Auto Fibonacci Retracement: Trading Dips and Rips

The Auto Fib Retracement indicator automatically plots key retracement levels on the chart. Its main advantage over manual drawing is that it identifies swing highs and lows and continuously monitors the market to adjust to the new price action and trend changes. — Key points: Automated drawing Identify areas of confluence Scan multiple charts — Try on Supercharts ➡️ https://www.tradingview.com/chart/ — Explore our educational articles: Auto Fib Retracement ➡️ https://www.tradingview.com/support/s... TradingView indicators: simple steps to get started ➡️ https://www.tradingview.com/support/s... Getting started with TradingView ➡️ https://www.tradingview.com/support/g... — Timestamps: 00:00 Intro 00:24 What is Fibonacci 01:14 Add to your chart 01:52 Settings 05:35 Replay tool example 07:50 Adding the 0.65 level 09:28 Key fibonacci levels 09:46 Use with other Indicators 10:22 Recalculating Fib levels 11:02 Recap and alternate fib tools 11:58 Deviation and Depth settings — @TradingView is the only official TradingView YouTube channel. TradingView does not provide brokerage services. All the information in this video is for educational purposes only and does not constitute financial, trading, or investment advice. — For more updates: Try TradingView ➡️ https://www.tradingview.com/ Read our blog ➡️ https://www.tradingview.com/blog/ Explore trading ideas ➡️ https://www.tradingview.com/ideas/ Follow us on X ➡️ https://x.com/tradingview/ Subscribe ➡️    / @tradingview   — Get $15 for every friend you invite to join our globally-minded community — https://www.tradingview.com/share-you... — #Trading #TechnicalAnalysis #AutomatedAnalysis #Fibonacci #SupportandResistance