be used alongside proper risk management and your own trading plan. No indicator guarantees profitable trades. Always test on a demo account before using it with live funds.
Release Notes
Fixed Repainting!Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
t.me/EdwardJosFXAnalyst
📈 Follow our free Telegram channel for daily Forex, Gold, and Crypto market analysis, trade ideas, and educational trading content.
🔗Join: t.me/EdwardJosFXAnalyst
Trade smart. Manage risk.
📈 Follow our free Telegram channel for daily Forex, Gold, and Crypto market analysis, trade ideas, and educational trading content.
🔗Join: t.me/EdwardJosFXAnalyst
Trade smart. Manage risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
t.me/EdwardJosFXAnalyst
📈 Follow our free Telegram channel for daily Forex, Gold, and Crypto market analysis, trade ideas, and educational trading content.
🔗Join: t.me/EdwardJosFXAnalyst
Trade smart. Manage risk.
📈 Follow our free Telegram channel for daily Forex, Gold, and Crypto market analysis, trade ideas, and educational trading content.
🔗Join: t.me/EdwardJosFXAnalyst
Trade smart. Manage risk.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.