The Auto Fib Fan script simplifies technical analysis by automatically plotting Fibonacci Fans on daily levels or any chosen timeframe. This dynamic tool resets and recalculates the Fib Fan levels at the start of each new day (or the selected timeframe), ensuring that the analysis stays up-to-date with the latest market structure.
With its precise and automatic plotting, the Auto Fib Fan helps traders identify key support and resistance levels, trend continuation zones, and potential reversal points. Whether you’re analyzing trends, anticipating pullbacks, or planning breakout trades, this script offers a hassle-free way to incorporate Fibonacci Fans into your strategy.
Features:
- Automatically draws Fibonacci Fans based on daily levels or custom-selected timeframes.
- Resets and updates at the start of each new timeframe for real-time relevance.
- Adaptable to any market, including Forex, crypto, stocks, and indices.
- Aids in identifying key areas of confluence, trend strength, and reversal zones.
- Simple, clean, and ready-to-use, eliminating manual plotting.
Transform your trading with automated precision and stay ahead of market trends using the Auto Fib Fan.