INVITE-ONLY SCRIPT
Opit78 Auto Overbalance & Fibo
This is a comprehensive automated tool for Market Geometry and Fibonacci Analysis. It combines the classic Overbalance (1:1) methodology with a fully automated, dynamic Fibonacci Grid to help traders identify high-probability reversal zones, trend continuations, and price targets.
The indicator automatically detects the main market structure using a ZigZag algorithm and then projects key levels based on the most recent active swing.
核心 Features (Key Features):
1. Auto Overbalance (1:1 Geometry)
The indicator scans the current trend to find the largest correction that has occurred within the active impulse.
It projects a Gray Box (Pattern) representing this largest historical correction.
It projects a Colored Box (Support/Resistance) at the current price action.
Green Box: Support Zone in an Uptrend.
Red Box: Resistance Zone in a Downtrend.
Trading Logic: As long as the price respects this box, the trend is considered valid. A breakout suggests a potential trend reversal (Overbalance condition).
2. Dynamic Fibonacci Grid
Automatically draws Fibonacci levels from the start (Point A) to the end (Point B) of the current ZigZag leg.
Retracements: Includes standard levels like 38.2%, 50.0%, and the "Golden Pocket" 61.8% to catch pullbacks.
Extensions & Targets: Includes negative levels -27.2% and -61.8% to help identify Take Profit zones after a breakout.
Deep Levels: Includes 127.2% and 161.8% to identify potential "Stop Hunts" or exhaustion points (False Breakouts).
3. Smart Visualization & Customization
Clean Charts: Optimized rendering ensures crisp lines and boxes on live candles without visual clutter or stacking artifacts.
Full Control: You can toggle every Fibonacci level individually.
Style Options: Customize line styles (Solid, Dotted, Dashed), colors, and line thickness.
Color Modes: Choose between independent colors or "Match Trend" mode, where Fibonacci lines automatically adapt to the bullish (Green) or bearish (Red) market structure.
How to Use:
Trend Continuation: Look for confluence. If the price pulls back into the Colored Overbalance Box and aligns with a key Fibonacci level (e.g., 50% or 61.8%), this is a strong zone to look for trend-following entries.
Targeting: If the trend resumes and breaks the recent high/low, use the -27.2% and -61.8% extension lines as potential profit-taking levels.
Trend Reversal: If the price closes firmly beyond the Overbalance Box (breaking the 1:1 geometry), the current trend may be over.
Settings:
ZigZag Sensitivity: Adjust Depth, Deviation, and Backstep to fit your timeframe.
Visuals: Toggle Backgrounds, Borders, and Labels on/off to keep your chart clean.
Fibo Levels: Enable or disable specific levels (e.g., turn off 23.6% if you only trade deep pullbacks).
The indicator automatically detects the main market structure using a ZigZag algorithm and then projects key levels based on the most recent active swing.
核心 Features (Key Features):
1. Auto Overbalance (1:1 Geometry)
The indicator scans the current trend to find the largest correction that has occurred within the active impulse.
It projects a Gray Box (Pattern) representing this largest historical correction.
It projects a Colored Box (Support/Resistance) at the current price action.
Green Box: Support Zone in an Uptrend.
Red Box: Resistance Zone in a Downtrend.
Trading Logic: As long as the price respects this box, the trend is considered valid. A breakout suggests a potential trend reversal (Overbalance condition).
2. Dynamic Fibonacci Grid
Automatically draws Fibonacci levels from the start (Point A) to the end (Point B) of the current ZigZag leg.
Retracements: Includes standard levels like 38.2%, 50.0%, and the "Golden Pocket" 61.8% to catch pullbacks.
Extensions & Targets: Includes negative levels -27.2% and -61.8% to help identify Take Profit zones after a breakout.
Deep Levels: Includes 127.2% and 161.8% to identify potential "Stop Hunts" or exhaustion points (False Breakouts).
3. Smart Visualization & Customization
Clean Charts: Optimized rendering ensures crisp lines and boxes on live candles without visual clutter or stacking artifacts.
Full Control: You can toggle every Fibonacci level individually.
Style Options: Customize line styles (Solid, Dotted, Dashed), colors, and line thickness.
Color Modes: Choose between independent colors or "Match Trend" mode, where Fibonacci lines automatically adapt to the bullish (Green) or bearish (Red) market structure.
How to Use:
Trend Continuation: Look for confluence. If the price pulls back into the Colored Overbalance Box and aligns with a key Fibonacci level (e.g., 50% or 61.8%), this is a strong zone to look for trend-following entries.
Targeting: If the trend resumes and breaks the recent high/low, use the -27.2% and -61.8% extension lines as potential profit-taking levels.
Trend Reversal: If the price closes firmly beyond the Overbalance Box (breaking the 1:1 geometry), the current trend may be over.
Settings:
ZigZag Sensitivity: Adjust Depth, Deviation, and Backstep to fit your timeframe.
Visuals: Toggle Backgrounds, Borders, and Labels on/off to keep your chart clean.
Fibo Levels: Enable or disable specific levels (e.g., turn off 23.6% if you only trade deep pullbacks).
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系opit78。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
This script is Invite-Only. To request access, please send me a Private Message (PM) here on TradingView. I will review your request and grant access as soon as possible.
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。
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系opit78。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
This script is Invite-Only. To request access, please send me a Private Message (PM) here on TradingView. I will review your request and grant access as soon as possible.
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。