Fib Golden Ratio

Dynamic Fib High → Low (0.5 & 0.618)

This indicator automatically tracks the current day’s High and Low and plots the key Fibonacci retracement levels 0.5 (50%) and 0.618 (Golden Ratio) based on the live intraday price range.

The tool is designed for traders who want simple, clean, and dynamic intraday Fibonacci levels without clutter on the chart.

How It Works
Detects the start of a new trading day
Tracks the highest high and lowest low of the current day
Continuously recalculates:
Fibonacci 0.5 (Midpoint)
Fibonacci 0.618 (Golden Ratio)
Plots clean continuous lines across the chart
Fib is calculated from High → Low, matching how typical intraday fib tools are visually applied

Why This Indicator
No drawings to manually adjust
No user configuration required
Extremely lightweight and fast
Automatically adjusts as the day progresses
Perfect for identifying intraday mean reversion zones, pullback zones, and reaction levels

Ideal Use Cases
Intraday directional trading
Scalping pullbacks
Mean reversion setups
Identifying dynamic support/resistance zones
Option scalping (CE/PE)