Fibonacci Confluence Zone Finder – Multi-Swing Clusters

Indicators MetaTrader 4 Free

Identifies zones where Fibonacci levels from multiple swing points align at the same price.

Algorithm:

  1. Finds 4-5 significant swing points
  2. Calculates Fib levels (38.2%, 50%, 61.8%, 78.6%) from each swing pair
  3. Scans for clusters where 2+ levels converge within tolerance
  4. Ranks by density (more levels = stronger)

Features:

  • Confluence zones drawn as shaded rectangles
  • Color by strength: yellow (2), orange (3), red (4+)
  • Labels showing contributing levels
  • Individual Fib lines optional
  • Alert when price enters strong zone
  • Works on all timeframes — best H1, H4, D1