Auto Fib Precision [Fresh Zone Scanner]

Auto Fib Precision [Fresh Zone Scanner]

Are you tired of messy charts cluttered with too many Fibonacci lines? Auto Fib Precision is a professional-grade indicator designed for traders who value clarity, precision, and "Fresh Zones" (Untouched Levels).

Unlike standard tools that spam your chart with every possible retracement, this indicator focuses on one single high-probability level per swing and automatically cleans up the chart as price moves. It is designed to help you identify institutional entry points without the noise.

[line]

🚀 The Killer Feature: Smart Auto-Cleanup (Fresh Zones)

This tool thinks like a Smart Money trader. It features a sophisticated Mitigation Logic that automatically deletes lines once they are no longer valid.

• [] The Concept: Only "Fresh" (Untouched) zones are statistically significant. A level that has already been tested often offers a lower probability of a bounce. [] How it works: As soon as the price hits a level (based on your settings), the line disappears.
• The Result: Your chart remains incredibly clean. If you see a line, it means the setup is active and waiting for you.

[line]

✨ Key Features

• Single Level Focus: Defaults to 0.786 (The Harmonic "Sweet Spot"). Fully customizable to 0.618, 0.886, or any level you prefer.
  
  
• Smart Visualization: Includes "Ghost Lines" (dashed) extending to the right so you never miss a zone, and Solid Badges for price labels to ensure readability over candles.
  
  
• Market Structure Map: Optional overlay of the ZigZag path and Pivot Points to visualize the structure used for calculation.

[line]

⚙️ Settings & Customization

1. Algorithm

• [] Pivot Lookback (Default: 3): Determines sensitivity. Increase for larger swings. [] Logarithmic Calculation: Enable this if analyzing assets on Log-Scale charts.

2. Mitigation (The Cleanup Logic)

• [] Hide Mitigated Zones: Keeps the chart clean by removing old levels. [] Mitigation Trigger:- Wick (Touch) [Default]: Deletes immediately on touch. - Close (Confirmed Break): Deletes only if a candle closes beyond the level.

3. Visuals

• Tolerance: Define a % tolerance (e.g., 0.1%) to delete lines that were "front-run" or nearly missed.

[line]

🎯 How to Trade with Auto Fib Precision

1. [] Identify the Trend: Use the indicator to see recent Highs and Lows. [] Wait for the Pullback:- Green Lines (Support): Dip into a fresh green line after a confirmed swing high. - Red Lines (Resistance): Rally into a fresh red line after a confirmed swing low.
2. Execution: Since the indicator only shows valid levels, place alerts/orders at the displayed badges.

[line]

Disclaimer: This tool is for educational purposes only. Always manage your risk.