3 Fib Strategy – Automatic Trend Fib Extension Confluence

What This Script Does
✔ Auto-detects swing highs and lows

Using pivot detection, adjustable by the user.

✔ Builds 3 independent trend-based Fib extension projections

Measures:

Wave 1 → Wave 2 → Wave 3

Wave 2 → Wave 3 → Wave 4

Wave 3 → Wave 4 → Wave 5

✔ Calculates the exact fib levels:

1.0 (1:1 extension)

1.236 extension

1.382 extension

✔ Detects confluence zones

When all 3 fib measurement sets overlap at the same target:

Green label = 1:1 confluence

Orange label = 1.236–1.382 confluence

✔ Draws long dotted lines across the chart

So you can visually track confluence zones.