Fibonacci Extension Distance Table

## 🧾 **Script Name**: Fibonacci Extension Distance Table

### 🎯 Purpose:

This script helps traders visually track **key Fibonacci extension levels** on any chart and immediately see:

* The **price target** at each extension
* The **distance in percentage** from the current market price

It is especially helpful for:

* **Profit targets in trending trades**
* Monitoring **potential resistance zones** in uptrends
* Planning **entry/exit timing**

---

## 🧮 **How It Works**

1. **Swing Logic (A → B → C)**

* It automatically finds:

* `A`: the **lowest low** in the last `swingLen` bars
* `B`: the **highest high** in that same lookback
* `C`: current bar’s low is used as the **retracement point** (simplified)

2. **Extension Formula**
Using the Fibonacci formula:

```text
Extension Price = C + (B - A) × Fibonacci Ratio
```

The script calculates projected target prices at:

* **100%**
* **127.2%**
* **161.8%** (Golden Ratio)
* **200%**
* **261.8%**

3. **Distance Calculation**
For each level, it calculates:

* The **absolute difference** between current price and the extension level
* The **percentage difference**, which helps quickly assess how close or far the market is from that target

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## 📋 **Table Output in Top Right**

| Level | Target ₹ | Dist % from current price |
| ------ | ---------- | ------------------------- |
| 100% | Calculated | % Above/Below |
| 127.2% | Calculated | % Above/Below |
| 161.8% | Calculated | % Above/Below |
| 200% | Calculated | % Above/Below |
| 261.8% | Calculated | % Above/Below |

* The table updates **live on each bar**
* It **highlights levels** where price is nearing
* Useful in **any time frame** and **any market** (stocks, crypto, forex)

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## 🔔 Example Use Case

You bought a stock at ₹100, and recent swing shows:

* A = ₹80
* B = ₹110
* C = ₹100

The 161.8% extension = 100 + (110 − 80) × 1.618 = ₹148.54

If the current price is ₹144, the table will show:

* Golden Ratio Target: ₹148.54
* Distance: −4.54
* Distance %: −3.05%

You now know your **target is near** and can plan your **exit or trailing stop**.

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## 🧠 Benefits

* No need to draw extensions manually
* Automatically adapts to new swing structures
* Supports **scalping**, **swing**, and **positional** strategies