The Elite Circle - BMT Envelope Expansion Fib Bands v2.03
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BMT Envelope Expansion Fib Bands v2.03 5 *
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 If you feel the bands are too tight, you can raise this value, but it will no longer represent the real retracement levels of the daily ATR.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.


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

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

November 19th, 2010
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Keywords: bands envelope fibonacci


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