HTF Fibonacci on intraday Chart

This indicator plots Higher Timeframe (HTF) Fibonacci retracement levels directly on your intraday chart, allowing you to visualize how the current price action reacts to key retracement zones derived from the higher timeframe trend.

Concept

Fibonacci retracement levels are powerful tools used to identify potential support and resistance zones within a price trend.
However, these levels are often calculated on a higher timeframe (like Daily or Weekly), while most traders execute entries on lower timeframes (like 15m, 30m, or 1H).

This indicator bridges that gap — it projects the higher timeframe’s Fibonacci levels onto your current intraday chart, helping you see where institutional reactions or swing pivots might occur in real time.

How It Works

Select the Higher Timeframe (HTF)
You can choose which higher timeframe the Fibonacci structure is derived from — default is Daily.

Define the Lookback Period
The script looks back over the chosen number of bars on the higher timeframe to find the highest high and lowest low — the base for Fibonacci calculations.

Plots Key Fibonacci Levels Automatically:

0% (Low)

23.6%

38.2%

50.0%

61.8%

78.6%

100% (High)


Dynamic Labels
Each Fibonacci level is labelled on the latest bar, updating in real time as new data forms on the higher timeframe.

Best Used For

Intraday traders who want to align lower-timeframe entries with higher-timeframe structure.
Swing traders confirming price reactions around major Fibonacci retracement zones.
Contextual analysis for pullback entries, breakout confirmations, or retests of key levels.

Recommended Settings

Higher Timeframe: Daily (for intraday analysis)
Lookback: 50 bars (adjust based on volatility)
Combine with MACD, RSI, CPR, or Pivots for confluence.

License & Credits
Created and published for educational and analytical purposes.
Inspired by standard Fibonacci analysis practices.