OPEN-SOURCE SCRIPT
Updated Fib Retracement Neo [GF4M]
🔹 Fib Retracement Neo
This indicator is based on the built-in auto FBR logic. A guide meter has been added to the right of the live candle so that traders can easily understand the current structure in real time.
🔸 Core Mechanics & Features
Dynamic Structural Pivot Detection (from TV's built-in Auto Fib retracement): The script continuously monitors market structure to identify significant swing highs and swing lows based on mathematical volatility thresholds. Unlike standard static tools, it anchors the Fibonacci grid to the most relevant macro/micro trendlines based on user-defined inputs.
🔸 Real-Time Dynamic Guide Meter (Live Position Mapping)
To maximize executive visibility, the 'Live Guide Meter' rendered on the right side of the live candle. Continuously visualizes the current price’s location within the active Fibonacci grid. Auto-Adaptive Range Expansion: If price actions break regular Fibonacci boundaries, the extended range levels are calculated and projected automatically relative to the price vector.
🔹 Input Parameter Guide (Configuration)
This indicator is based on the built-in auto FBR logic. A guide meter has been added to the right of the live candle so that traders can easily understand the current structure in real time.
🔸 Core Mechanics & Features
Dynamic Structural Pivot Detection (from TV's built-in Auto Fib retracement): The script continuously monitors market structure to identify significant swing highs and swing lows based on mathematical volatility thresholds. Unlike standard static tools, it anchors the Fibonacci grid to the most relevant macro/micro trendlines based on user-defined inputs.
🔸 Real-Time Dynamic Guide Meter (Live Position Mapping)
To maximize executive visibility, the 'Live Guide Meter' rendered on the right side of the live candle. Continuously visualizes the current price’s location within the active Fibonacci grid. Auto-Adaptive Range Expansion: If price actions break regular Fibonacci boundaries, the extended range levels are calculated and projected automatically relative to the price vector.
🔹 Input Parameter Guide (Configuration)
- How Far: Controls the price deviation coefficient required to invalidate a prior structural pivot. A higher value isolates macro trends, while a lower value maps micro-scalping structures.
- Wave Size: Defines the minimum bar count required to establish a valid swing high or swing low. It prevents noise from micro-consolidations.
- Fib Ratio Enable on/off
- Retracement Meter on/off
- Ruler Position (X-axis Offset) on/off
Release Notes
auto on/off fib. value line updated.Release Notes
update ... detailed info. of open-source re-use in source code description.// Open-source re-used list
//
// 1. Auto Fib Retracement core is from ... Open-source : Tradingview's built-in one.
// a Performance Tuned
// b.Fib Value area position changed
// c.Retracement move Max/Min and current Position Display for visibility.
// d.out of regular area's Fib value guideline is auto-display on/off according to current last price location for less messy screen.
Release Notes
simple customizing feature added r0.9- Color style
- Drawing Position
- Fib. level on/off
- Fib. level 886 added
Release Notes
update testingRelease Notes
Added graphics customizing option for determine what you want to see
Release Notes
reupdate (screenshot update)Release Notes
v1.01 Update• Settings panel update
• Customizable parameters: Fib ratio, Color
• Stability improvements
Release Notes
v1.02 minor change.Release Notes
V1.03 Update - Tooltip, scrrenshotRelease Notes
V1.04 minor bugfixRelease Notes
V1.05 Update - Graphic tuneRelease Notes
V1.06 Update - Graphic UI tuneRelease Notes
V1.07 minor fix.Release Notes
V1.08 minor changeOpen-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.
A precise tool, reliable every single day.
⦧𝑮𝑭4🅼 tradingview.com/u/GF4M/
⦧𝑮𝑭4🅼 tradingview.com/u/GF4M/
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.
A precise tool, reliable every single day.
⦧𝑮𝑭4🅼 tradingview.com/u/GF4M/
⦧𝑮𝑭4🅼 tradingview.com/u/GF4M/
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.