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Fibonacci with Golden Zone - Trend Aware

๐ฏ What This Indicator Does:
This advanced Fibonacci tool automatically detects trend direction and adapts Golden Zone calculations accordingly, providing dynamic support/resistance levels with market structure analysis.
โจ Key Features:
๐ Trend-Aware Golden Zone: Automatically adjusts 61.8%-78.6% zone based on market direction
๐ Market Structure Labels: Shows HH, HL, LH, LL patterns with price levels
๐ฏ Smart Fibonacci Levels: Retracements (0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%)
๐ Extension Targets: 127.2%, 161.8%, 200%, 261.8% projections
๐ Pivot Points: Optional daily/weekly pivot levels
๐ Smart Alerts: Golden Zone entry and extension target alerts
๐ง How It Works:
Uptrend: Golden Zone acts as support (retracement from swing high)
Downtrend: Golden Zone acts as resistance (retracement from swing low)
Auto-Detection: Uses trend MA to determine market direction
Structure Analysis: Identifies swing patterns for better entries
โ๏ธ Settings:
Lookback Period: Swing detection sensitivity (5-50)
Trend Period: Moving average for trend detection (20-200)
Golden Zone: Toggle 61.8%-78.6% zone display
Market Structure: Show HH/HL/LH/LL labels
Pivot Points: Optional daily pivot levels
๐ Best Use Cases:
๐ฅ Gold/Forex Trading: Perfect for XAUUSD analysis
๐ Swing Trading: Identify key reversal zones
๐ฏ Target Setting: Extension levels for profit taking
๐ Trend Following: Align trades with market direction
๐จ Visual Features:
๐ก Golden Zone Box: Highlighted support/resistance area
๐ท๏ธ Price Labels: Exact levels on all Fibonacci lines
๐จ Color Coding: Green for uptrend, Red for downtrend
๐ฑ Clean Interface: Professional, non-cluttered design
๐ Alert System:
๐ Price entering Golden Zone
๐ฏ Approaching extension targets (127.2%, 161.8%)
๐ Includes trend direction in alerts
This advanced Fibonacci tool automatically detects trend direction and adapts Golden Zone calculations accordingly, providing dynamic support/resistance levels with market structure analysis.
โจ Key Features:
๐ Trend-Aware Golden Zone: Automatically adjusts 61.8%-78.6% zone based on market direction
๐ Market Structure Labels: Shows HH, HL, LH, LL patterns with price levels
๐ฏ Smart Fibonacci Levels: Retracements (0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%)
๐ Extension Targets: 127.2%, 161.8%, 200%, 261.8% projections
๐ Pivot Points: Optional daily/weekly pivot levels
๐ Smart Alerts: Golden Zone entry and extension target alerts
๐ง How It Works:
Uptrend: Golden Zone acts as support (retracement from swing high)
Downtrend: Golden Zone acts as resistance (retracement from swing low)
Auto-Detection: Uses trend MA to determine market direction
Structure Analysis: Identifies swing patterns for better entries
โ๏ธ Settings:
Lookback Period: Swing detection sensitivity (5-50)
Trend Period: Moving average for trend detection (20-200)
Golden Zone: Toggle 61.8%-78.6% zone display
Market Structure: Show HH/HL/LH/LL labels
Pivot Points: Optional daily pivot levels
๐ Best Use Cases:
๐ฅ Gold/Forex Trading: Perfect for XAUUSD analysis
๐ Swing Trading: Identify key reversal zones
๐ฏ Target Setting: Extension levels for profit taking
๐ Trend Following: Align trades with market direction
๐จ Visual Features:
๐ก Golden Zone Box: Highlighted support/resistance area
๐ท๏ธ Price Labels: Exact levels on all Fibonacci lines
๐จ Color Coding: Green for uptrend, Red for downtrend
๐ฑ Clean Interface: Professional, non-cluttered design
๐ Alert System:
๐ Price entering Golden Zone
๐ฏ Approaching extension targets (127.2%, 161.8%)
๐ Includes trend direction in alerts
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations โ learn more here.
telegram: @jass7288
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations โ learn more here.
telegram: @jass7288
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.