Fibonacci Retracement Strategy — Pine Script & ThinkScript

Fibonacci retracement is a technical analysis tool based on the mathematical ratios derived from the Fibonacci sequence: 23.6%, 38.2%, 50%, 61.8%, and 78.6%. Traders draw retracement levels between a significant swing high and swing low (or vice versa) and use these levels to anticipate where a pull-back might find support or resistance before the trend resumes.

What's included:

• Pine Script (TradingView)
• ThinkScript (thinkorswim)
• Setup documentation