OPEN-SOURCE SCRIPT

Rise Fib To Downside Target Scanner by Wei

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# Previous Rise Fib Target Scanner

This indicator uses the Fibonacci levels of a previous upward move as potential downside targets for the current decline.

The user selects:

* The previous rise low
* The previous rise high
* The starting high of the current decline

Each Fibonacci level from the previous rise is treated as a possible decline endpoint. The script then builds a separate Fibonacci structure for every candidate and checks how well it aligns with confirmed pivot highs and lows formed during the decline.

Candidates are ranked by:

* Number of matching pivots
* Total alignment score
* Average deviation
* Match rate

The highest-ranked scenario is displayed on the chart together with its projected Fibonacci structure.

This tool is intended to compare multiple downside scenarios and identify the endpoint that best explains the price action formed so far. It does not guarantee that the projected target will be reached.

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