OPEN-SOURCE SCRIPT

Fibonacci Dynamic

1 146
Extended Fibonacci Levels (5000-Bar Lookback)

This script dynamically calculates Fibonacci support and resistance levels based on the highest high and lowest low of the last 5000 bars on your chart. It provides a clear visual framework for identifying key price zones and potential reversal areas.

🔹 Features:
Dynamic Fibonacci levels: Automatically adjusts to the last 5000 bars
Customizable line style and thickness: Solid, dotted, or dashed lines
Color-coded levels: Easily distinguish each Fibonacci level at a glance
Labels for clarity: 0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%
🔹 Benefits:
Quickly identify long-term support and resistance zones
Helps spot potential reversal points and trend continuation levels
Provides a clean, easy-to-read visual guide for swing trading or analysis

💡 Note: For informational purposes only; not financial advice. Always apply proper risk management.

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