Fibonacci Golden Zone Auto-Draw

Disclaimer: This script is for educational purposes only and does not constitute financial advice. Use at your own risk.

Fibonacci Golden Zone Auto Draw is a smart tool that automatically detects the most recent market swing and highlights the high probability reversal area known as the Golden Zone (0.618 to 0.65 retracement).

Key Features

• Auto Detection: Instantly finds the active High Low or Low High swing leg using customizable pivot sensitivity.
  Golden Zone Visualization: Draws a clean color coded box (green for bullish, red for bearish) exactly where price is likely to reverse.
  
• Dynamic Updates: Adjusts in real time as new pivots form, so your chart always shows the latest relevant levels.
  

How to Use

• Pivot Left Bars: Sets how many bars to the left of a candle must be lower for a high or higher for a low to register as a pivot. Larger values find more significant longer term swings.
  Pivot Right Bars: Sets how many bars to the right must confirm the pivot. Lower values detect pivots faster but may be less stable, while higher values wait for stronger confirmation.
  

Perfect for traders who want to spot retracement entries without manually drawing Fibonacci tools on every setup.