This is an indie that plots dynamic fib lines on the chart. It is courtesy of https://www.coiledmarkets.com/ They gave me permission to share it here on the site.
Basically, in real time, the key fib levels are plotted. It is similar to the BigMike's FibEnvelope but it only changes if a new high/low is made, otherwise the fib lines remain flat.
I use it for possible chop identification and in theory, possible targets for intrafib trades. Once prices close and hold below/above extreme fib lines, a possible mega bearish/bullish run is in the works. Not always, but it is a good signal to perhaps look for bigger runs.
I use it on NT7, not sure if it works on 6.5 or not.
Works on any range chart, time based chart, volume or tick chart.
Includes plots for HOD and LOD.
This indie requires a restart of Ninja.
The indicator shows up in the indicator window as "MyDynamicPivots" NOT Dynamic Fib Lines.
May 29th, 2014 06:13 PM dnkhoward2 Thank you very much!!!
June 28th, 2012 08:41 AM YellowTrader Hi, This is a very useful indicator but why is it that I can't find it in "Edit NinjaTrader Indicator" list to open the
code and change the ratio's . However I can find it on chart's indicator list to run it on my charts.
your guidance is appreciated.
January 7th, 2012 01:54 PM Abde
July 15th, 2011 09:29 PM madelynnjohnson This is an amazingly accurate indicator. Been looking for something like this for a year. THANKS!!!
August 13th, 2023 05:44 PM bluedot Thanks for sharing
July 1st, 2023 08:11 PM tcbtrader Wonderful! Thank you so much for sharing with us all. I've used James several times in the past and his indicators are
always top-notch!
June 20th, 2023 12:59 PM JanEva Thanks! It is being very useful to me. It's just what I was looking for.
May 28th, 2023 10:03 PM wcitadel Thank you.
March 10th, 2023 01:42 PM bobw199 Hey THANKS so much awesome indicator, used on a renko chart on the MK2 market went from 50 % line to the next 50 % line,
all day. This makes taking trades so much easier. Puts structure so visible on the chart.