Adaptive Trend-Based Fib Extension + Trendlines

This advanced analysis tool is designed to take the guesswork out of Fibonacci trading. By combining Adaptive Fibonacci Extensions with multi-method Pivot Detection, Dynamic Trendlines, and Horizontal Support/Resistance, this indicator provides a comprehensive roadmap for any market trend.

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Key Features

1. Adaptive Fibonacci Engine: Unlike static tools, this indicator uses an ATR-based adaptive factor to adjust extension levels according to current market volatility.
   
2. Smart Trend Detection: Automatically identifies trend direction using EMA cross-overs or Higher High/Higher Low sequences to determine whether to plot Bullish or Bearish extensions.
   
3. Multi-Method Pivots: Choose from six different pivot detection methods, including Volume-Based, Fractal, ATR-Based, and Long Wick detection, to suit your specific trading style.
   
4. Automated Trendlines & S/R: High-probability diagonal trendlines and horizontal S/R levels are drawn only when they meet a minimum "touch" requirement and volume confirmation.
   
5. Institutional Zones: Highlights the "Golden Zone" between the 127.2% and 161.8% extension levels, where trends often reach exhaustion or find major targets.
   

How to Use

1. Trend Alignment: Use the built-in Dashboard to quickly identify the current trend (Bull/Bear) and RSI momentum.
   
2. The 3-Point Setup: The indicator automatically finds Point 1 (Trend Start), Point 2 (Impulse End), and Point 3 (Retracement/Last Touch) to project future price targets.
   
3. Entry Confirmation: Look for price action near the 61.8% or 78.6% Retracement levels for high-probability entries in the direction of the trend.
   
4. Targeting: Use the extension levels (100%, 127.2%, 161.8%) as your primary Take Profit zones.
   
5. Confluence: The strongest setups occur when a Fibonacci level aligns perfectly with a Horizontal S/R line or a Diagonal Trendline.
   

Technical Settings

1. Pivot Settings: Adjust 'Left' and 'Right' bars to change the sensitivity of swing high/low detection.
   
2. Fib Timeframe: You can anchor Fibonacci levels to a higher timeframe (e.g., 1-hour levels) while trading on a lower timeframe (e.g., 5-minute).
   
3. Volume Multiplier: Filter for horizontal levels that were formed with significant institutional volume.
   

Disclaimer: Trading involves significant risk. This tool is for educational and analytical purposes only and should be used in conjunction with a complete trading plan.