Fibonacci Retracement [KTY]

[KTY] Fibonacci Retracement

Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)

Automatically detects swing highs and lows to display Fibonacci retracement and extension levels.

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

📊 FEATURES

- Auto-Detection
- Identifies swing highs and lows automatically
- Displays retracement levels: 0.236, 0.382, 0.5, 0.618, 0.786, 0.886
- Displays extension levels: 1.272, 1.414, 1.618, 2.0, 2.618

- Trend Direction
- Uptrend: Measures retracement from high
- Downtrend: Measures retracement from low

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

✅ HOW TO USE

- Watch for support/resistance reactions at key Fibonacci levels
- Break of key level → Check for move to next level
- Golden ratio (0.618) is often the strongest level
- Confluence with other S/R levels increases reliability

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

💡 TIPS

- Higher timeframe Fibonacci levels are more reliable
- Watch for price reaction + volume confirmation
- Use with trendlines or moving averages
- Multiple rejections at same level = stronger zone

━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━

⚠️ DISCLAIMER

This indicator is for educational purposes only.
Not financial advice. Always do your own research.

开源脚本

秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。

Coin-TeacherKim

Hi, I'm Kim Thank You 👋

KTY = Kim Thank You (김땡큐)

After years of trading, I've studied countless technical analysis methods.

Now I create and share indicators based on that experience 📊

免责声明

这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。

开源脚本

Coin-TeacherKim