Previous Day Fibonacci + Opening Range

16 thg 8

Prev Day Fibonacci & Opening Range Levels

This indicator is designed for professional traders who want to combine yesterday’s market structure with today’s intraday levels.

🔹 Features:

Automatic Fibonacci Retracements: Draws customizable Fibonacci retracement/extension levels based on the previous day’s High & Low.

Full Customization: Users can adjust the Fibonacci ratios and colors directly in settings.

Opening Range Levels: Plots today’s first candle High & Low (user-selectable timeframe for OR).

Clear Visuals: Helps identify key reversal zones, breakout levels, and confluence areas between higher timeframe structure and intraday moves.

🔹 Usage Ideas:

Spot potential reversal zones when price reacts to previous-day Fib levels.

Combine Opening Range breakout strategies with daily Fib levels for high-probability setups.

Use as confluence levels with your existing price action or indicator-based strategy.

⚡ Pro Tip: Look for overlaps between the Opening Range and Fibonacci retracements — these zones often act as strong support/resistance areas.

16 thg 8

Phát hành các Ghi chú

This custom indicator combines multiple technical analysis tools into one comprehensive package to assist traders with market structure, trend direction, and potential reversal zones.

🔹 Features Included:

Simple Moving Averages (SMA): Useful for spotting trend direction and crossovers.

Parabolic SAR: Highlights trailing stop levels and potential trend reversals.

Custom Fibonacci Levels: Automatically plotted with price and percentage labels for dynamic support/resistance mapping.

Opening Range Levels: Automatically plotted Opening Range

🔹 Key Benefits:

All-in-One Tool: No need to load multiple indicators separately.

Visual-Only Overlay: Cleanly displays signals without cluttering the chart.

Adjustable Settings: Users can customize indicator values, line colors, and enable/disable components.

Dynamic Fibonacci Labels: Show both % retracement and precise price with optional decimal formatting.


Works on all timeframes and instruments (stocks, crypto, forex, indices).

⚠️ Disclaimer: This script is for educational purposes only. It is not financial advice. Always backtest thoroughly and use risk management before applying to live trading.