Quantum Fib & Liquidity Engine

Quantum Fib & Liquidity Engine [ZigZag Elite]
A dynamic Fibonacci retracement indicator that anchors to swing highs and lows using ZigZag pivot detection. Automatically identifies support/resistance levels and key retracement zones.
Core Functionality:
Dynamic Fibonacci Retracement System — Uses ZigZag pivot detection (ta.pivothigh/ta.pivotlow) to anchor retracement levels to the most recent swing high (resistance) and swing low (support). Updates when new pivots form, keeping levels aligned with market structure.
Golden Zone Identification — Highlights the 50%-61.8% retracement zone, a common reversal area.
Support & Resistance Detection — Displays current S/R levels as horizontal dashed lines, updated from ZigZag pivots.
Liquidity Pool Analysis — Identifies significant liquidity zones and detects sweeps when price crosses these levels.
Pattern Recognition — Detects Double Top and Double Bottom patterns with configurable tolerance.
Multi-Timeframe Compatibility — Functions across 1m, 5m, 15m, 1h, 4h, daily, and higher timeframes using a consistent pivot detection algorithm.
Technical Implementation:
The indicator uses ZigZag pivot analysis to identify swing points. Fibonacci levels are calculated from the most recent swing high and swing low, ensuring alignment with market structure rather than arbitrary price ranges. Drawing objects are updated dynamically to maintain accuracy without excessive object creation.
Configuration Options:
Structure Lookback — Controls swing detection sensitivity (default: 20 bars)
Feature Toggles — Enable/disable Golden Zone, Liquidity Pools, and Pattern Detection
Visual Customization — Adjust glow intensity and line transparency
Use Cases:
Identifying potential reversal zones within retracements
Locating support and resistance levels
Detecting liquidity sweeps and pattern formations
Multi-timeframe analysis
Designed for traders who require dynamic Fibonacci levels that adapt to market structure.