Explosive Move Fibonacci Levels

### **Explosive Move Fibonacci Levels - Indicator Description**

The **Explosive Move Fibonacci Levels** indicator is designed to identify significant price movements and automatically plot Fibonacci retracement levels based on the detected move. It provides traders with a **customizable** tool for analyzing market reactions to explosive price shifts.

#### **Key Features:**
✅ **Detects Explosive Moves**
- Uses customizable parameters to identify a strong price movement based on:
- Large candle body relative to an average lookback period
- Volume surge exceeding the historical average
- ATR-based volatility expansion

✅ **Automatically Draws Fibonacci Levels**
- Upon detecting an explosive move, the indicator **plots Fibonacci retracement levels** between the high and low of the move.
- Default levels: **23.6%, 38.2%, 50%, 61.8%, 78.6%** (fully adjustable).

✅ **Highly Customizable**
- **Modify Fibonacci levels**: Adjust retracement percentages for your strategy.
- **Customize colors**: Assign different colors to each level.
- **Adjust line properties**: Change line **width** and **style** (solid, dashed, dotted).
- **Control sensitivity**: Tune body size, volume, and ATR multipliers to refine move detection.

✅ **Visual Enhancements**
- Highlights **candles** that triggered an explosive move with a custom color.
- Draws **Fibonacci lines forward** on the chart for easy visualization.

#### **How It Works:**
1. The indicator scans for a candle that meets **explosive move conditions**.
2. If detected, it stores the **high** and **low** of that move.
3. Fibonacci retracement levels are calculated and plotted **forward** on the chart.
4. The **most recent explosive move** remains visible while previous levels are cleared.

### **Best Use Cases:**
📈 **Momentum Trading** – Identify strong moves and use Fibonacci levels for entries/exits.
📉 **Reversal Trading** – Spot potential pullbacks to key Fib levels after strong trends.
🕵️ **Trend Analysis** – Observe retracement behavior for confirming trend strength.

This indicator is ideal for traders looking to integrate **dynamic Fibonacci levels** with momentum-based setups. 🚀