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.
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.