Enigma Endgame with Dynamic Trend-Based Fibonacci

The Enigma Endgame with Dynamic Trend-Based Fibonacci indicator provides a comprehensive trading framework that identifies market structure shifts by combining fractal support/resistance logic with automated Fibonacci retracement levels.

Usage

The script is designed to identify high-probability entries during specific trading sessions. Traders can use the visual cues to stay aligned with market momentum:

• Bullish Signals: A green triangle appears when a candle body closes above a previous high (fractal resistance turning into support) while price remains within specific Fibonacci retracement zones.
• Bearish Signals: A red triangle appears when a candle body closes below a previous low (fractal support turning into resistance) and price is rejected from Fibonacci extension levels.
• Session Filtering: The tool includes built-in filters for London and US trading sessions, allowing users to focus on periods of higher liquidity and volatility.
• Risk Management: Upon signal generation, the script automatically plots potential Stop Loss (SL) and Take Profit (TP) levels, which can be adjusted via the Reward Multiplier setting.

Details

The indicator operates on two core pillars of technical analysis:

1. Dynamic Fibonacci Levels: The script automatically calculates swing highs and lows based on a user-defined lookback period. It then projects four customizable Fibonacci levels that adjust in real-time as market structure evolves.
2. Fractal Momentum Logic: It tracks the transition between support and resistance. When a previous fractal level is broken by a candle body close, the script interprets this as a shift in market sentiment.
3. Statistical Tracking: An on-chart dashboard tracks the performance of signals (wins/losses and win rate) based on a simulated 30-candle horizon to provide immediate feedback on current market conditions.

Settings

Session & Market

• London/US Start/End Hour: Defines the UTC time windows during which signals are allowed to trigger.
• Manual Pip Size: Allows for manual override of pip calculations, useful for non-standard assets like Gold (XAU) or Indices (NAS100).

Risk & Display

• Reward Multiplier: Sets the risk-to-reward ratio for the calculated TP levels.
• Show Win Rate Table: Toggles the visibility of the performance tracking dashboard.
• Hide SL and TP Lines: When enabled, removes the projected price lines from the chart for a cleaner interface.

Strategy Parameters

• Swing Lookback Period: Determines how many candles are used to identify the recent swing highs and lows for Fibonacci plotting.
• Fibonacci Levels (1-4): Customizable inputs to set specific retracement or extension ratios (defaulted to 0.5, 0.618, 0.72, and 0.99).

FAQ

How do I use the signals from the Enigma Endgame with Dynamic Trend-Based Fibonacci? You should look for confluence between the trend-based arrows and the dynamic Fibonacci zones during the highlighted London or US trading sessions.

Can I use this for scalping or swing trading? Yes, the script supports multi-timeframe analysis. You can adjust the "Swing Lookback Period" to suit shorter scalping timeframes or longer swing trading perspectives.

How can I access this indicator? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.