OPEN-SOURCE SCRIPT
Macro Fibo LookBack
Auto Macro Fibonacci (
Overview
Drawing Fibonacci retracements manually on higher timeframes can often be subjective and tedious. The Auto Macro Fibonacci indicator automates this process by scanning a user-defined historical period (lookback) to identify the absolute macro peak and trough, instantly plotting a flawless, rule-based Fibonacci retracement.
Whether you are looking for deep pullbacks, harmonic pattern completion zones, or major structural support/resistance, this tool filters out the intraday noise and focuses on the big picture.
Key Features
Smart Lookback Engine: Scans the last X bars (default is 300) to find the true macro high and low. You can easily expand this to 500 or 1000 bars to capture multi-year trends.
Auto Trend Detection: The algorithm mathematically calculates which pivot happened first, automatically determining if the macro trend is bullish or bearish, and aligns the 0.0 and 1.0 anchor levels correctly.
Custom Directional Control: Prefer your Fibo anchors drawn differently? Use the settings menu to override the auto-detection and force the draw from "Left to Right" or "Right to Left" to suit your personal trading style.
Includes the 0.886 Level: By default, this indicator includes the 0.886 retracement level, a critical zone for Harmonic pattern traders (specifically the Bat form) and deep liquidity grabs.
Performance Optimized: Built with a custom garbage-collection system (memory management). It dynamically deletes old historical lines on every tick, ensuring it runs lightning-fast on live markets without lagging your chart or hitting TradingView's drawing limits.
Minimalist UI: Designed to keep your charts clean. A single color setting applies to the entire Fibonacci web and the macro dashed trendline, with carefully balanced transparency levels so it doesn't distract from price action.
How to Use
Lookback Period (Bars): Adjust this number to widen or narrow the indicator's field of vision. Smaller numbers (e.g., 100) will catch intermediate swings, while larger numbers (e.g., 500+) will catch major cycle highs and lows.
Fibo Direction: Leave it on "Automatic" for algorithmic trend plotting, or manually flip the 0.0 and 1.0 levels.
Lines Color: Pick one color to seamlessly theme the entire indicator.
Disclaimer: This script is for educational and analytical purposes only. Always use proper risk management.
Overview
Drawing Fibonacci retracements manually on higher timeframes can often be subjective and tedious. The Auto Macro Fibonacci indicator automates this process by scanning a user-defined historical period (lookback) to identify the absolute macro peak and trough, instantly plotting a flawless, rule-based Fibonacci retracement.
Whether you are looking for deep pullbacks, harmonic pattern completion zones, or major structural support/resistance, this tool filters out the intraday noise and focuses on the big picture.
Key Features
Smart Lookback Engine: Scans the last X bars (default is 300) to find the true macro high and low. You can easily expand this to 500 or 1000 bars to capture multi-year trends.
Auto Trend Detection: The algorithm mathematically calculates which pivot happened first, automatically determining if the macro trend is bullish or bearish, and aligns the 0.0 and 1.0 anchor levels correctly.
Custom Directional Control: Prefer your Fibo anchors drawn differently? Use the settings menu to override the auto-detection and force the draw from "Left to Right" or "Right to Left" to suit your personal trading style.
Includes the 0.886 Level: By default, this indicator includes the 0.886 retracement level, a critical zone for Harmonic pattern traders (specifically the Bat form) and deep liquidity grabs.
Performance Optimized: Built with a custom garbage-collection system (memory management). It dynamically deletes old historical lines on every tick, ensuring it runs lightning-fast on live markets without lagging your chart or hitting TradingView's drawing limits.
Minimalist UI: Designed to keep your charts clean. A single color setting applies to the entire Fibonacci web and the macro dashed trendline, with carefully balanced transparency levels so it doesn't distract from price action.
How to Use
Lookback Period (Bars): Adjust this number to widen or narrow the indicator's field of vision. Smaller numbers (e.g., 100) will catch intermediate swings, while larger numbers (e.g., 500+) will catch major cycle highs and lows.
Fibo Direction: Leave it on "Automatic" for algorithmic trend plotting, or manually flip the 0.0 and 1.0 levels.
Lines Color: Pick one color to seamlessly theme the entire indicator.
Disclaimer: This script is for educational and analytical purposes only. Always use proper risk management.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.