Auto-Fibonacci Levels [ChartWhizzperer]

Auto-Fibonacci Levels [ChartWhizzperer]

Discover one of the most elegant and flexible Fibonacci indicators for TradingView – fully automatic, tastefully understated, and built entirely in Pine Script V6.

Key Features:
- Automatically detects the most recent swing high and swing low.
- Plots Fibonacci retracement levels and extensions (including 161.8%, 261.8%) perfectly aligned
to the prevailing trend.
- Distinctive, dashed lines with crystal-clear price labels right at the price scale
for maximum clarity.
- Line length and label offset are fully customisable for your charting preference.
- Absolutely no repainting: Only confirmed swings are used for reliable signals.
- Parameter: "Swing Detection Length"
The “Swing Detection Length” parameter determines how many bars must appear to the left and right of a potential high or low for it to be recognised as a significant swing point.
- Higher values make the script less sensitive (only major turning points are detected).
- Lower values make it more responsive to minor fluctuations (more fibs, more signals).

For best results, adjust this setting according to your preferred timeframe and trading style.

Pro Tip:
Fibonacci levels refresh automatically whenever a new swing is confirmed.
Ideal for price action enthusiasts and Fibonacci purists alike.

Licence:
// Licence: CC BY-NC-SA 4.0 – Non-commercial use only, attribution required.
// © ChartWhizzperer

Release Notes

Auto-Fibonacci Levels [ChartWhizzperer]

Discover one of the most elegant and flexible Fibonacci indicators for TradingView – fully automatic, tastefully understated, and built entirely in Pine Script V6.

Key Features:
- Automatically detects the most recent swing high and swing low.
- Plots Fibonacci retracement levels and extensions (including 161.8%, 261.8%) perfectly
aligned to the prevailing trend.
- Distinctive, dashed lines with crystal-clear price labels right at the price scale
for maximum clarity.
- Line length and label offset are fully customisable for your charting preference.
- Absolutely no repainting: Only confirmed swings are used for reliable signals.
- Parameter: "Swing Detection Length"
The “Swing Detection Length” parameter determines how many bars must appear to the left and right of a potential high or low for it to be recognised as a significant swing point.
- Higher values make the script less sensitive (only major turning points are detected).
- Lower values make it more responsive to minor fluctuations (more fibs, more signals).

For best results, adjust this setting according to your preferred timeframe and trading style.

Pro Tip:
Fibonacci levels refresh automatically whenever a new swing is confirmed.
Ideal for price action enthusiasts and Fibonacci purists alike.

Licence:
// Licence: CC BY-NC-SA 4.0 – Non-commercial use only, attribution required.
// © ChartWhizzperer

2 days ago

Release Notes

🚀 Update Release: Auto-Fibonacci Levels [ChartWhizzperer & Sunny Pro] – Dynamic Edition
Dear Community,
we are excited to present the biggest update ever for the popular Auto-Fibonacci indicator!
This release is the result of deep collaboration with power users, PineConnector developers, and the community.
You’ll gain more flexibility, precision, and brand-new possibilities for automation, alerting, and professional trading workflows.

🌟 What’s New?
1. Switchable Modes: PIVOT vs. LIVE (Realtime)
Classic PIVOT Mode:
Fibonacci levels are calculated based on confirmed swing highs and lows (Pivot Detection, non-repainting).
→ No retroactive changes! Levels remain as soon as a swing is confirmed.

Brand-New LIVE Mode (Rolling High/Low):
With just a click on the new checkbox in the UI, you can switch to “Live Mode”:

Fibo levels continuously adapt to the highest and lowest prices within the current swing detection window (rolling window logic).

Maximum reactivity: Lines adjust in real-time, so you always see the relevant Fibo structure as the market moves!

Note: This is perfect for short-term traders, but is repainting (levels can move retrospectively).

Bottom line:
Ultimate flexibility! Choose between classic pivot logic or dynamic real-time adjustment.

2. 100% Pine Script v6 Compliance, Lightning Fast & Robust
Completely refactored engine:

Full PSv6 arrays and objects, bulletproof error handling, no risk of array or index errors.
Every operation (deleting lines/labels, alert triggers) is airtight and secure.
All calculations (draw, reset, alert) are single-line, maintainable blocks.
Fully compatible with all TradingView versions and templates.

3. User-Friendly Inputs

All key settings are neatly organized in the “Fibonacci Settings” UI group:
Swing Detection Length
Fibo line color picker
Live Mode (ON/OFF, dynamic toggle)
Enable or disable all features with just a click.

4. Smart Object Management

Automatic cleanup:
On mode switch or new range detection, all previous lines/labels are completely deleted.
No more chart clutter or “ghost” objects.
Dedicated arrays for lines and labels keep your chart lightning-fast, even with many swings/ranges.

5. Power Alerts: Perfect for PineConnector & Automation

Every Fibonacci level (and direction, Up/Down) has its own alertcondition.
Machine-readable alert messages

:
Each signal includes:
- Level (e.g., FIBLEVEL=61.8%)
- Direction (DIR=UP or DIR=DOWN)
- Symbol (SYMBOL={ticker})
- Trigger price (PRICE={close})
Example alert message:

FIBLEVEL=61.8% DIR=UP SYMBOL={ticker} PRICE={close}
Instant PineConnector-Ready!
No remapping or manual adjustment required.
You can connect to any workflow, bot, webhook, or trading automation immediately.

6. Error Tolerance & Future-Proof Design

All typical Pine Script error sources have been eliminated:
No dynamic strings in alert titles/messages (100% TradingView compliant).
Every array and object operation is checked for existence before execution.
No inconsistencies, even when switching quickly between Live/Pivot mode.

7. Maximum Clarity & Documentation
Sectioned code structure:

Every part of the script is clearly organized and commented (in English, internationally usable).
Copy & Paste Ready:
The entire indicator is ready to drop into TradingView, with no manual tweaking needed.

8. Who Is This Update For?

Scalpers & Real-Time Traders:
Live Mode gives you maximum agility and perfect signals for fast moves and breakouts.
Swing & Position Traders:
Pivot Mode delivers non-repainting levels, ideal for setups that rely on strict chart history.
Automation fans & PineConnector users:
No more hacks or workarounds – every alert is instantly machine-readable and uniquely addressable.

9. Best Practice & Notes

Live Mode is repainting! If you require perfect signal history, stick to Pivot Mode.
You can switch between modes anytime – adapt to market phase, instrument, or your personal style.
For PineConnector users, you may want to add custom order syntax in the TradingView alert window for even more automation.

We wish you great success with the new Auto-Fibonacci [ChartWhizzperer]!

For feedback, feature requests, or questions:
Leave a comment below,
Or contact me directly via PM,
Happy Trading! [ChartWhizzperer]

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

ChartWhizzperer

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

ChartWhizzperer