Fibonacci Retracements - futures io
futures io futures trading



Fibonacci Retracements


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one George with 4 posts (0 thanks)
    2. looks_two cory with 1 posts (1 thanks)
    3. looks_3 rassi with 1 posts (0 thanks)
    4. looks_4 Fat Tails with 1 posts (0 thanks)
    1. trending_up 8,562 views
    2. thumb_up 4 thanks given
    3. group 5 followers
    1. forum 8 posts
    2. attach_file 2 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Fibonacci Retracements

(login for full post details)
  #1 (permalink)
Sweden
 
Experience: Master
Platform: TT, NT, MetaTrader
Broker: Velocity Futures, MB Trading
Trading: EUR/USD
 
George's Avatar
 
Posts: 401 since Jun 2009
Thanks: 1,005 given, 1,314 received

Hey guys,

I have this highly annoying problem with the plotting of the Fibonacci retracements. I'm using this indicator created by Cory (it's simply awesome).
ZigZagUTC_TL_BarCount_Fibs.zip
The problem is that it's not plotting the defaults I'm choosing in the Fibonacci Retracement properties.

I've talked to Cory, and he said that the way it works for him is that he's able to manually choose the retracement properties, and that is what the indicator is plotting on the chart automatically. In my case, I'm able to decide the levels manually, but when the indicator is plotting the values, it's still plotting it's own default values (I guess the NT default values).

It looks like this:


The thing is that, I've been able to get it to plot the way it works for Cory as well. It simply just happened a couple of times. But believe me, it just happened. I didn't do anything at all in order to get it right. It just showed up like that, and on the next restart of the NT it went back to "normal".

I've spoken to the guys at NT support, and they say that it's the code in the indicator that has to be changed, otherwise it's going to be plotting the defaults. It works for the programer in the correct way, it has worked for me a couple of times. So they might be wrong those NT guys, right?

I'm confused, and I need some kind souls that can help me. Is there anyone that can throw some light on this?

Thank you in advance!

We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now.
Past performance is not indicative of future results.
/George
Started this thread Reply With Quote

Can you help answer these questions
from other members on futures io?
Webinar: Finding your own way in trading w/Adam Grimes
The Elite Circle
MACD line not plotting after change of plot order
NinjaTrader
OFA (Order Flow Analytics) Licence
NinjaTrader
ZigZag with Depth and Backstep
EasyLanguage Programming
Automatic pattern research with NT
Elite Algorithmic NinjaTrader Trading
 
 
(login for full post details)
  #2 (permalink)
the congo
 
Experience: Advanced
Platform: North sea oil rig
Trading: Cl
 
rassi's Avatar
 
Posts: 924 since Jun 2009
Thanks: 1,540 given, 1,188 received

George, this might seem a stupid question but have you set the defaults on the normal fibs to your settings and saved as defaults?

That was my understanding of what was required to get the thing plotting the right levels.

Once again Cory your a top man for sorting this indi out.

Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #3 (permalink)
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 6,030 since Jun 2009
Thanks: 845 given, 7,894 received


here are the steps;

- select the tool you want to change ninja default setting to your own default setting.
- draw the fib levels at some clear space then set it your own levels.
- click default button
- click apply button
- F5 to reload the chart , the level on my indicator should change to the new default level.
if not then something is wrong. If the new default won't take then you may want to back up your setting. install a fresh copy and restore the indicator/setting.

Reply With Quote
The following user says Thank You to cory for this post:
 
(login for full post details)
  #4 (permalink)
Sweden
 
Experience: Master
Platform: TT, NT, MetaTrader
Broker: Velocity Futures, MB Trading
Trading: EUR/USD
 
George's Avatar
 
Posts: 401 since Jun 2009
Thanks: 1,005 given, 1,314 received


rassi View Post
George, this might seem a stupid question but have you set the defaults on the normal fibs to your settings and saved as defaults?

That was my understanding of what was required to get the thing plotting the right levels.

Once again Cory your a top man for sorting this indi out.

Rassi,

No stupid question. Thanks for the answer. Already done that.

