NTS

This indicator is a trend and Fibonacci-based analysis tool. It calculates a dynamic trailing level using ATR-based formulas and projects Fibonacci retracement ratios (61.8%, 78.6%, 88.6%) between the trailing point and the extreme price. These levels are then plotted on the chart to highlight potential zones of interest during ongoing market trends.

The script also provides optional alerts for situations such as:

Trend direction changes,

Price reaching selected Fibonacci levels,

Price crossing above or below the trailing line.

The main purpose of this tool is to support chart analysis and educational study. It is not a buy/sell signal generator and does not provide financial advice. Traders may use the displayed information as part of their own strategies and risk management approach.