stelaraX - Auto Fibonacci

stelaraX – Auto Fibonacci

stelaraX – Auto Fibonacci is an automatic Fibonacci plotting indicator that detects recent pivot highs and pivot lows and draws Fibonacci retracement and extension levels across the latest swing range. The script updates dynamically whenever a new pivot is confirmed, providing an always-current Fibonacci map without manual drawing.

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Core logic

The indicator detects swing pivots using a user-defined pivot lookback:

* pivot highs are detected using pivot high confirmation
* pivot lows are detected using pivot low confirmation

When a new pivot is confirmed and both a recent high and low are available, the script:

* defines the swing range between the latest pivot high and pivot low
* draws Fibonacci levels across that range
* extends the levels forward by a configurable number of bars

The plotted level set includes retracements and extensions:

* -0.618 and -0.272
* 0.0, 0.236, 0.382, 0.5, 0.618, 0.786, 1.0
* 1.272 and 1.618

Extensions can be enabled or disabled via a dedicated setting.


Visualization

Fibonacci levels are plotted as horizontal lines and labeled with:

* the Fibonacci ratio
* the corresponding price value

Colors are assigned based on level type:

* 0 and 1 levels use a dedicated highlight color
* 0.5 uses a key level color
* standard retracement levels use a base fib color
* extension levels use a separate extension color

When a new pivot forms, the indicator clears the previous Fibonacci drawings and redraws the full set to keep the chart clean and current.


Use case

This indicator is intended for:

* automatic Fibonacci retracement mapping on the latest swing
* identifying potential reaction levels for pullbacks and continuations
* projecting extension targets beyond the current range
* level-based confluence with structure, liquidity, and zones
* multi-timeframe Fibonacci alignment

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Disclaimer

This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.