Optimal TradingView settings, color scheme, and trading playbook — all in one place.
Copy these hex values into TradingView's Fib settings
Recommended TradingView Fib tool configuration
| Level | Zone | Action | Line Style |
|---|---|---|---|
| 0 / 1.0 | Anchor | Reference only — marks the swing range | Thin, gray, solid |
| 0.236 | Shallow | Weak reaction zone — skip unless scalping | Thin, light gray, dotted |
| 0.382 | Support | Watch for bounce in strong trends | Medium, blue, solid |
| 0.5 | Mid-Point | Psychological level — confluence booster | Medium, yellow, dashed |
| 0.618 | Golden | Primary entry zone — look for candle confirmation | Thick, gold, solid |
| 0.65 | Golden | Golden Pocket end — SL just below 0.786 | Thick, gold, solid |
| 0.786 | Danger | Deep pullback — trend weakening, tight SL | Medium, red, dashed |
| -0.618 | Target | Take Profit 1 — conservative exit | Medium, green, dashed |
| -1.618 | Target | Take Profit 2 — let runners ride | Medium, bright green, dotted |
Always use the same method — either wick-to-wick or close-to-close. Mixing them creates unreliable levels. Pick one and stick with it across all your charts.
A Fib level alone is a suggestion. A Fib level stacked with a horizontal S/R, a moving average, or a volume node becomes a high-probability zone. The more confluence, the better the trade.
Don't blindly enter at a Fib level. Wait for a reaction — engulfing candles, pin bars, RSI divergence, or a volume spike. Let price prove the level is being respected before committing.
Fib levels on the daily, weekly, and 4H charts carry far more weight than on the 5-minute. Use lower timeframes for entry timing, but anchor your fibs on the higher TF structure.
If entering at the Golden Pocket (0.618–0.65), place your stop-loss just below the 0.786 level. This gives the trade room to breathe while keeping risk defined and controlled.
Use -0.618 as a conservative TP and -1.618 for runners. In strong trends with momentum, price frequently reaches the -1.618 extension — trail your stop once TP1 is hit.
Draw from Swing Low → Swing High
Click the bottom of the move first, then drag up to the top. The retracement levels will appear below the high, showing where price may pull back to before continuing higher.
Draw from Swing High → Swing Low
Click the top of the move first, then drag down to the bottom. The retracement levels will appear above the low, showing where price may retrace to before dropping further.