Fibo Swing MFI by julzALGO

OVERVIEW

Fibo Swing MFI by julzALGO blends MFI → RSI → Least-Squares smoothing to flag overbought/oversold swings and continuously plot Fibonacci retracements from the rolling high/low of the last 200 bars. It’s built to spot momentum shifts while giving you a clean, always-current fib map of the recent market range.

CORE PRINCIPLES

Hybrid Momentum Signal
- Uses MFI to integrate price and volume.
- Applies RSI to MFI for momentum clarity.
- Smooths the result with Least Squares regression to reduce noise.

Swing Identification
- Marks potential swing highs when momentum is overbought.
- Marks potential swing lows when momentum is oversold.

Fixed-Window Fibonacci Mapping
- Always calculates fib levels from the highest high and lowest low of the last 200 bars.
- This keeps fib zones consistent, independent of swing point detection.

Visual Clarity & Non-Repainting Logic
- Clean labels for OB/OS zones.
- Lines and levels update only as new bars confirm changes.

Adaptability
- Works on any market and timeframe.
- Adjustable momentum length, OB/OS thresholds, and smoothing.

HOW IT WORKS

- Computes Money Flow Index (MFI) from price & volume.
- Applies RSI to the MFI for clearer OB/OS momentum.
- Smooths the hybrid with a Least Squares (linear regression) filter.
- Swing labels appear when OB/OS conditions are met (green = swing low, red = swing high).
- Fibonacci retracements are always drawn from the highest high and lowest low of the last 200 bars (rolling window), independent of swing labels.

HOW TO USE

- Watch for OB/OS flips to mark potential swing highs/lows.
- Use the 200-bar fib grid as your active map of pullback levels and reaction zones.
- Combine fib reactions with your price action/volume cues for confirmation.
- Works across markets and timeframes.

SETTINGS

- Length – Period for both MFI and RSI.
- OB/OS Levels – Overbought/oversold thresholds (default 70/30).
- Smooth – Least-Squares smoothing length.
- Fibonacci Window – Fixed at 200 bars in this version (changeable in code via fibLen).

NOTES

- Logic is non-repainting aside from standard bar/label confirmation.
- Increase Length on very low timeframes to reduce noise.
- Swing labels help context; fibs are always based on the most recent 200-bar high/low range.

SUMMARY

Fibo Swing MFI by julzALGO is a momentum-plus-price action tool that merges MFI → RSI → smoothing to identify overbought/oversold swings and automatically plot Fibonacci retracements based on the rolling high/low of the last 200 bars. It’s designed to help traders quickly see potential reversal points and pullback zones, offering visual confluence between momentum shifts and fixed-window price structure.

DISCLAIMER

For educational purposes only. Not financial advice. Trade responsibly with proper risk management.