FGW | dobofulop

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This indicator automatically detects recent swing highs and lows, then plots two Fibonacci-based retracement lines to highlight the “Golden Zone.” By default, it uses the 50% and 61.8% Fibonacci levels as potential support or resistance. The script can also fill the zone between these levels to visually emphasize possible reversal areas. Ideal for identifying key pullback zones in a trending market, the Fibonacci Golden Wave helps traders gauge where a correction might end and a trend may resume.