Dynamic Fibonacci Auto TradingView Indicator

Written by Dominic Walsh · Published 22 Jul 2026

Drawing retracements by hand costs time, and two traders rarely pick the same swing. Also, dynamic Fibonacci Auto, a free auto fibonacci indicator TradingView traders can add in one click, removes that step. It locks onto the last confirmed pivot high and pivot low. Then it projects the 23.6, 38.2, 50, 61.8 and 78.6 retracements, plus the 127.2 and 161.8 extensions, and flags bounces inside the golden zone.

It is free and open source. Indeed, you can add it to any chart from the Dynamic Fibonacci Auto script page on TradingView, and the full Pine source is published there for you to read.

What Dynamic Fibonacci Auto plots on the price chart

Seven lines stretch from the older swing to 20 bars ahead of price, each carrying its percentage at the right edge. Still, solid orange marks 50 and 61.8. A shaded box fills the band between them – the golden zone – and the background tints while price trades inside it. Thus, green and pink lines mark the swing high and swing low. Signals print as triangles with a label naming the nearest level, the entry price, an ATR stop and a target. Hence, a ten-row table reports trend, both swings, the zone range, the nearest level and signal counts.

How Dynamic Fibonacci Auto is built

Step one: find the swings

The script calls pivothigh and pivotlow with a length of 10 on each side. Next, a bar becomes a pivot high only after 10 later bars fail to exceed it. That is the honest cost of automatic swings: confirmation arrives 10 bars after the high itself. Then, the script backdates the anchor to the true pivot bar, so the geometry lines up once it appears.

It then keeps the most recent confirmed high and low, along with their bar indexes. Direction follows from their order. If the low confirmed before the high, the script calls it an uptrend and measures retracements down from the high. Yet, if the high came first, it flips and measures up from the low. The range is simply high minus low, and it must stay positive for anything to draw.

Step two: build the zone and the signal

Each level takes a fraction of that range. In an uptrend the script subtracts 0.236, 0.382, 0.500, 0.618 and 0.786 of the range from the swing high. Extensions run past the swing instead. Truly, it adds 0.272 and 0.618 of the range beyond the high, which gives the familiar 127.2 and 161.8 marks.

The golden zone is the band between the 50 and 61.8 lines. Plainly, price counts as inside when the bar low sits at or under the zone top and the bar high sits at or above the zone bottom. A bullish bounce then needs a close above the open and above the zone midpoint.

Four filters stand between a bounce and an arrow. Also, volume must beat its 20-bar average. The trend flag must read uptrend, and close must sit above the 50-period EMA. Indeed, fifteen bars must have passed since the last signal. Finally the bar must close, because the whole test runs behind barstate.isconfirmed.

How to read the signals

Read the table first. Still, trend tells you which way the script measured the range. In GZ tells you whether price currently works the 50 to 61.8 band. Thus, nearest Fib names the level closest to the current close, which helps when the lines crowd together.

The arrow label names the level, the entry price, a stop at 1.5 ATR and a target at 3 ATR. Hence, those numbers give you a frame at a fixed 2:1 ratio. They do not adapt, and the script never checks whether either level gets hit.

Expect the whole level set to jump when a fresh pivot confirms. Next, the bounce logic stays honest – every arrow used levels that already existed on that bar – but the lines you see now differ from the lines of 10 bars ago. Note a level down if you plan to trade it.

Every Dynamic Fibonacci Auto setting explained

The script exposes 21 inputs, grouped in the settings panel exactly as shown below. Defaults are the published values.

Core Settings

Setting	What it does	Default	Range
Swing Detection Length	Lookback for pivot high/low detection	10	3 to 30
Trend EMA Length	EMA for trend direction confirmation on bounce signals	50	10 to 200
Volume SMA Length	Sets the volume sma length used in the calculation.	20	5 to 50
Signal Cooldown (bars)	Sets the signal cooldown (bars) used in the calculation.	15	5 to 50

Fibonacci Levels

Setting	What it does	Default	Range
Show 23.6%	Toggles show 23.6% on the chart.	on	on / off
Show 38.2%	Toggles show 38.2% on the chart.	on	on / off
Show 50.0%	Toggles show 50.0% on the chart.	on	on / off
Show 61.8%	Toggles show 61.8% on the chart.	on	on / off
Show 78.6%	Toggles show 78.6% on the chart.	on	on / off

