AI Auto Fibonacci Retracement Tool

AI Auto Fibonacci Retracement Tool finds the most recent significant swing high and swing low on your chart automatically and draws a complete, live-updating Fibonacci retracement grid between them - no more manually dragging Fibonacci lines from swing to swing every time price makes a new high or low.

KEY FEATURES
- Automatically detects fractal-style swing highs and swing lows using a configurable lookback window, without repainting already-confirmed swings.
- Draws a full Fibonacci retracement object with all standard levels: 0%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, and 100%.
- Automatically redraws and updates the moment a newer, more recent swing pair is confirmed - the grid always reflects the current market structure.
- Optional Fibonacci extension levels (161.8% and 261.8%) plotted as horizontal reference lines beyond the swing range, for projecting potential continuation targets.
- Arrow markers placed directly on confirmed swing highs and swing lows, so you can visually verify exactly which points the Fibonacci grid is anchored to.
- Fully customizable Fibonacci line color.

INPUTS
- Swing Lookback: number of bars on each side required to confirm a fractal swing point
- Show Extensions: toggle the 161.8%/261.8% extension lines
- Fibo Color: customize the retracement grid color

WHO IS THIS FOR
Traders who use Fibonacci retracement and extension levels for entries, targets, and confluence zones but are tired of manually redrawing them every time the market structure shifts. This indicator keeps the grid current automatically, so you can focus on trade decisions rather than chart maintenance.

Works on any symbol and timeframe - the swing detection lookback can be tuned to match scalping, intraday, or swing-trading timeframes.

Need this tool customized for your own strategy, or an advanced version with extra filters and alerts? Send me a private message on MQL5 and I will reply with an estimate.