This overlay indicator finds pivot highs and lows on the price chart and compares the last two highs and the last two lows. When the percentage difference between a pair is below the Equal HL threshold, it treats them as equal levels and draws a box. Left and
Indicator · Pine Script v6 · On the chart
Fractal Fibonacci
An overlay indicator that builds a dealing range from the latest fractal high and fractal low, using a 3-bar or 5-bar fractal with an adjustable confirmation period.
GitHub stars1on the repository
Pine versionv6current
Lines of code377
Settings18inputs
LicenceCustom licence
Last update3 days ago26 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Fractal Fibonacci draws Fibonacci levels at 0, 0.5 and 1 to separate discount, equilibrium and premium, and rebuilds the range when a new fractal breaks it. It can also draw recent fair value gaps as boxes. Fractals confirm a few bars late, and colors, widths and styles are adjustable.
- Fractal-based dealing range
- Premium, equilibrium and discount levels
- Three or five bar fractals
- Fair value gap boxes
- Per-level color, width and style
Details
Published by
Metaprogramlabs on GitHub
Code credit
Meta, as written in the script's header
Type
Draws
On the price chart
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
fibonaccifractalspine-scriptpinescriptsmart-moneytrading-indicatortradingviewdealing-range
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Show fractals | bool | true | showFractals |
| Fractal periods | int | 2 | fractalPeriods |
| 3 or 5 bar fractal | string | 5 | fractalBars |
| Show Fibonacci levels | bool | true | showFibo |
| Color | color | color.new(color.gray, 0) | fibo0Color |
| Width | int | 1 | fibo0Width |
| Style | string | Solid | fibo0Style |
| Color | color | color.new(color.red, 0) | fibo50Color |
| Width | int | 1 | fibo50Width |
| Style | string | Dashed | fibo50Style |
| Color | color | color.new(color.gray, 0) | fibo100Color |
| Width | int | 1 | fibo100Width |
Show all 18 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Style | string | Solid | fibo100Style |
| Label size | string | small | fiboLabelSize |
| Label offset (bars) | int | 0 | fiboLabelOffset |
| Show imbalances (FVG) | bool | true | showImbalances |
| Number of imbalances | int | 5 | imbalanceCount |
| Imbalance (FVG) color | color | color.new(color.blue, 85) | fvgColor |
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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