Automatic Fibonacci Tool

Description

Trade with Precision — Automatic Fibonacci Tool

Fibonacci retracements are one of the most trusted tools in technical analysis — helping traders identify key support and resistance zones where price reversals and continuations often occur. Traditionally, drawing Fibonacci levels requires manually selecting swing highs and lows — a time-consuming and subjective process.

That’s where the Automatic Fibonacci Tool comes in. Designed to save you time and eliminate guesswork, this smart indicator automatically identifies the optimal swing points based on your chart’s price action — and instantly draws accurate Fibonacci retracement levels for you.

Whether you’re analyzing trending or ranging markets, the Automatic Fibonacci Tool adapts to current market conditions. It detects trend direction automatically — drawing from low to high in uptrends and from high to low in downtrends. As trends shift, the tool updates in real time to ensure your Fibonacci analysis always aligns with the current market structure.

Customization is simple and intuitive — tailor how many bars the tool analyzes, adjust line colors, and define color zones for different retracement areas. Whether you’re a beginner or a pro, this tool will instantly boost your charting efficiency and trading precision.

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Key Features

✅ Automatic Fibonacci Drawing
No more manual point selection — swing highs/lows are identified for you.

✅ Adaptive to Market Trends
Automatically detects trend direction and updates drawing accordingly.

✅ Customizable Settings
Define how many candles to scan, adjust Fibonacci line width, and customize zone colors.

✅ Save Time, Reduce Errors
Eliminate subjective decisions and streamline your technical analysis.

✅ Perfect for All Traders
Suitable for scalping, day trading, swing trading, and long-term strategies.

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Input Settings

• BarsToScan → Number of candles used to determine high/low points.

• LevelsColour → Color of the Fibonacci lines.

• LevelsWidth → Thickness of Fibonacci lines.

• Zone 1 Colour → Color fill for 0% to 23.6% retracement.

• Zone 2 Colour → Color fill for 100% to 76.4% retracement.

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Trade Smarter with Automatic Fibonacci Levels

Stop wasting time manually drawing Fib levels — let the Automatic Fibonacci Tool do the work for you, so you can focus on making high-quality trading decisions.

👉 Add it to your charts today and take your technical analysis to the next level!