KS Fibonacci Tool

KS Fibonacci Tool is a custom MetaTrader 5 indicator designed to automatically detect the current Smart Money Concept (SMC) market structure leg and draw Fibonacci levels on it in real-time.

Core Purpose

It helps traders visualize Fibonacci retracement and extension levels based on the most recent significant price swing (structure leg), which is a common approach in ICT/SMC trading methodologies.

Key Features

• Automatic Market Structure Detection:
  • Identifies bullish and bearish legs by tracking swing highs and lows.
  • Detects structure breaks using either candle body or candle wick (configurable).
  • Maintains the current structure’s high and low.
• Visual Elements:
  • Draws two horizontal lines representing the current structure high and low (in blue by default).
  • Draws up to 5 customizable Fibonacci levels on the current leg:
    • Default levels: -0.25, 0.0, 0.5, 1.0, 1.25
    • Each level has its own color, line style, and width.
• Dynamic Behavior:
  • Updates in real-time as price moves.
  • When a structure break occurs, it resets and starts a new Fibonacci projection on the new leg.
  • Labels show both the Fibonacci ratio and the exact price level.