PROTECTED SOURCE SCRIPT
Swing Fib Zones
📐 Swing Fib Zones
The Swing Fib Zones indicator automatically or manually draws Fibonacci retracement & extension levels to highlight potential support, resistance, and target zones.
⚙️ Features
🔄 Auto Mode → Finds swing high/low using highest & lowest values over a chosen length.
✍️ Manual Mode → Set your own swing high/low for custom analysis.
🎯 Fibonacci Levels → Plots retracements (0.236 → 0.886) and extensions (1.272 → 2.0).
🌈 Color-Coded Zones for quick recognition:
🔶 Orange → 0.236, 0.382 (shallow pullbacks)
🟨 Yellow → 0.5 (midpoint)
🟦 Teal/Blue → 0.618, 0.65, 0.786, 0.886 (deep retracements)
🔻 Fuchsia/Red → 1.272, 1.618, 2.0 (extensions / trend targets)
⚪ Gray → Base levels (0.0, 1.0)
📊 How to Use
Use retracement levels to spot likely support/resistance zones.
Watch for extension levels as possible profit targets in trending markets.
Switch to manual mode for precision on larger patterns (Elliott waves, harmonics).
✅ A powerful tool for swing traders, Fibonacci traders, and technical analysts looking to map out the most important price levels on the chart.
The Swing Fib Zones indicator automatically or manually draws Fibonacci retracement & extension levels to highlight potential support, resistance, and target zones.
⚙️ Features
🔄 Auto Mode → Finds swing high/low using highest & lowest values over a chosen length.
✍️ Manual Mode → Set your own swing high/low for custom analysis.
🎯 Fibonacci Levels → Plots retracements (0.236 → 0.886) and extensions (1.272 → 2.0).
🌈 Color-Coded Zones for quick recognition:
🔶 Orange → 0.236, 0.382 (shallow pullbacks)
🟨 Yellow → 0.5 (midpoint)
🟦 Teal/Blue → 0.618, 0.65, 0.786, 0.886 (deep retracements)
🔻 Fuchsia/Red → 1.272, 1.618, 2.0 (extensions / trend targets)
⚪ Gray → Base levels (0.0, 1.0)
📊 How to Use
Use retracement levels to spot likely support/resistance zones.
Watch for extension levels as possible profit targets in trending markets.
Switch to manual mode for precision on larger patterns (Elliott waves, harmonics).
✅ A powerful tool for swing traders, Fibonacci traders, and technical analysts looking to map out the most important price levels on the chart.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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 – learn more here.
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.