Indicator · Pine Script v5 · On the chart

Fibonacci Speed Fan & Time Zones

by dcaoyuan

This indicator automatically identifies swing highs and lows over a 100-bar lookback window on the most recent bar to draw Fibonacci technical overlays.

View on GitHub

Repaints

GitHub stars55on the repository
Pine versionv5runs as is
Lines of code41
Settings0inputs
LicenceApache-2.0
Last update6 months ago20 Apr 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

41 lines of Pine Script v5 from public/indicators/fibfanlines.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.

fibfanlines.pine
//@version=5
indicator("Fibonacci Speed Fan & Time Zones (line.*)", overlay=true, max_lines_count=200)

var int lookback = 100
if barstate.islast
    float hh = ta.highest(high, lookback)
    float ll = ta.lowest(low, lookback)
    int hh_bar = bar_index + ta.highestbars(high, lookback)
    int ll_bar = bar_index + ta.lowestbars(low, lookback)
    
    // Determine the primary swing
    int start_bar = ll_bar
    float start_price = ll
    int end_bar = hh_bar
    float end_price = hh
    
    // 1. Fib Speed Resistance Fan (Lines from start to specific vertical heights at end_bar)
    array<float> fib_levels = array.from(0.236, 0.382, 0.5, 0.618, 0.786)
    array<color> fib_colors = array.from(color.red, color.orange, color.yellow, color.green, color.blue)
    
    float price_diff = end_price - start_price
    
    // Draw the main trendline (White)
    line.new(start_bar, start_price, end_bar, end_price, color=color.white, width=2, extend=extend.right)
    
    // Draw Fan Lines
    for i = 0 to array.size(fib_levels) - 1
        float lvl = array.get(fib_levels, i)
        color col = array.get(fib_colors, i)
        float target_price = start_price + price_diff * lvl
        line.new(start_bar, start_price, end_bar, target_price, color=col, width=1, style=line.style_solid, extend=extend.right)
        
    // 2. Fibonacci Time Zones (Vertical lines)
    array<int> fib_time = array.from(8, 13, 21, 34, 55, 89)
    for i = 0 to array.size(fib_time) - 1
        int t_offset = array.get(fib_time, i)
        int t_bar = start_bar + t_offset
        if t_bar <= bar_index + 30 
            line.new(t_bar, ll, t_bar, hh, color=color.new(color.gray, 50), width=1, style=line.style_dashed, extend=extend.both)

plot(close, color=color.new(color.blue, 100))

Overview

Fibonacci Speed Fan & Time Zones plots a primary trendline between the detected swing points, alongside extended speed fan lines at standard ratios including 0.236, 0.382, 0.5, 0.618, and 0.786. It also projects vertical dashed lines for Fibonacci time zone intervals directly on the price chart. Because line drawings dynamically re-anchor based on the latest 100-bar range, lines adjust as new bars form.

Details

Published by

dcaoyuan on GitHub

Type

Indicator, Pine Script v5

Draws

On the price chart

Category

Support & resistance

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

  • Signals can change on the live bar or after it closes (repainting)

Topics

aicharttradingvibepinescripttechnical-analysispinestock

Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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