AutoFibAlgo

AUTOMATED FIBONACCI TRADING

Quick Facts:

• Category: Fibonacci / Retracement
• Markets: All markets
• Timeframes: 15min, 1H, 4H, Daily

Overview

The AutoFib Algorithm automatically identifies swing points and generates Fibonacci retracement and extension levels, then trades reactions at these mathematically significant price points. The system removes the subjectivity of manual Fibonacci drawing.

Fibonacci levels (38.2%, 50%, 61.8%, 78.6%) represent natural retracement points where buyers/sellers often step in.

How It Works

SWING DETECTION Automatically identify significant swings:

• Use pivothigh/pivotlow for swing points
  • Filter for minimum swing size (ATR-based)
  • Track last completed swing (high to low or low to high)

FIB CALCULATION Generate levels from detected swing:

• 0%: Swing start
  • 38.2%, 50%, 61.8%, 78.6%: Retracement levels
  • 100%: Swing end
  • 127.2%, 161.8%, 261.8%: Extension levels

LEVEL TRADING Enter at Fib levels:

• Bullish swing: Buy at retracement levels
  • Bearish swing: Sell at retracement levels
  • Target: 0% or extension levels

Key Parameters

SWING DETECTION:

• swingLookback (10): Bars for swing detection
  • minSwingATR (2.0): Minimum swing size as ATR ratio

FIB LEVELS:

• useFib382/useFib50/useFib618/useFib786: Enable each level
  • useExtensions (false): Trade extension levels too

ENTRY:

• entryType ("Touch"): "Touch" or "Rejection"
  • levelTolerance (0.1): ATR buffer around level

Best Use Cases

✅ AUTOMATED Fibonacci trading ✅ RETRACEMENT ENTRIES in trends ✅ EXTENSION TARGETS for profit taking ✅ OBJECTIVE level identification