Swing Fib Zones

📐 Swing Fib Zones

The Swing Fib Zones indicator automatically or manually draws Fibonacci retracement & extension levels to highlight potential support, resistance, and target zones.

⚙️ Features

🔄 Auto Mode → Finds swing high/low using highest & lowest values over a chosen length.

✍️ Manual Mode → Set your own swing high/low for custom analysis.

🎯 Fibonacci Levels → Plots retracements (0.236 → 0.886) and extensions (1.272 → 2.0).

🌈 Color-Coded Zones for quick recognition:

🔶 Orange → 0.236, 0.382 (shallow pullbacks)

🟨 Yellow → 0.5 (midpoint)

🟦 Teal/Blue → 0.618, 0.65, 0.786, 0.886 (deep retracements)

🔻 Fuchsia/Red → 1.272, 1.618, 2.0 (extensions / trend targets)

⚪ Gray → Base levels (0.0, 1.0)

📊 How to Use

Use retracement levels to spot likely support/resistance zones.

Watch for extension levels as possible profit targets in trending markets.

Switch to manual mode for precision on larger patterns (Elliott waves, harmonics).

✅ A powerful tool for swing traders, Fibonacci traders, and technical analysts looking to map out the most important price levels on the chart.