📊 Ready Indicator
Automatic Fibonacci Indicator with AI — Ready Code for TradingView
Fibonacci retracement is one of the most-used tools by professional traders. The problem? Drawing it manually on every asset is tedious. The solution: an indicator that detects the pivots automatically and draws the levels for you.
In this post, I’ll hand you the ready Pine Script v5 code, AI-generated, that does exactly that — and explain how to customize it.
What the indicator does
- Automatically detects the latest swing high and swing low
- Draws the 7 Fibonacci levels: 0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%
- Each level with a different color and a label showing the exact value
- Highlights the most important levels (38.2%, 50%, 61.8%) with thicker lines
- Alerts when price touches the 61.8% level (classic reversal zone)
- 100% configurable parameters
Complete Code
Pine Script v5📋 Copy
//@version=5
indicator("Fibonacci Auto — IA Trader Pro", overlay=true, max_lines_count=20, max_labels_count=20)
// === PARAMETERS ===
lookback = input.int(50, "Lookback (candles)", minval=10)
showLabels = input.bool(true, "Show labels")
alertOn618 = input.bool(true, "Alert on 61.8%")
// === DETECT SWING HIGH AND LOW ===
swingHigh = ta.highest(high, lookback)
swingLow = ta.lowest(low, lookback)
range_ = swingHigh - swingLow
// === CALCULATE FIBONACCI LEVELS ===
fib0 = swingLow
fib236 = swingLow + range_ * 0.236
fib382 = swingLow + range_ * 0.382
fib500 = swingLow + range_ * 0.500
fib618 = swingLow + range_ * 0.618
fib786 = swingLow + range_ * 0.786
fib100 = swingHigh
// === DRAW LINES ===
var line l0 = na
var line l236 = na
var line l382 = na
var line l500 = na
var line l618 = na
var line l786 = na
var line l100 = na
if barstate.islast
line.delete(l0)
line.delete(l236)
line.delete(l382)
line.delete(l500)
line.delete(l618)
line.delete(l786)
line.delete(l100)
l0 := line.new(bar_index - lookback, fib0, bar_index, fib0, color=color.gray, width=1, extend=extend.right)
l236 := line.new(bar_index - lookback, fib236, bar_index, fib236, color=#FF9800, width=1, extend=extend.right)
l382 := line.new(bar_index - lookback, fib382, bar_index, fib382, color=#b8893d, width=2, extend=extend.right)
l500 := line.new(bar_index - lookback, fib500, bar_index, fib500, color=#448AFF, width=2, extend=extend.right, style=line.style_dashed)
l618 := line.new(bar_index - lookback, fib618, bar_index, fib618, color=#dc2626, width=3, extend=extend.right)
l786 := line.new(bar_index - lookback, fib786, bar_index, fib786, color=#E040FB, width=1, extend=extend.right)
l100 := line.new(bar_index - lookback, fib100, bar_index, fib100, color=color.gray, width=1, extend=extend.right)
// === LABELS ===
var label lb0 = na
var label lb236 = na
var label lb382 = na
var label lb500 = na
var label lb618 = na
var label lb786 = na
var label lb100 = na
if barstate.islast and showLabels
label.delete(lb0)
label.delete(lb236)
label.delete(lb382)
label.delete(lb500)
label.delete(lb618)
label.delete(lb786)
label.delete(lb100)
lb0 := label.new(bar_index + 5, fib0, "0% (" + str.tostring(fib0, "#.####") + ")", color=color.new(color.gray, 70), textcolor=color.gray, style=label.style_label_left, size=size.small)
lb236 := label.new(bar_index + 5, fib236, "23.6% (" + str.tostring(fib236, "#.####") + ")", color=color.new(#FF9800, 70), textcolor=#FF9800, style=label.style_label_left, size=size.small)
lb382 := label.new(bar_index + 5, fib382, "38.2% (" + str.tostring(fib382, "#.####") + ")", color=color.new(#b8893d, 70), textcolor=#b8893d, style=label.style_label_left, size=size.small)
lb500 := label.new(bar_index + 5, fib500, "50% (" + str.tostring(fib500, "#.####") + ")", color=color.new(#448AFF, 70), textcolor=#448AFF, style=label.style_label_left, size=size.small)
lb618 := label.new(bar_index + 5, fib618, "61.8% (" + str.tostring(fib618, "#.####") + ")", color=color.new(#dc2626, 70), textcolor=#dc2626, style=label.style_label_left, size=size.small)
lb786 := label.new(bar_index + 5, fib786, "78.6% (" + str.tostring(fib786, "#.####") + ")", color=color.new(#E040FB, 70), textcolor=#E040FB, style=label.style_label_left, size=size.small)
lb100 := label.new(bar_index + 5, fib100, "100% (" + str.tostring(fib100, "#.####") + ")", color=color.new(color.gray, 70), textcolor=color.gray, style=label.style_label_left, size=size.small)
// === ALERTS ===
touch618 = math.abs(close - fib618) < (range_ * 0.005)
alertcondition(alertOn618 and touch618, "Fib 61.8%", "Price touched the 61.8% level — possible reversal")
How to use
- Open TradingView → any chart (e.g., EUR/USD, Volatility 75)
- Click Pine Editor at the bottom
- Delete the default code and paste the code above
- Click Add to chart
- Fibonacci levels appear automatically on the chart
Customize with AI
Want to adapt the indicator? Ask AI (ChatGPT or Claude) to modify it. Examples:
- “Change the lookback to 100 candles and add the 127.2% extension level”
- “Add buy arrows when price touches 61.8% in an uptrend”
- “Paint the chart background green when price is between 38.2% and 61.8%”
- “Convert this into a strategy with backtest”
💡 Tip
Fibonacci works best in markets with clear trend. In sideways markets, levels lose meaning. Combine with other indicators (EMA, RSI) to confirm entries.
🚀 Test the indicator on TradingView and apply it on Deriv (free demo account):
Open Deriv Demo Account →📚 Related
→ How to Build Indicators with AI (Complete Guide)
→ 10 Ready Pine Script Indicators
→ Start Here
⚠️ Educational indicator. Trading involves risk. Disclaimer.