OPEN-SOURCE SCRIPT
Roy Fibonacci Zone Meter
ROY FIBONACCI ZONE METER
Roy Fibonacci Zone Meter is an advanced Fibonacci-based market structure and zone strength indicator designed to help traders visualize market positioning, trend direction, support & resistance interaction, and real-time Fibonacci pressure zones in a clean and mobile-friendly dashboard.
Unlike traditional Fibonacci retracement tools that require manual drawing, this indicator automatically creates a dynamic Fibonacci channel using live market range detection and transforms it into a smart probability-based zone meter system.
This indicator is specially optimized for TradingView mobile users with a compact dashboard layout that minimizes chart clutter while still providing powerful market structure analysis.
━━━━━━━━━━━━━━━━━━
FEATURES
• Automatic Fibonacci Channel
• Smart Zone Strength Meter
• Uptrend / Downtrend / Sideway Detection
• Real-Time Price Position Analysis
• Dynamic Support & Resistance Zones
• Active Fibonacci Zone Detection
• Market Mode Analysis
• EMA Trend Filter
• Mobile-Friendly Compact Dashboard
• Dynamic Fibonacci Heatmap
• Zone Interaction Probability System
━━━━━━━━━━━━━━━━━━
FIBONACCI STRUCTURE
The indicator automatically calculates Fibonacci zones using the highest and lowest market range based on the selected lookback period.
Main Fibonacci Zones:
• 1.000 → Extreme Resistance
• 0.764 → Upper Resistance Zone
• 0.618 → Sell Pressure Zone
• 0.500 → Equilibrium / Golden Zone
• 0.382 → Mid Support Zone
• 0.236 → Lower Support Zone
• 0.000 → Extreme Support
━━━━━━━━━━━━━━━━━━
HOW TO READ THE INDICATOR
1. TREND
The Trend section automatically detects current market direction.
• UPTREND
→ Buyers are dominant.
• DOWNTREND
→ Sellers are dominant.
• SIDEWAY
→ Market is ranging without strong direction.
━━━━━━━━━━━━━━━━━━
2. ACTIVE ZONE
Shows the current Fibonacci area where price is trading.
Example:
0.382 ↔ 0.500
This means price is currently moving between the 0.382 and 0.500 Fibonacci zones.
━━━━━━━━━━━━━━━━━━
3. POWER
Displays the strongest Fibonacci interaction level currently affecting the market.
Example:
99% VERY STRONG
This means price is heavily interacting with an important Fibonacci zone and reaction probability is high.
━━━━━━━━━━━━━━━━━━
4. POSITION %
Shows where current price is located within the entire Fibonacci range.
Example:
• 80%+ → Near upper resistance
• 50% → Equilibrium zone
• Below 30% → Near support area
━━━━━━━━━━━━━━━━━━
5. MARKET MODE
The indicator detects current market behavior.
Possible readings:
• ACCUMULATION
→ Sideway / balance market.
• BULL FLOW
→ Healthy bullish continuation.
• BULL EXP
→ Strong bullish expansion.
• BEAR FLOW
→ Healthy bearish continuation.
• BEAR EXP
→ Strong bearish expansion.
━━━━━━━━━━━━━━━━━━
6. BIAS
Shows current market bias.
Possible readings:
• BUY AREA
• SELL AREA
• TAKE PROFIT AREA
• NEUTRAL
• WAIT
This helps traders identify possible market conditions without relying on traditional buy/sell signals.
━━━━━━━━━━━━━━━━━━
7. FIB ZONE METER
The Fibonacci Zone Meter displays the interaction strength between current price and each Fibonacci level.
Higher percentage means:
• Price is closer to that Fibonacci level
• Market interaction is stronger
• Higher probability of support/resistance reaction
Example:
0.382 → 99%
This means price is strongly interacting with the 0.382 support zone.
━━━━━━━━━━━━━━━━━━
HOW TO USE
BEST METHOD:
1. Identify overall trend direction
2. Observe Active Zone location
3. Watch which Fibonacci zone has highest strength
4. Combine with:
• Price Action
• Volume
• EMA Trend
• Market Structure
• Liquidity Sweep
• Higher Timeframe Confirmation
━━━━━━━━━━━━━━━━━━
EXAMPLE USAGE
UPTREND:
• Wait for retracement into:
• 0.382
• 0.500
• 0.618
• Look for bullish candle confirmation.
DOWNTREND:
• Wait for pullback into resistance zones.
• Watch for bearish rejection.
SIDEWAY MARKET:
• Trade inside support & resistance ranges carefully.
━━━━━━━━━━━━━━━━━━
BEST TIMEFRAMES
• Scalping → M1 / M5
• Intraday → M15 / M30
• Swing → H1 / H4
• Position → Daily
━━━━━━━━━━━━━━━━━━
DISCLAIMER
This indicator is designed for educational and analytical purposes only. Always use proper risk management before entering any trade.
