Description
Overview
Best Auto Fibonacci is built on a single, elegant principle: the market always remembers its most significant high and its most significant low within any defined lookback window. The indicator automatically identifies these two structural anchors every bar and draws the complete Fibonacci retracement grid between them — with zero manual intervention required from the trader.
The detection engine scans the user-defined range of bars (100, 200, or 300) and resolves the absolute highest high and absolute lowest low within that window. It then determines the directional context — whether the high was formed before the low (bearish structure) or the low before the high (bullish structure). This directional awareness is used to orient the connecting trend line correctly and to colour the pivot dots accordingly: red for the structural high, green for the structural low.
Best Auto Fibonacci was developed across multiple iterative sessions, beginning as a standalone Fibonacci extraction from the Oracle Pro suite. The Fibonacci engine was rebuilt and refined to operate as a clean, self-contained indicator with no dependency on any signal or trend logic.
The indicator was subjected to a full logic and script audit before finalisation, confirming correct behaviour on standard, weekly, and monthly charts — including edge cases such as flat markets (protected by a minimum range guard) and limited bar availability on higher timeframes (protected by an adaptive effective range cap).
