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Stop Guessing Your Entries. Start Trading With Precision.
precisionfib automatically draws fibonacci retracement and extension levels from the previous bar’s range — or any multi-bar range you choose — giving you the highest-probability entry zones used by institutional and prop firm traders.
Most retail traders enter at random. Professional traders enter at value — the 38.2%, 50%, and 61.8% retracement of a key range. PrecisionFib puts those levels directly on your chart, automatically.
Why This Tool Gives You an Edge:
- ✅ Enter on retracements instead of chasing — more pips from the start
- ✅ Place your stop loss just beyond the range high/low — tighter, logical SL placement
- ✅ Better Risk:Reward on every trade — pass prop firm challenges with ease
- ✅ Works on any pair, any timeframe — Gold, Forex, indices, crypto
- ✅ Multi-bar range mode — capture 1, 2, 3+ bar consolidation ranges for wider zones
- ✅ Show/hide toggle button — clean chart when you don’t need it
- ✅ Fully customisable colours, line styles, labels and extensions
How It Works: Set BarIndex to target the previous closed bar (or further back). Set RangeBars to 1 for a single bar range, or increase it to capture the high/low of multiple bars — perfect for consolidation zones and session ranges. Fibonacci retracements draw between the range High and Low. Extensions project above and below for breakout targets.
Ideal For:
- Prop firm traders (FTMO, MyForexFunds, etc.)
- ICT / SMC traders looking for precision entries
- Scalpers and swing traders wanting tighter stop losses
- Anyone who wants institutional-quality levels without the guesswork
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