Fibonacci Mystery

Many traders rely on Fibonacci Retracement to pinpoint key price levels, especially around the golden ratios. However, manually drawing and adjusting these levels can be challenging.

Fibonacci Mystery removes the complexity by automatically identifying critical Fibonacci zones, helping you effortlessly spot high-probability support and resistance areas.

This tool ensures Fibonacci levels are accurately drawn, allowing you to trade with confidence and identify key reversal zones without hesitation. By streamlining the process, Fibonacci Mystery helps you capitalize on high-potential opportunities with precision.

Unique Features

• Identifies Fibonacci zones during trend transitions, allowing you to spot optimal entry points before major market moves unfold.
• Detects emerging trends early, providing opportunities to enter trades with high reward potential as momentum builds.
• Adapts to all market conditions: In trending markets, Return signals within solid Fibonacci levels highlight strong pullback entries, while in sideways markets, signals within dashed Fibonacci zones suggest reversals, making it an excellent tool for choppy trading.

When to Draw Fibonacci Retracement Levels

The indicator automatically identifies Fibonacci zones by detecting the highest swing high in an uptrend or the lowest swing low in a downtrend, along with the first swing point of the opposite trend.

Bearish Fibonacci Zones Formation:

Step 1: Identify the highest peak

The indicator locates the highest swing high in an uptrend, marking it as the 100% level, where the strongest selling pressure appears.

Step 2: Identify the first swing low

As the price reverses into a downtrend, the first swing low is determined as the 0% level.

Step 3: Generate Return signals

When the price retraces to key Fibonacci levels (38.2%, 50%, 61.8%), the indicator triggers trade signals at potential reversal zones.

For Bullish Fibonacci zones, the process is mirrored, with the lowest swing low as the 100% level and the first swing high as the 0% level, helping traders spot high-probability buy opportunities.

Reasons for Focusing on Swing Highs/Lows

Fibonacci Mystery doesn’t randomly select swing highs or lows. Instead, it focuses on key trend intersection points, ensuring precision in identifying high-probability trade zones.

Key Points:

Highest Swing High / Lowest Swing Low:

These points mark peaks or troughs before sharp reversals, signaling strong buying or selling pressure. They act as natural support and resistance levels, making them ideal reference points for Fibonacci analysis.

First Swing High / Low:

These points form when the price pulls back after a strong move, indicating the first retracement of a new trend.

Fibonacci levels excel here, allowing traders to pinpoint potential retracement zones before the trend resumes.

With Fibonacci Mystery, you eliminate guesswork, refine your approach, and trade Fibonacci Retracement like a pro—faster and more effectively.

Dedicated NinjaScript Signals

• Signal_Trend: 1 = uptrend, -1 = downtrend
• Signal_Trade: 2 = bullish return, -2 = bearish return, 1 = uptrend start, -1 = downtrend start, 0 = no signal

Compatibility

• Instruments: futures, stocks, indices
• Interval types: timebased or non-timebased, standard or custom
• Chart styles: whatever

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Fibonacci Mystery

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