OPEN-SOURCE SCRIPT
Rolling Session Fibonacci Map v1.2
Rolling Session Fibonacci Map
Overview
This indicator provides a structured way to analyze price position using Fibonacci retracement levels anchored to a rolling time-based session.
Instead of manually drawing Fibonacci levels, the script automatically defines a session range (Daily, Weekly, Monthly, or Yearly) and continuously updates its high and low values as the session evolves.
The result is a consistent and repeatable reference framework for observing how price behaves within a defined range.
How It Works
A session is defined using a selected time period (Daily, Weekly, Monthly, or Yearly), a custom anchor time (hour and minute), and a chosen timezone.
During the active session, the highest and lowest prices are tracked dynamically.
Fibonacci levels are calculated between these two points and updated in real time as new highs or lows are formed.
The indicator plots standard Fibonacci levels from 0 to 1, optional background zones between these levels, and a diagonal reference line representing the full session range.
A reference panel displays the current Fibonacci zone, the price range of that zone, the nearest lower and upper reference levels, and the relative position of price compared to the diagonal line.
How to Use
This indicator is designed as a reference layer rather than a trading signal generator.
It can be used to identify where price is located within the current session range, observe how price reacts at different Fibonacci zones, and compare price positioning across multiple timeframes.
It is also suitable to be used alongside other tools such as trend or momentum indicators to provide additional context.
Important Notes
This script does not generate buy or sell signals.
Fibonacci levels are derived strictly from the selected session range and should be interpreted as contextual reference zones.
The diagonal line is a visual reference and does not represent a predictive model.
Disclaimer
This indicator is intended for analytical and educational purposes only.
It does not provide financial advice or trading recommendations.
Overview
This indicator provides a structured way to analyze price position using Fibonacci retracement levels anchored to a rolling time-based session.
Instead of manually drawing Fibonacci levels, the script automatically defines a session range (Daily, Weekly, Monthly, or Yearly) and continuously updates its high and low values as the session evolves.
The result is a consistent and repeatable reference framework for observing how price behaves within a defined range.
How It Works
A session is defined using a selected time period (Daily, Weekly, Monthly, or Yearly), a custom anchor time (hour and minute), and a chosen timezone.
During the active session, the highest and lowest prices are tracked dynamically.
Fibonacci levels are calculated between these two points and updated in real time as new highs or lows are formed.
The indicator plots standard Fibonacci levels from 0 to 1, optional background zones between these levels, and a diagonal reference line representing the full session range.
A reference panel displays the current Fibonacci zone, the price range of that zone, the nearest lower and upper reference levels, and the relative position of price compared to the diagonal line.
How to Use
This indicator is designed as a reference layer rather than a trading signal generator.
It can be used to identify where price is located within the current session range, observe how price reacts at different Fibonacci zones, and compare price positioning across multiple timeframes.
It is also suitable to be used alongside other tools such as trend or momentum indicators to provide additional context.
Important Notes
This script does not generate buy or sell signals.
Fibonacci levels are derived strictly from the selected session range and should be interpreted as contextual reference zones.
The diagonal line is a visual reference and does not represent a predictive model.
Disclaimer
This indicator is intended for analytical and educational purposes only.
It does not provide financial advice or trading recommendations.
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.