Roy Fibonacci Zone Meter is an advanced Fibonacci-based market structure and zone strength indicator designed to help traders visualize market positioning, trend direction, support & resistance interaction, and real-time Fibonacci pressure zones in a clean and mobile-friendly dashboard.
Unlike traditional Fibonacci retracement tools that require manual drawing, this indicator automatically creates a dynamic Fibonacci channel using live market range detection and transforms it into a smart probability-based zone meter system.
This indicator is specially optimized for TradingView mobile users with a compact dashboard layout that minimizes chart clutter while still providing powerful market structure analysis.
━━━━━━━━━━━━━━━━━━
FEATURES
• Automatic Fibonacci Channel
• Smart Zone Strength Meter
• Uptrend / Downtrend / Sideway Detection
• Real-Time Price Position Analysis
• Dynamic Support & Resistance Zones
• Active Fibonacci Zone Detection
• Market Mode Analysis
• EMA Trend Filter
• Mobile-Friendly Compact Dashboard
• Dynamic Fibonacci Heatmap
• Zone Interaction Probability System
━━━━━━━━━━━━━━━━━━
FIBONACCI STRUCTURE
The indicator automatically calculates Fibonacci zones using the highest and lowest market range based on the selected lookback period.
Main Fibonacci Zones:
• 1.000 → Extreme Resistance
• 0.764 → Upper Resistance Zone
• 0.618 → Sell Pressure Zone
• 0.500 → Equilibrium / Golden Zone
• 0.382 → Mid Support Zone
• 0.236 → Lower Support Zone
• 0.000 → Extreme Support
━━━━━━━━━━━━━━━━━━
HOW TO READ THE INDICATOR
1. TREND
The Trend section automatically detects current market direction.
• UPTREND
→ Buyers are dominant.
• DOWNTREND
→ Sellers are dominant.
• SIDEWAY
→ Market is ranging without strong direction.
━━━━━━━━━━━━━━━━━━
2. ACTIVE ZONE
Shows the current Fibonacci area where price is trading.
Example:
0.382 ↔ 0.500
This means price is currently moving between the 0.382 and 0.500 Fibonacci zones.
━━━━━━━━━━━━━━━━━━
3. POWER
Displays the strongest Fibonacci interaction level currently affecting the market.
Example:
99% VERY STRONG
This means price is heavily interacting with an important Fibonacci zone and reaction probability is high.
━━━━━━━━━━━━━━━━━━
4. POSITION %
Shows where current price is located within the entire Fibonacci range.
Example:
• 80%+ → Near upper resistance
• 50% → Equilibrium zone
• Below 30% → Near support area
━━━━━━━━━━━━━━━━━━
5. MARKET MODE
The indicator detects current market behavior.
Possible readings:
• ACCUMULATION
→ Sideway / balance market.
• BULL FLOW
→ Healthy bullish continuation.
• BULL EXP
→ Strong bullish expansion.
• BEAR FLOW
→ Healthy bearish continuation.
• BEAR EXP
→ Strong bearish expansion.
━━━━━━━━━━━━━━━━━━
6. BIAS
Shows current market bias.
Possible readings:
• BUY AREA
• SELL AREA
• TAKE PROFIT AREA
• NEUTRAL
• WAIT
This helps traders identify possible market conditions without relying on traditional buy/sell signals.
━━━━━━━━━━━━━━━━━━
7. FIB ZONE METER
The Fibonacci Zone Meter displays the interaction strength between current price and each Fibonacci level.
Higher percentage means:
• Price is closer to that Fibonacci level
• Market interaction is stronger
• Higher probability of support/resistance reaction
Example:
0.382 → 99%
This means price is strongly interacting with the 0.382 support zone.
━━━━━━━━━━━━━━━━━━
HOW TO USE
BEST METHOD:
1. Identify overall trend direction
2. Observe Active Zone location
3. Watch which Fibonacci zone has highest strength
4. Combine with:
• Price Action
• Volume
• EMA Trend
• Market Structure
• Liquidity Sweep
• Higher Timeframe Confirmation
━━━━━━━━━━━━━━━━━━
EXAMPLE USAGE
UPTREND:
• Wait for retracement into:
• 0.382
• 0.500
• 0.618
• Look for bullish candle confirmation.
DOWNTREND:
• Wait for pullback into resistance zones.
• Watch for bearish rejection.
SIDEWAY MARKET:
• Trade inside support & resistance ranges carefully.
━━━━━━━━━━━━━━━━━━
BEST TIMEFRAMES
• Scalping → M1 / M5
• Intraday → M15 / M30
• Swing → H1 / H4
• Position → Daily
━━━━━━━━━━━━━━━━━━
DISCLAIMER
This indicator is designed for educational and analytical purposes only. Always use proper risk management before entering any trade.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.
Skrypt open-source
W zgodzie z duchem TradingView twórca tego skryptu udostępnił go jako open-source, aby użytkownicy mogli przejrzeć i zweryfikować jego działanie. Ukłony dla autora. Korzystanie jest bezpłatne, jednak ponowna publikacja kodu podlega naszym Zasadom serwisu.
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.