Fibonacci Retracement [KTY]

[KTY] Fibonacci Retracement

Hi, I'm Kim Thank You 👋
KTY = Kim Thank You (김땡큐)

Automatically detects swing highs and lows to display Fibonacci retracement and extension levels.

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📊 FEATURES

- Auto-Detection
- Identifies swing highs and lows automatically
- Displays retracement levels: 0.236, 0.382, 0.5, 0.618, 0.786, 0.886
- Displays extension levels: 1.272, 1.414, 1.618, 2.0, 2.618

- Trend Direction
- Uptrend: Measures retracement from high
- Downtrend: Measures retracement from low

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✅ HOW TO USE

- Watch for support/resistance reactions at key Fibonacci levels
- Break of key level → Check for move to next level
- Golden ratio (0.618) is often the strongest level
- Confluence with other S/R levels increases reliability

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💡 TIPS

- Higher timeframe Fibonacci levels are more reliable
- Watch for price reaction + volume confirmation
- Use with trendlines or moving averages
- Multiple rejections at same level = stronger zone

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⚠️ DISCLAIMER

This indicator is for educational purposes only.
Not financial advice. Always do your own research.