Holy Grail Fibonacci-Based EMA Support/Resistance (Free)

Every trader needs reliable support and resistance — but static zones and lagging indicators won't cut it in fast-moving markets. This script combines a Fibonacci-based 5-EMA stacking system that creates dynamic support & resistance logic to uncover real-time structural shifts & momentum zones that actually adapt to price action. This isn’t just a mashup — it’s a complete built-from-the-ground-up support & resistance engine designed for scalpers, intraday traders, and trend followers alike.

🧠 🧠 🧠What It Does🧠 🧠 🧠
This script uses two powerful engines working in sync:

1️⃣ EMA Stack (5-EMA Framework)
Built on Fibonacci-based lengths: 5, 8, 13, 21, 34, this stack identifies:
🔹 Bullish Stack: EMAs aligned from fastest to slowest (uptrend confirmation)
🔹 Bearish Stack: EMAs aligned inversely (downtrend confirmation)

🟡 Narrowing Zones: When EMAs compress within ATR thresholds → possible breakout or reversal zone
🎯 Labels identify key transitions like:
✅"Begin Bear Trend?"
✅"Uptrend SPRT"
✅"RES?" (resistance test)

2️⃣ Pivot-Based Projection Engine
Using classic Left/Right Bar pivot logic, the script:
📌 Detects early-stage swing highs/lows before full confirmation
📈 Projects horizontal S/R lines that adapt to market structure
🔁 Keeps lines active until a new pivot replaces them
🧩 Syncs beautifully with EMA stack for confluence zones

🎯🎯🎯Key Features for Traders🎯🎯🎯

✅ Trend Detection
→ EMA order reveals real-time bias (bullish, bearish, compression)

✅ Dynamic S/R Zones
→ Historical support/resistance levels auto-draw and extend

✅ Smart Labeling
→ “SPRT”, “RES”, and “Trend?” labels for live context + testing logic

✅ Custom Candle Coloring
→ Choose from Bar Color or Full Candle Overlay modes

✅ Scalper & Swing Compatible
→ Use fast confirmations for scalping or stack consistency for longer trends

⚙️⚙️⚙️How to Use⚙️⚙️⚙️

✅Use Top/Bottom (trend state) Line Colors to quickly read trend conditions.
✅Use Pivot-based support/resistance projections to anticipate where price might pause or reverse.
✅Watch for yellow/blue zones to prepare for volatility shifts/reversals.
✅Combine with volume or momentum indicators for added confirmation.

📐📐📐Customization Options📐📐📐

✅EMA lengths (5, 8, 13, 21, 34) — fully configurable
✅Left/Right bar pivot settings (default: 21/5)
✅Label size, visibility, and color themes
✅Toggle line and label visibility for clean layouts
✅“Max Bars Back” to control how deep history is scanned safely

🛠🛠🛠Built-In Safeguards🛠🛠🛠

✅ATR-based filters to stabilize compression logic
✅Guarded lookback (max_bars_back) to avoid runtime errors
✅Works on any asset, any timeframe

🏁🏁🏁Final Word🏁🏁🏁

This script is not just a visual tool, it’s a complete trend and structure framework. Whether you're looking for clean trend alignment, dynamic support/resistance, or early warning labels, this system is tuned to help you react with confidence — not hindsight.

Rembember, no single indicator should be used in isolation. For best results, combine it with price action analysis, higher-timeframe context, and complementary tools like trendlines, moving averages etc Use it as part of a well-rounded trading approach to confirm setups — not to define them alone.

Additionally, this has been a work-in-progress for many months. While this script is feature rich, it is the "free" version of an even more feature rich iteration that's coming soon. So if this script "tickles your fancy" then you'll love Holy Grail Pro even more 💥

💡💡💡Turn logic into clarity. Structure into trades. And uncertainty into confidence.💡💡💡