OPEN-SOURCE SCRIPT

3 Fib Strategy – Automatic Trend Fib Extension Confluence

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What This Script Does
✔ Auto-detects swing highs and lows

Using pivot detection, adjustable by the user.

✔ Builds 3 independent trend-based Fib extension projections

Measures:

Wave 1 → Wave 2 → Wave 3

Wave 2 → Wave 3 → Wave 4

Wave 3 → Wave 4 → Wave 5

✔ Calculates the exact fib levels:

1.0 (1:1 extension)

1.236 extension

1.382 extension

✔ Detects confluence zones

When all 3 fib measurement sets overlap at the same target:

Green label = 1:1 confluence

Orange label = 1.236–1.382 confluence

✔ Draws long dotted lines across the chart

So you can visually track confluence zones.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.