OPEN-SOURCE SCRIPT
Auto8 3.0
Auto8 3.0 is an automatic Fibonacci 1/8th Levels indicator (also known as Murrey Math Lines style). It dynamically calculates the highest high and lowest low over a user-defined lookback period (Fib Length, default 4096 bars), then divides that range into 8 equal parts. The script plots:
The 9 main levels (8/8 down to 0/8)
Several 1/16th intermediate lines
Upper and lower extensions (beyond the range)
Beautiful colored fills between each 1/8th zone
Clean right-side labels for every major level
It is fully automatic — it constantly updates as new highs/lows are made within the lookback window.
Main Use Cases:
High-Probability Support & Resistance
The 1/8th levels (especially 0/8, 2/8, 4/8, 6/8, 8/8) act as major psychological and institutional zones where price frequently reacts.
Market Structure & Bias Determination Price trading above 4/8 → Bullish structure
Price trading below 4/8 → Bearish structure
4/8 level often acts as a strong magnet (mean reversion point).
Zone Trading
Traders use the colored zones for:Buying in lower zones (1/8 – 3/8)
Selling in upper zones (5/8 – 7/8)
Breakout confirmation when price decisively breaks and holds a level
Very popular among Forex, Index, and Commodity traders on Daily, Weekly, and Monthly timeframes.
Key Strengths: Clean, visually appealing zone fills
Automatic — no manual drawing needed
Works on all instruments and timeframes
Good for identifying overextended moves (price at 8/8 or 0/8)
Typical Trading Style:
Swing trading, positional trading, and ICT/SMC traders who love Fair Value Gaps + Order Blocks + Fibonacci/Murrey levels.
The 9 main levels (8/8 down to 0/8)
Several 1/16th intermediate lines
Upper and lower extensions (beyond the range)
Beautiful colored fills between each 1/8th zone
Clean right-side labels for every major level
It is fully automatic — it constantly updates as new highs/lows are made within the lookback window.
Main Use Cases:
High-Probability Support & Resistance
The 1/8th levels (especially 0/8, 2/8, 4/8, 6/8, 8/8) act as major psychological and institutional zones where price frequently reacts.
Market Structure & Bias Determination Price trading above 4/8 → Bullish structure
Price trading below 4/8 → Bearish structure
4/8 level often acts as a strong magnet (mean reversion point).
Zone Trading
Traders use the colored zones for:Buying in lower zones (1/8 – 3/8)
Selling in upper zones (5/8 – 7/8)
Breakout confirmation when price decisively breaks and holds a level
Very popular among Forex, Index, and Commodity traders on Daily, Weekly, and Monthly timeframes.
Key Strengths: Clean, visually appealing zone fills
Automatic — no manual drawing needed
Works on all instruments and timeframes
Good for identifying overextended moves (price at 8/8 or 0/8)
Typical Trading Style:
Swing trading, positional trading, and ICT/SMC traders who love Fair Value Gaps + Order Blocks + Fibonacci/Murrey levels.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip sumber terbuka
Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.