Fibonacci MTF by EV

EV Fib Swing MTF (Auto) [v6] is designed for traders who rely on Fibonacci levels but are tired of drawing them by hand over and over again. The indicator continuously scans price to detect the latest valid swing, bullish or bearish, and then automatically plots the key Fibonacci retracement and extension levels for you. You decide which timeframe should be used to calculate the swing, so you can, for example, trade a 5-minute chart while the fib structure comes from a 1-hour or 4-hour swing. This gives you a higher-timeframe framework while you execute on the lower timeframe.

Once a swing is detected, the indicator draws the classic fib structure, including levels such as 0, 0.236, 0.382, 0.5, 0.618, 0.65, 0.786, 1, 1.272 and 1.618. You can turn each level on or off individually, so the chart only shows what you actually use in your strategy. The Golden Pocket area between 0.618 and 0.65 is highlighted with a colored box whose color and transparency you can configure, making it extremely easy to spot one of the most watched zones in modern fib trading.

Swing detection is based on pivots, and you have full control over how sensitive this detection is. By adjusting the pivot length, you can decide whether you want more frequent swings (for aggressive intraday trading) or fewer, more significant swings (for cleaner structure and swing trading). You can also choose whether swings are calculated from full wicks (High/Low) or from closing prices only, depending on how precise or smooth you want your levels to be.

The design of the indicator focuses on a clean and readable chart. You can choose whether to show or hide labels for each fib level, and you can decide on which side of the swing they should appear, right or left. Labels use a compact font and neutral background so they are easy to read without overwhelming the price action. Line colors, line width, text color and transparency are all configurable, so you can perfectly integrate the indicator into your existing chart style.

In practical trading, this indicator helps you quickly identify logical pullback zones within a trend, likely reaction areas for bounces or rejections, and potential take-profit regions using the extension levels. It is particularly powerful when you combine it with price action, market structure, order blocks, liquidity zones or volume tools. Instead of wasting time drawing fib tools and worrying if they are placed exactly right, you can focus on decision-making, knowing that your levels are calculated consistently and objectively every time.

EV Fib Swing MTF fits a wide range of trading styles. Scalpers and day traders can work on low timeframes while anchoring their fibs to higher-timeframe swings for better context and confluence. Swing traders can use it to keep their structure organized and automatically updated as new highs and lows form. Any trader who wants automation, consistency and a clean workflow around Fibonacci analysis will benefit from having this running in the background on every chart.