Advanced Settings

Setting	What it does	Default	Range
ATR Length	Sets the atr length used in the calculation.	14	5 to 50
SL ATR Multiplier	Stop-loss as ATR multiple	1.5	0.5 to 5.0
Show SL/TP on Labels	Toggles show sl/tp on labels on the chart.	on	on / off
Show Extension Levels	Show 127.2% and 161.8% extension levels	on	on / off

Visual Settings

Setting	What it does	Default	Range
Show Info Table	Toggles show info table on the chart.	on	on / off
Show Golden Zone Fill	Toggles show golden zone fill on the chart.	on	on / off
Show Golden Zone Background	Background tint when price is in golden zone	on	on / off
Buy Color	Colour used for buy color.	#00d4ff
Sell Color	Colour used for sell color.	#ff2d78
Bullish Accent	Colour used for bullish accent.	#39ff14
Level Color	Colour used for level color.	#a855f7
Golden Zone Color	Colour used for golden zone color.	#ffaa00

Alerts built into Dynamic Fibonacci Auto

The script ships 11 alert conditions. Then, open the alert dialog on the chart, pick the indicator as the condition source, then choose the event you want. Alerts fire on the close of the bar, so they follow the same confirmed-bar rule the on-chart signals use.

• Bullish Fib Bounce
• Bearish Fib Bounce
• Price in Golden Zone
• New Swing High
• New Swing Low
• Any Fib Signal
• Unconfirmed Bull Bounce
• Unconfirmed Bear Bounce
• Fib Range Expansion

Other markets and timeframes

The maths scales with whatever swing it finds, so no input depends on a currency or a price level. Yet, ranges, retracements and the golden zone all come from high minus low on the chart in front of you. Gold, indices, crypto and equities behave the same way. Truly, two inputs deserve a look per market. Swing length matters because a fast chart throws more pivots. Plainly, the volume filter matters because it needs a real volume feed to mean anything.

Limitations worth knowing

Pivot confirmation lags by the swing length. Also, with the default of 10, the tool learns about a high 10 bars after it prints. It cannot mark a turn in real time, and no pivot setting removes that delay.

Only the latest high and the latest low feed the calculation. Indeed, the script does not rank swings by size or hold a stack of older ranges, so a small recent pivot can replace a far more meaningful one. Raise the swing length when the levels look too local.

The stop and target on the label come from a fixed 1.5 ATR and 3 ATR rule. Still, the script does no trade management and keeps no record of results. The counters in the table simply count arrows, not outcomes.

Get Dynamic Fibonacci Auto on TradingView

Open Dynamic Fibonacci Auto on TradingView

If you also trade MetaTrader, the MT4 and MT5 indicator library is available below.

Using it alongside MetaTrader

Adding a script on TradingView takes one click, so there is no install step here. Hence, if you want the same idea on MetaTrader, the MT4 and MT5 indicator installation guide walks through copying files into the data folder and attaching them to a chart. You can also browse the full MetaTrader indicator library, the MT4 indicators section, or the other free TradingView scripts published on this profile. For related chart tools see the MT5 indicators section and the forex trading strategies guides.

External references

• Elliott wave principle on Wikipedia
• Elliott Wave Theory at Investopedia
• Fibonacci Arcs at StockCharts ChartSchool

Frequently asked questions

Does Dynamic Fibonacci Auto repaint?

Signals do not. Next, every arrow waits for barstate.isconfirmed and uses levels that already existed on that bar. The lines differ. Then, they redraw whenever a fresh pivot confirms, and that confirmation lands 10 bars after the actual swing point.

What is the golden zone?

It is the band between the 50 and 61.8 percent retracements. Yet, many traders watch that pocket for continuation entries. The script shades it, tints the background while price trades inside it, and hunts for bounces only there.

Why did price touch 61.8 with no arrow?

Four filters can block it. Truly, volume sat at or below its 20-bar average, the close fell on the wrong side of the 50 EMA, the trend flag disagreed, or the 15-bar cooldown had not elapsed yet.

Can I use it on lower timeframes?

Yes, though pivots come faster and levels shift more often. Plainly, raise the swing length toward 20 or 30 on M1 and M5 charts, and raise the cooldown so arrows spread further apart.

How much should I rely on this indicator?

Treat it as one input, not a decision. Also, it is a chart analysis tool, not trading advice. Test it on your own markets and timeframes before relying on it. Results are not guaranteed; past performance is not indicative of future results.