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How to Build a Dynamic Fibonacci Forecast Tool in Pine Script (The Clean Way)

  • In Pine Script, using persistent variables (var) is essential for building a dynamic Fibonacci forecast tool.
  • By defining clear structure conditions, Fibonacci projections can have clear anchors that evolve as price evolves.
  • Using plot() and ternary fallback, the Fibonacci zones can be plotted only if a valid swing exists, reducing clutter and confusion.
  • Logic can be added to track shifts and attach alerts when a projected zone is touched or tested, integrating the tool into trade workflows.

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