Fibonacci Retracement Alerts for Futures
Drawing a Fibonacci retracement on every swing of every chart is slow work. This scanner does it automatically on 16 futures markets: it finds the latest swing leg, works out the retracement levels, and alerts you when a candle closes at one.
What is a Fibonacci retracement?
A retracement measures how far price pulls back against a move. Draw it from a swing low to the following swing high (or the reverse) and the tool marks levels at fixed fractions of that leg, such as 38.2%, 50% and 61.8%. Traders watch those levels as places where a pullback might stall.
ICT-style traders also single out the "optimal trade entry" zone, roughly the 62% to 79% retracement. This scanner treats 61.8% to 88.8% as that zone, and counts an alert inside it towards its confluence score.
Bullish and bearish Fibonacci retracement examples
The dashed line is the 61.8% level of the leg, and the shaded band is the 61.8% to 88.8% "optimal trade entry" (OTE) zone.
Bullish Fib retracement 61.8% touched
Bearish Fib retracement 61.8% touched
How our Fibonacci scanner decides what counts
- Swings are found with a simple fractal rule: a candle whose high is the highest of the five candles before it and the three after it is a swing high, and the same for lows.
- A leg runs between two consecutive swings of opposite type. A low followed by a high is a bullish leg, a high followed by a low is a bearish leg.
- Levels are 0, 23.6, 38.2, 50, 61.8, 65, 70, 78.6, 88.8 and 100 percent of the leg.
- An alert fires when a candle closes within 2% of the leg's size from a level, and only the nearest level is reported.
- Only the most recent leg is live, so you are not alerted about levels from a leg that ended days ago.
What a Fibonacci alert looks like
Alerts read "GC 15m · Bullish Fib retracement 61.8% touched". The email or Discord version adds the price and the other structures overlapping that level.
Reading Fibonacci alerts with care
Fibonacci levels are the most subjective tool here: which swings you pick changes every level. The scanner uses one consistent rule so its levels are reproducible, but that rule is not the only reasonable one. Treat the alert as a prompt to look at the chart, not as a reason on its own to take a trade.
Setting up Fibonacci alerts
Choose "Fib retracement" as the alert type, then your markets and timeframes. Because the scanner only follows the most recent swing leg on each chart, you will not be alerted about levels from moves that ended long ago.
If you mainly care about the deeper retracements, the minimum confluence setting helps: a level inside the 61.8% to 88.8% zone counts as one overlapping structure, so it adds to the score of anything else at that price.
- Choose the alert type: Fib retracement.
- Pick your markets and timeframes.
- Optionally set a minimum confluence.
- Choose email, Discord or both.
- Press Send test.
The alert this scanner sends
| Alert | Sent when |
|---|---|
| Fib retracement touched | A candle closes within 2% of the leg's size from a Fibonacci level of the most recent leg. |
Frequently asked questions
What is the OTE zone?
Optimal trade entry. In ICT-style trading it is the deeper part of a retracement. This scanner uses 61.8% to 88.8% of the leg.
Which Fibonacci levels does the scanner use?
0, 23.6, 38.2, 50, 61.8, 65, 70, 78.6, 88.8 and 100 percent.
How are swing highs and lows chosen?
A candle is a swing high if its high is the highest of the five candles before it and the three after it, and a swing low by the same rule on lows.
Can I turn off Fibonacci alerts?
Yes. When you set up an alert, choose only the pattern types you want. Fibonacci retracement is one option among many.
Does a Fibonacci alert mean price will reverse?
No. It means a candle closed within 2% of the leg's size from a level. Price often runs through retracement levels, and which swing you pick changes every level, so use the alert as a prompt to look at the chart.
Why does it only report the most recent swing leg?
So you are not alerted about levels from a move that ended days ago. Only the latest leg is live, and only the nearest level to the close is reported.
Learn more and use it on a chart
- OTE trading strategy for futures — How optimal trade entry works, and where the 61.8% to 88.8% zone fits.
- ICT trading concepts for futures — Market structure, fair value gaps and liquidity explained for futures traders.
- Open the charting page — The chart tools, including fair value gap and inverse FVG drawing, live here.
Related scanners
- Order Block Scanner — Free live order block scanner for 16 futures markets. Displacement-validated bullish and bearish order blocks, with alerts you can set up.
- Fair Value Gap (FVG) Scanner — Free live FVG scanner for 16 futures markets. Watch fair value gap retests as candles close, see the rules it uses, and set up alerts.
- CRT (Candle Range Theory) Scanner — Free live CRT scanner for 16 futures markets. See candle range theory sweeps the moment they are confirmed, and set up alerts for them.
- Rejection Block Scanner — Free live rejection block scanner for 16 futures markets. Alerts when a block forms, is retested, or price returns to the rejection wick or its 50%.
- Live futures chart scanner — every alert type, updated as candles close.
Alerts are informational and are not trading advice. They show that a pattern was detected, not where price will go, and patterns often fail. Futures trading involves substantial risk of loss.