This is a fib ladder template. The image uses a 200 ema but you can easily change the ema. Then Fibonacci based lines are offset from this creating a channel. Stay on the right side of the ema and use the fib lines for support and resistance. Simple but it works.
January 2nd, 2010
Size: 4.69 KB
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websouth
Exported using NT 7.0.0.10
dsFibConfluence is a NinjaTrader indicator which draws Fibonacci extensions from various high and low pivot points. The random lines create what is commonly known as the fib cluster or the fib confluence points. The Fibonacci confluences acts as a good support/resistance points.
dsFibConfluence uses the Zigzag function to detect the pivot points, and uses the pivots to draws three fib extention levels. One at 161.8%, the other at 261.8% and the last at 423.6% of the swing.
March 9th, 2010
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bukkan
Written by Dr Ben.
Please, do not share outside the Elite Circle!
A simple but very useful NT7 indicator, it will automatically draw and update a Fibonacci Extensions NinjaTrader Tool. When you apply this indicator to a chart, it will place a "X" marker in the "hidden" far right (drag the chart to the left if invisible) at the current Close, where it will remain inactive.
To activate the tool simply drag the "X" marker to the bar where the Anchor1 should be and it will draw the extension levels defined in your Default template. If the "X" marker is placed anywhere below and within +/- 2 bars of the intended pivot bar, it will draw the Fib Extensions using the Highest High after that bar as Anchor2 and the Lowest Low after Anchor2 as Anchor3. If this end point "ratchets" it will automatically update the levels.
Similar operation to draw down, place the "+" somewhere above the high of the pivot bar (Anchor1), and it will draw and update the Fib Extensions Levels using the Lowest Low (Anchor2) after that bar and the Highest High (Anchor3) after it.
To remove the Fib levels simply drag the "X" marker back past the current bar to its "hiding place". You can open several instances of the indicator to draw different possible starting extensions levels. The default marker symbol "X" can be replaced by any other text and style from your choosing and displaced right by the MarkerShift parameter from the indicator panel.
For proper operation you must set up your Fib Extensions levels in the Fibonacci Extensions Default template. Draw a Fibonacci Extension using the F9 shortcut, double-click on it, select Default in the template drop down, change the %s and styles to your preferred settings, then Right-Click on the panel to save them as the new Default settings, and you are ready to use it.
Fibonacci Cluster Version 14 for Ninja 7 (April 2010)
Exported using NT Version 7.0.0.17, will not run on NT 6.5
Indicator displays Fibonacci retracements and extensions for intraday and daily charts based on swing highs and lows.
Labels: Fib lines labeled A-E are calculated from 5-day primary swing highs or lows, those labeled S refer to a recent swing high and low of order 2 or 3, those labeled Y and Z are calculated from swing lows and today’s high and low, if applicable. Extensions from highs and lows that have been taken out are labeled X, you will also find additional support and resistance from prior swing highs and lows that have been taken out. An example: “D+ 76.4 (28 Jan)” means that prices touching this line have retraced 76.4% within a Fib retracement defined by the swing high from January 28 and the lowest low between this date and the end of the session of yesterday.
Multiple Lines: All Fib values are rounded to full ticks. If several Fib values are rounded to the same price, the indicator will display “Multiple Fíb” and display the number of Fib lines.
Lookback period: The indicator will only take into account Fib retracements within the look back period of the chart. You can increase or reduce the look back period of the indicator via indicator dialogue.
Filter: The filter can be set to values between 0 and 100. Default setting is 85. If a swing low defining a Fibonacci retracement occurred 100 days ago, all lows during the following 15 days will be ignored, only lows during the last 85% of the 100 day range will be used for Fib retracements. If you do not want to use the filter, you may set it to 100.
Select your lines: The indicator will display quite a number of lines, usually too many to use it for trading. It is therefore recommended to either use the short or the long end of the lookback period. If you want to use the short end, leave all lines A to Z selected, but reduce the lookback period of the indicator to 5 or 10 days. If you want to select the long end, set the lookback period to a minimum of 100 days, but unselect the Y and Z lines.
April 18th, 2017
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Not earth-shattering, but handy nonetheless: Fibonacci Lines for different time periods.
The PowerLanguage file contains the following indicators:
Fibonacci Lines (Daily); this indicator plots the Fibonacci lines for the current day;
Fibonacci Lines (Yesterday); this indicator plots on the current day the Fibonacci lines for yesterday;
Fibonacci Lines (Weekly); as you guessed it, this indicator plots the weekly Fibonacci lines.
Each of these indicators have the following features:
Fibonacci lines 76.4%, 61.8%, 38.2%, 23.6% as well as the high, low, and 50% level;
Option to individually turn each of these lines off;
Fibonacci levels are rounded to the number of decimals of the instrument;
To keep MultiCharts as efficient as possible, the new Fibonacci levels are only calculated at the close at the bar instead of on every tick. You can change the code to calculate on every tick.
Option to only display the current Fibonacci levels and not those of the previous day(s). This prevents chart skewing at the beginning of the day, when the current price is some distance from the previous Fibonacci levels, which leads to ugly charts. (See the attached screenshot to see how not plotting the values for yesterday gives a much clearer chart).
You can turn the upper and lower extentions on and off independently in different time frames. The price range that is used is from high and low of the previous time period.