Fibonacci Levels v1.0 [Point Algo]

📌 Indicator Name:
Pointalgo Fibonacci Levels v1.0 — Auto Retracement & Breakout Signals
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🔍 Overview:
This indicator automatically plots key Fibonacci retracement levels (0.236, 0.382, 0.5, 0.618, 0.786) based on the recent high–low range.
It highlights potential support & resistance zones and generates Buy/Sell signals when price breaks above or below these key levels.
Designed for both trend-following and reversal traders, it combines classical Fibonacci logic with signal clarity and alerts.
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⚙️ Core Features:
🔸 Auto Fibonacci Level Detection:
• Plots retracement levels dynamically using lookback high/low
• Visual support & resistance zones on chart
• Works across all instruments and timeframes
🔸 Breakout Signal Logic:
• Buy Signal: Triggered when price crosses above 0.236 or 0.786 levels
• Sell Signal: Triggered when price crosses below 0.236 level
• Arrows plotted directly on chart for instant clarity
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📈 Visual Clarity:
🔸 Fibonacci retracement levels plotted in multiple colors
🔸 Clear arrow markers for Buy (green) and Sell (red) signals
🔸 Text labels ("LONG ↑", "SHORT ↓") for instant trade recognition
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🚀 Who is it for?
• Beginners learning Fibonacci-based trading
• Intraday traders who want quick breakout levels
• Swing traders spotting pullbacks within a trend
• Algo traders connecting alerts to automated systems
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⚠️ Disclaimer:
This indicator is a technical analysis tool and is for educational purposes only.
It does not guarantee profits, and past performance does not predict future outcomes.
Users should always apply proper risk management and validate signals before live trading.
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📌 Happy Trading!
— Pointalgo Team