do you think fibonacci indicator can help to buy dip and also buy back when retracement? Which one is most popular on tradingview.com?

 Yes, the Fibonacci retracement tool helps spot dip-buying and retracement entry zones by identifying key support levels (like 38.2%, 50%, and 61.8%) during a pullback. However, it is not a standalone magic signal; you must combine it with volume, trend context, or momentum indicators (like RSI or MACD) to confirm a bounce before entering. [1, 2, 3, 4, 5]

The native, built-in Fib Retracement tool located on the left-hand drawing toolbar of TradingView is the most popular and widely used option. Rather than community-made scripts in the indicator tab, professional and retail traders alike prefer the native tool because it allows manual, precise anchoring to custom swing highs and lows. [1, 2, 3, 4, 5]

How to Use It for Dips and Retracements

Identify the Trend: Confirm the asset is in a clear upward move before measuring.
Anchor the Tool: Drag the tool from the swing low up to the swing high.
Watch the Golden Zone: Focus heavily on the 50% and 61.8% retracement levels as potential accumulation areas.
Wait for Confirmation: Look for bullish candlestick patterns or rising volume before executing a buy order. [1, 2, 3, 4, 5, 6]