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BMT Envelope Expansion Fib Bands v2.03

Attached is version 2.03. It does NOT work in NT 6.5 but does work in NT 7 with beta 22 or later.

Again, this is a major rewrite. Backup your old copy first, this one will overwrite it. If you don't like the new one you can go back to the old one this way.

There are two parameter options.

Multiplier - 1.0 is normal. If you feel the bands are too tight, you can raise this value, but it will no longer represent the real retracement levels of the daily ATR.

ATR Length - 7 is default. Lower will adapt more quickly to a changing market (like the recent huge fluctuations on CL). Higher will adapt slower.

I've added two extra bands to show the 100% and 161.8% levels. I've set the default colors the way I like them, which is different than the last version so take note. I also like the bands to blend into the chart, so the Alpha opacity is set for each plot.

You'll need to redo your template as the Plot names and settings have changed.

The histogram has been removed.

As far as I can tell, I've solved the math bugs. Please report any problems.

Mike

COMPATIBILITY:
NinjaTrader 6.5: NO
NinjaTrader 7.0: YES beta 22 or later only

Category The Elite Circle

Details: BMT Envelope Expansion Fib Bands v2.03
Category: The Elite Circle

November 19th, 2010
Size: 8.20 KB

Keywords: bands envelope fibonacci

Comments/ratings

Trad3r December 4th, 2010 11:31 AM

No Comment

photog53 December 12th, 2010 04:36 PM

No Comment

thinkfuture March 20th, 2011 04:54 PM

This made a lot of sense to me. I translated this to Easy Language for use with Trade Station.
Thanks.

taylor August 17th, 2011 04:01 AM

This looks good. Makes dynamic s/r easier to define

schuster21 September 28th, 2011 12:49 PM

THANKS VERY HELPFUL

Randwulf October 4th, 2011 08:31 AM

Just a thank you for your efforts Mike.

Morpheus January 20th, 2012 03:55 PM

Very Nice! Thanks Much!

GD2013 November 28th, 2013 08:54 AM

Another great indicator thanks

Bobi December 6th, 2013 07:15 AM

Thank you,

JimmyB 2011 April 10th, 2014 07:15 AM

great thanks

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