OPEN-SOURCE SCRIPT
Fib Retrace + Extensions (v6– safe version) v 1
🌀 Fib Extension Plus Retracement Strategy: Complete Overview
📊 Purpose and Core Idea
The Fib Extension Plus Retracement Strategy is a hybrid price-action methodology that blends Fibonacci Retracement and Fibonacci Extension tools to map high-probability entry, exit, and target zones within trending markets.
It is designed for precision timing, measured risk exposure, and trend-continuation trading.
By uniting both retracement and extension logic, traders can capture the entire lifecycle of a move — from the pullback phase to the breakout and projected expansion wave.
📊 Purpose and Core Idea
The Fib Extension Plus Retracement Strategy is a hybrid price-action methodology that blends Fibonacci Retracement and Fibonacci Extension tools to map high-probability entry, exit, and target zones within trending markets.
It is designed for precision timing, measured risk exposure, and trend-continuation trading.
By uniting both retracement and extension logic, traders can capture the entire lifecycle of a move — from the pullback phase to the breakout and projected expansion wave.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.