Polar Auto Fibonacci Pro - [Rehan Khanani]Polar AutoFib Pro
Polar AutoFib Pro is a professional all-in-one trading indicator that combines two powerful systems into a single clean overlay—a trend-following buy/sell signal engine and an automatic Fibonacci retracement tool. No need to juggle multiple indicators; everything you need is right here on the chart.
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HOW IT WORKS
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This indicator runs two engines simultaneously:
Engine 1 — PolarEdge Signal System
Generates high-probability Buy and Sell signals by combining three confirmations:
1. EMA 200 — The primary trend filter. When the price is above the EMA, the system looks for Buy setups. When the price is below, it looks for Sell setups. This keeps you trading with the dominant trend at all times.
2. Supertrend — A dynamic volatility-based band that confirms trend direction. The green band confirms bullish momentum; the red band confirms bearish momentum.
3. RSI (Relative Strength Index) — Used as a momentum trigger. A BUY signal fires when RSI crosses up from the oversold zone (default 30). A SELL signal fires when RSI crosses down from the overbought zone (default 70).
All three conditions must align simultaneously—this triple-confirmation logic filters out weak and false signals.
Engine 2 — Auto Fibonacci Retracement
Automatically detects the most recent swing high and swing low using pivot point calculations, then draws the complete Fibonacci retracement grid in real time — no manual drawing required.
The indicator identifies whether the last major pivot was a high or a low, determines the swing direction, and plots all key levels accordingly. When a new swing forms, the levels update automatically.
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FIBONACCI LEVELS INCLUDED
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0 / 0.236 / 0.382 / 0.5 / 0.618 / 0.786 / 1
1.618 / 2.618 / 3.618 / 4.236
Each level is independently toggleable with its own color control. You can show values as decimals or as percentages. Labels can be positioned on the left or right side of the chart. Line extension can be set to Left, Right, or Both directions.
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KEY FEATURES
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- Triple-confirmation Buy/Sell signals (EMA + Supertrend + RSI)
- Automatic Fibonacci retracement — no manual drawing needed
- Real-time swing detection using pivot high/low logic
- Dynamic trend background (subtle green/red shading behind candles)
- 11 fully customizable Fibonacci levels with individual color pickers
- Toggle each Fib level on/off independently
- Show prices and/or level values on labels
- Labels position: Left or Right
- Line extension: Left, Right, or Both
- Reverse Fib direction toggle
- Works on all assets: Forex, Crypto, Commodities, Indices, Stocks
- Works on all timeframes
- 6 built-in alert conditions (see Alerts section below)
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SETTINGS GUIDE
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Group 1 — PolarEdge Signal Settings
- Trend Baseline EMA: Period for the main trend filter (default 200)
- RSI Length: RSI calculation period (default 14)
- RSI Overbought Level: Sell trigger threshold (default 70)
- RSI Oversold Level: Buy trigger threshold (default 30)
- Show EMA 200: Toggle the EMA line on/off
- Show Supertrend Bands: Toggle the Supertrend lines on/off
Group 2 — Auto Fibonacci Settings
- Pivot Depth: Number of bars to look back for swing detection (default 10). Lower = more sensitive, Higher = fewer but stronger pivots
- Reverse Fib Direction: Flips the Fib measurement direction
- Extend Left / Right: Controls how far Fib lines extend on the chart
- Show Prices: Displays exact price on each level label
- Show Level Values: Displays the Fib ratio on each level label
- Level Format: Choose between decimal values or percentage display
- Labels Position: Place labels on the Left or Right side
Group 3 — Fibonacci Levels
- Toggle each of the 11 levels individually
- Customize the value and color of every level
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ALERT CONDITIONS (6 Total)
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1. BUY Alert — fires on every confirmed Buy signal
2. SELL Alert — fires on every confirmed Sell signal
3. Any Signal — fires on either Buy or Sell
4. Fib 0.618 Cross — price crosses the Golden Ratio level
5. Fib 0.5 Cross — price crosses the midpoint level
6. Fib 0.382 Cross — price crosses the key retracement level
To activate: click the alarm clock icon on the indicator, select your desired condition, and set your notification method.
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HOW TO USE
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Step 1 — Identify trend direction using the EMA 200 and the background color. Green background means bullish bias; red background means bearish bias.
Step 2 — Watch for a BUY or SELL label to appear. This confirms all three conditions (EMA, Supertrend, RSI) have aligned.
Step 3 — Use the automatically drawn Fibonacci levels to plan your entry, stop loss, and take profit targets. Common setups: enter near the 0.382 or 0.5 retracement, target the 0 or -0.236 extension, stop below the 0.618 or 0.786 level.
Step 4 — Set alerts on your preferred Fibonacci levels to be notified when price reaches key zones.
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RECOMMENDED TIMEFRAMES
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- Scalping: 1m, 5m, 15m
- Intraday: 30m, 1H
- Swing Trading: 4H, Daily
- Position Trading: Weekly
The indicator adapts to any timeframe automatically.
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DISCLAIMER
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This indicator is a technical analysis tool designed to assist in identifying potential trading opportunities. It does not guarantee future results. Always apply proper risk management and conduct your own analysis before entering any trade. Past signal performance is not indicative of future results.
Indicador Pine Script®












