14. Fib Levels
Fibonacci Retracement Levels screenr
What are Fib Levels?
Fib Levels are Fibonacci retracement levels automatically calculated based on key support and resistance levels (Key Levels). They help identify potential price reversal zones during corrective movements.
The system calculates five standard Fibonacci levels:
0.236
23.6%
Shallow retracement
0.382
38.2%
Moderate retracement
0.5
50%
Medium retracement
0.618
61.8%
Deep retracement (golden ratio)
0.786
78.6%
Very deep retracement
Two Level Directions
For each level, two directions are calculated:
Fib Up — retracement level for upward movement (long). Calculated from support level to price maximum.
Fib Down — retracement level for downward movement (short). Calculated from resistance level to price minimum.
Fib Levels Signals
Distance Metrics
We measure the percentage distance between the current price and each Fibonacci level.
Distance to FIB X (up) in % greater than
Alert triggers when the price is farther than the specified percentage from the Fib Up level.
BTCUSDT 1h, FIB 0.618 (up), 5% — triggers when price is ≥5% away from the 0.618 level.
Distance to FIB X (up) in % less than
Triggers when price approaches the Fib Up level within the specified percentage.
ETHUSDT 30m, FIB 0.382 (up), 2% — price within 2% of the 0.382 level.
Distance to FIB X (down) in % greater than
Alert triggers when the price is farther than the specified percentage from the Fib Down level.
SOLUSDT 4h, FIB 0.5 (down), 3% — triggers when price is ≥3% away from the level.
Distance to FIB X (down) in % less than
Triggers when price approaches the Fib Down level within the specified percentage.
LTCUSDT 1h, FIB 0.618 (down), 1% — price within 1% of the level.
Price Position Signals
These signals trigger when the price crosses a Fibonacci level.
Price above FIB X (up)
Signal triggers when the current price is above the Fib Up level.
Confirms uptrend strength — price holds above the retracement level.
Price below FIB X (up)
Signal triggers when the current price drops below the Fib Up level.
Potential long entry point — price has reached the retracement zone.
Price above FIB X (down)
Signal triggers when the current price is above the Fib Down level.
Potential short entry point — price has reached the retracement zone.
Price below FIB X (down)
Signal triggers when the current price drops below the Fib Down level.
Confirms downtrend strength — price holds below the retracement level.
How to Use Fib Levels Signals
Retracement Entry Strategy (Long)
Classic strategy — buying on pullback to Fibonacci levels in an uptrend:
Retracement Entry Strategy (Short)
Selling on pullback to Fibonacci levels in a downtrend:
Combination with Key Levels
Fib Levels work great together with key levels:
Screener Table Settings
The screener table includes columns for each Fibonacci level:
Fib Up Columns
Fib 0.236 Up
Price level and percentage distance to 0.236 (up) level
Fib 0.382 Up
Price level and percentage distance to 0.382 (up) level
Fib 0.5 Up
Price level and percentage distance to 0.5 (up) level
Fib 0.618 Up
Price level and percentage distance to 0.618 (up) level
Fib 0.786 Up
Price level and percentage distance to 0.786 (up) level
Fib Down Columns
Fib 0.236 Down
Price level and percentage distance to 0.236 (down) level
Fib 0.382 Down
Price level and percentage distance to 0.382 (down) level
Fib 0.5 Down
Price level and percentage distance to 0.5 (down) level
Fib 0.618 Down
Price level and percentage distance to 0.618 (down) level
Fib 0.786 Down
Price level and percentage distance to 0.786 (down) level
How to Add Fib Levels Columns to Screener
Open the screener settings click here
In the Table Screener section, select the desired levels
Columns can be sorted by distance or absolute value for quick search of coins near levels
TradingView Chart Indicator
Fibonacci levels are automatically displayed on the TradingView chart for each coin and timeframe.
Indicator Appearance
The indicator displays horizontal lines on the chart:
Fib Up lines — show retracement levels for long positions (from support upward)
Fib Down lines — show retracement levels for short positions (from resistance downward)
Each line is labeled with the corresponding level value (0.236, 0.382, 0.5, 0.618, 0.786).
Color Scheme Settings
Select the Fibonacci Retracement tool
Place two arbitrary points 1 and 0 on the chart. Open the tool settings by double-clicking on it. In the Style tab, you can enable/disable Fibonacci levels (we recommend using 0, 0.236, 0.382, 0.5, 0.618, 0.786, 1), as well as disable Background, and customize the color and thickness of lines for each level.
Click OK, the settings will be saved and will be automatically applied the next time you enable the Fib Up or Fib Down indicator.
How to Enable the Indicator
Open the coin chart in TradingView
The Fib Levels indicator is activated by clicking the Fib Up or Fib Down button on the top chart panel.
Levels are automatically recalculated when a new key level (Key Level) appears
Calculation Features
Fibonacci levels are tied to Key Levels and are updated:
When a new support or resistance level appears
When zone boundaries change (zone_low / zone_high)
When a new high or low is reached after level formation
If Key Levels have not yet been formed for a coin/timeframe, Fibonacci levels will not be displayed.
Fibonacci Levels Significance
0.236
Low
Very shallow retracement, strong trend
0.382
Medium
Moderate retracement, healthy pullback
0.5
High
Classic 50% level, frequently used
0.618
Very High
Golden ratio, key level for traders
0.786
High
Deep retracement, last line of defense
Tip: The 0.618 level (golden ratio) is considered the most important and is frequently used by professional traders to identify entry zones.
Cooldown (Spam Protection)
To prevent multiple triggers, Fib Levels signals use a cooldown mechanism:
Signal triggers once per candle on the current timeframe
After triggering, the next signal is only possible after the current candle closes
This is similar to the Key Levels mechanism
Example:
Frequently Asked Questions
What is the difference between Fib Up and Fib Down?
Fib Up — levels for upward movement. Calculated from support and show where the price may retrace during a correction in a bullish trend.
Fib Down — levels for downward movement. Calculated from resistance and show where the price may bounce during a correction in a bearish trend.
Why are some levels not displayed?
Fibonacci levels are calculated based on Key Levels. If a key level (support or resistance) has not yet been formed for a coin or timeframe, the corresponding Fib levels will be unavailable.
How often are levels updated?
Fibonacci price levels are updated on candle close when:
A new Key Level appears
Support/resistance zone boundaries change
A new extreme is formed (high for Fib Up, low for Fib Down)
Distance to the level is recalculated in real-time with each price tick.
Can Fib Levels be combined with other conditions?
Yes, Fib Levels can be combined with any other signal conditions:
Key Levels (support, resistance)
Indicators (RSI, MA)
Trends (trend conditions)
Volume and volatility
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