OPEN-SOURCE SCRIPT
Fibonacci Extension Breakout
Fibonacci Extension Breakout
This indicator automatically draws Fibonacci extension zones on higher-timeframe (HTF) breakouts. Instead of manually drawing Fibonacci retracements after every swing, the script detects when price closes beyond the previous HTF bar's high or low, and then plots seven colored zones (boxes) extending from that breakout range using the 0, 1, 1.272, 1.786, and 2.272 Fibonacci ratios (and their negative-side equivalents).
How it works?
On each new HTF period (default: Daily), the script checks whether the current HTF close has broken above the prior HTF high (bullish) or below the prior HTF low (bearish).
If a breakout occurred, it takes the new period's high/low as the base range and calculates Fibonacci extension levels outward from that range using a custom scaling function.
Each level pair (e.g., 1–1.272, 1.272–1.786, etc.) is rendered as a colored box, updated live as the HTF period develops, and closed off once the period ends.
A configurable history limit (Box History) controls how many past breakout zones remain visible on the chart.
HTF data is requested with lookahead=off (the safe default) to avoid look-ahead / repainting bias, so historical results reflect only data that was actually available at that time.
Inputs
Timeframe: the higher timeframe used for breakout detection (default: Daily)
Box History: number of past breakout zones kept on the chart
Border Color: box border color
How to use it?
Add the indicator to any chart. When a breakout box appears, the mid-zone (0–1) represents the breakout range itself; zones above/below represent potential extension targets or reaction areas traders commonly watch after a breakout.
This tool visualizes potential price targets after a range breakout — it does not generate buy/sell signals and should be combined with your own risk management and trade plan.
This indicator automatically draws Fibonacci extension zones on higher-timeframe (HTF) breakouts. Instead of manually drawing Fibonacci retracements after every swing, the script detects when price closes beyond the previous HTF bar's high or low, and then plots seven colored zones (boxes) extending from that breakout range using the 0, 1, 1.272, 1.786, and 2.272 Fibonacci ratios (and their negative-side equivalents).
How it works?
On each new HTF period (default: Daily), the script checks whether the current HTF close has broken above the prior HTF high (bullish) or below the prior HTF low (bearish).
If a breakout occurred, it takes the new period's high/low as the base range and calculates Fibonacci extension levels outward from that range using a custom scaling function.
Each level pair (e.g., 1–1.272, 1.272–1.786, etc.) is rendered as a colored box, updated live as the HTF period develops, and closed off once the period ends.
A configurable history limit (Box History) controls how many past breakout zones remain visible on the chart.
HTF data is requested with lookahead=off (the safe default) to avoid look-ahead / repainting bias, so historical results reflect only data that was actually available at that time.
Inputs
Timeframe: the higher timeframe used for breakout detection (default: Daily)
Box History: number of past breakout zones kept on the chart
Border Color: box border color
How to use it?
Add the indicator to any chart. When a breakout box appears, the mid-zone (0–1) represents the breakout range itself; zones above/below represent potential extension targets or reaction areas traders commonly watch after a breakout.
This tool visualizes potential price targets after a range breakout — it does not generate buy/sell signals and should be combined with your own risk management and trade plan.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.