FibSync - DynamicFibSupport

What is this indicator?
FibSync – DynamicFibSupport overlays your chart with both static and dynamic Fibonacci retracement levels, making it easy to spot potential areas of support and resistance.

Static Fibs: Calculated from the highest and lowest price over a user-defined lookback period.
Dynamic Fibs: Calculated from the most recent swing high and swing low, automatically adapting as new swings form.


How to use
Add the indicator to your chart.

Configure the settings:

• Static Fib Period: Sets the lookback window for static fib levels.
  
• Show Dynamic Fibonacci Levels: Toggle dynamic fibs on/off.
  
• Dynamic Fib Swing Search Window: How far back to search for valid swing highs/lows.
  
• Swing Strength (bars left/right): How many bars define a swing high/low (higher = stronger swing).
  

Interpret the levels:
Solid lines are static fibs.
Transparent lines are dynamic fibs (if enabled).
Colors match standard fib conventions (yellow = 0.236, red = 0.382, blue = 0.618, green = 0.786, gray = 0.5).


Tips
Static and dynamic fibs can overlap-this often highlights especially important support/resistance zones.

Adjust the swing strength for your trading style: lower values for short-term, higher for long-term swings.

Hide/show individual lines using the indicator’s style settings in TradingView.


Trading Ideas (for higher timeframes and static fibs)
Close above the blue line (0.618 static fib):
This can be interpreted as a potential long (buy) signal, suggesting the market is breaking above a key resistance level.

Close below the red line (0.382 static fib):
This can be interpreted as a potential short (sell) signal, indicating the market is breaking below a key support level.

Note: These signals are most meaningful on higher timeframes and when using the static fib lines. Always confirm with your own strategy and risk management.