[MAB] Fibbonacci-Retracement-Tool

🔹 Overview

Fibonacci retracement helps map potential support/resistance during pullbacks. This tool lets you manually select two swing points A & B; it then plots retracement levels (38.2%, 61.8%, 78.6%) and displays whether the retracement remains valid or becomes invalid (devalidation) based on price interaction. It provides a structured, visual framework to study price behavior—not a prediction engine.

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⚙ Key Features

• Custom Swing Selection — Choose swing points A & B to generate the structure.
  
• Focused Levels — Plots only 38.2%, 61.8%, 78.6.
  
• Validation / Devalidation — Clearly shows when the retracement setup holds or fails.
  
• Bullish & Bearish Modes — Works in both trend directions.
  
• Clean Visuals — Minimal clutter, clear chart structure.
  

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📖 How to Use

1. Select Point A (a swing low or high).
   
2. Select Point B (the opposite swing). Important: Point B must always come after Point A on the chart. If B is placed before A, the indicator will show an error.
   
3. The indicator plots retracements (38.2%, 61.8%, 78.6).
   
4. Observe validation or devalidation as price interacts with these levels.
   

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🖼️ Visual Representation / Chart Explanation

Examples to illustrate how the tool validates or devalidates a Fibonacci structure.

• Bearish Validation Criteria — Price action validating a bearish Fibonacci setup:
  
• Bullish Validation Criteria — Price action validating a bullish Fibonacci setup:
  
• Devalidation Criteria — Candle closes beyond a Fibonacci level, invalidating the setup:
  
• Devalidation Example — Setup de-validated because the candle closed above the devalidation line:
  

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📊 Recommended Charting

• Markets: Stocks, Indices, Forex, Crypto.
  
• Timeframes: Best on 15m → Daily.
  
• Confluence: Improves with trendlines, MAs, or candlestick context.
  

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🛡 Risk Management

• Treat Fibonacci as a guide, not a prediction.
  
• Always apply your own trading discipline and position sizing.
  

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⚠️Important Notes

1. This indicator is for educational and visual analysis only.
   
2. Not financial advice or a performance guarantee.
   

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✅ Conclusion and Access

This Fibonacci Tool offers a disciplined, visual approach to studying retracements. By focusing on the key levels (38.2, 61.8, 78.6) and plotting validation/devalidation, it enhances chart analysis while remaining simple, flexible, and educational.
👉 For how to request access, please see the Author’s Instructions section below.

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⚠️ Disclaimer

📘 For educational purposes only.
🙅 Not SEBI registered.
❌ Not a buy/sell recommendation.
🧠 Purely a learning resource.
📊 Not Financial Advice.