Automatic Fibonacci retracement based on the highest high and lo

The chart is fractal, meaning that what happens can always be broken down into smaller portions.

This is often seen in various AR (Algorithmic Rules) concepts, such as breakers, order blocks, etc., where the price reacts.
I’ve visualized this behavior with this indicator.

This indicator takes the highest high and the lowest low from the past 5 weeks, excluding the current week.
The lowest low will represent 0%, and the highest high will represent 100% (green lines).
It then divides this range into 25%, 50%, 75%, and 100% levels (red and blue lines).

The indicator works on all charts and all timeframes, automatically adjusting when you switch charts or timeframes. No manual input is required.

Additionally, above 100%, it will create levels at 125%, 150%, 175%, and 200%, while below 0%, it will create levels at -25%, -50%, -75%, and -100%.

Your chart will now be divided into these 25% levels, allowing you to observe how the price either respects or breaks through them.

Again, this isn’t something “groundbreaking,” but simply a visual aid to identify levels where the price finds support/resistance or breaks through.

It helps me gain a broader perspective and determine whether my trade is moving in the right direction or if I should remain cautious.