We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now.
Past performance is not indicative of future results.
/George
Started this thread Reply With Quote
 
(login for full post details)
  #5 (permalink)
Sweden
 
Experience: Master
Platform: TT, NT, MetaTrader
Broker: Velocity Futures, MB Trading
Trading: EUR/USD
 
George's Avatar
 
Posts: 401 since Jun 2009
Thanks: 1,005 given, 1,314 received


cory View Post
here are the steps;

- select the tool you want to change ninja default setting to your own default setting.
- draw the fib levels at some clear space then set it your own levels.
- click default button
- click apply button
- F5 to reload the chart , the level on my indicator should change to the new default level.
if not then something is wrong. If the new default won't take then you may want to back up your setting. install a fresh copy and restore the indicator/setting.


Cory,

Thanks for the answer and the steps. I've done all the steps. The only thing remaining is to back up and reinstall. I'll do it and tell you about it!

Thanks

We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now.
Past performance is not indicative of future results.
/George
Started this thread Reply With Quote
 
(login for full post details)
  #6 (permalink)
Site Moderator
 
 
sam028's Avatar
 
Posts: 3,665 since Jun 2009
Thanks: 3,787 given, 4,494 received

I had the same behavior George.
Change Fibo default value, save as default, restart NT, ... But same thing.

This is what I've just done, and now I have the correct behavior (don't ask me why):
1- edit the ZigZagUTC_TL_BarCount_Fibs.cs
2- change some variables default value to false, just to have a clear view for debugging
 
Code
                            
...
            private 
bool            showfibE                false;
            private 
bool            showfibR                true;    
            private 
bool            showfibT                false;
            private 
bool            showfibC                false;
... 
3- recompile the .cs in Debug mode (my first idea was to see step by step why the NT default values are used, and not the user default values).

You might try this, without recompile in Debug mode, and see if it's works.

Success requires no deodorant! (Sun Tzu)
Follow me on Twitter Reply With Quote
The following 2 users say Thank You to sam028 for this post:
 
(login for full post details)
  #7 (permalink)
Florida
 
Experience: Intermediate
Platform: NT7
Trading: CL, NQ, NG
 
Posts: 469 since Jun 2009
Thanks: 1,401 given, 402 received

Don't know if this is the same problem, but I had trouble with the built-in fib tool in code awhile ago.

Here's the link in the NT support forum:

DrawFibonacciExtensions error - NinjaTrader Support Forum

If I remember right, you'd have to do the custom drawing and math to get different lines if the built-in didn't suit your personal taste.

hth,
kz

Reply With Quote
The following user says Thank You to zeller4 for this post:
 
(login for full post details)
  #8 (permalink)
Sweden
 
Experience: Master
Platform: TT, NT, MetaTrader
Broker: Velocity Futures, MB Trading
Trading: EUR/USD
 
George's Avatar
 
Posts: 401 since Jun 2009
Thanks: 1,005 given, 1,314 received

Cory,

It helped. The reinstall made it all. Thanks!
And thank you all guys for all the answers.

We all struggle to make tomorrow look like yesterday!
Get rid of your past and let the future unfold from the now.
Past performance is not indicative of future results.
/George
Started this thread Reply With Quote
 
(login for full post details)
  #9 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,728 received

"Other Time Frame Control" refers to a concept by James F. Dalton in his classic "Mind over Markets" published in 1993 on Market Profile

When using fibonacci retracements, one should not only watch those that can be drawn from the swings seen on the screen. Larger timeframe traders - and usually these trade larger amounts of money - use larger swings to draw their retracements and extensions, so quite useful to know, where these are.

I have found that it pays to go back up to a year and evaluate the major swings, then draw prior swing highs and lows, retracements, extensions, expansions, alternates and projections and transfer these to an intraday chart. As this would result in too many lines I have aggregated them to confluence zones by using some probability distributions.

There are several particular setups, where these come into play

(a) Daily high and low on rangebound days - typically consolidating after a trending move
(b) Exits for 3rd waves, 5th waves tend to overshoot the fibonacci lines
(c) Gartley patterns, the two-legged retracement often stops at a Fibonacci line - this is an end of wave 2 situation, when supply or demand is tested
(d) 2B patterns that occur during news annoucements and that are designed to trap weak traders before a larger move starts

They are valid trade entries, when confirmed by volume (range extension and churn bar), and are usually excellent exits in any case.

Does anybody use these as well?

Reply With Quote


futures io Trading Community Platforms and Indicators NinjaTrader > Fibonacci Retracements


Last Updated on March 6, 2010


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Importance of Finding Your Own Way w/Adam Grimes

Elite only
 

Journal Challenge w/Jigsaw

April
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts