Best Fibonacci Drawing tool - Platforms and Indicators | futures io social day trading
futures io futures trading


Best Fibonacci Drawing tool
Updated: Views / Replies:3,221 / 8
Created: by Netanggos Attachments:0

Welcome to futures io.

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

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 
Thread Tools Search this Thread
 

Best Fibonacci Drawing tool

  #1 (permalink)
Elite Member
New York, NY USA
 
Futures Experience: Intermediate
Platform: T4, Sierra Charts, NinjaTrader
Favorite Futures: CL, ES, ZB, GC, NQ, YM, 6E, Stocks
 
Posts: 11 since Dec 2010
Thanks: 6 given, 6 received

Best Fibonacci Drawing tool

Hello.

Can I hear your opinion about which application you think has good Fibonacci drawing tool?
What I mean is to be able to plot several Fibs (quickly) on a screen and for the screen to not seem too cluttered (Fib Confluence) or is that asking for too much? Right now, I have several different time frame windows open and put up a fib for each.
I'm trying to be a Price Action trader, so I'm putting in my screen time.
Therefore, looking for ways to improve how I get information. I trade mostly in the Crude market, so speed is key.

I have tried out and research many trading platforms.
Used for trading or Trial:
MultiCharts, Ninja, ThinkorSwim, MotiveWave, CT4. MarketDelta Trader, Seirra Charts, Investor RT

Researched:
Dynamic Trader, Wave59, Timing Solutions, Market Analyst, etc...

Thanks in advance for sharing!

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Market Wizard
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,758 since Oct 2009
Thanks: 3,141 given, 4,648 received
Forum Reputation: Legendary


Send a private message to @Fat Tails I know he has created a Fibo tool that draws a line only when there is confluence on multiple time frames and a confluence of ratios. It is similar to the NexGen implementation but according to him it is even better

Reply With Quote
The following user says Thank You to trendisyourfriend for this post:
 
  #4 (permalink)
Elite Member
ogden utah
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: oil
 
Posts: 1 since Dec 2013
Thanks: 0 given, 0 received

Which Fib tool?

Hi, does anyone know which Fib tool the post response is referring to? I've seen a few of Fat Tails Fib indicators. I assumed it was the Fib Cluster tool, but would like to know for sure.


trendisyourfriend View Post
@Fat Tails I know he has created a Fibo tool that draws a line only when there is confluence on multiple time frames and a confluence of ratios. It is similar to the NexGen implementation but according to him it is even better


Reply With Quote
 
  #5 (permalink)
Elite Member
Houston, Texas
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: futures
 
learning0101's Avatar
 
Posts: 258 since Aug 2011
Thanks: 3,473 given, 188 received

have you tried this?


marcoj3 View Post
Hi, does anyone know which Fib tool the post response is referring to? I've seen a few of Fat Tails Fib indicators. I assumed it was the Fib Cluster tool, but would like to know for sure.

Hi @marcoj3 did you try what @trendisyourfriend suggested which was to PM @Fat Tails about his indicator?
If you include the person you are speaking of in your post with the "@" sign followed by there username- No spaces it will get their attention via a "mention". Just like you got because I put "@" in front of your username
I get a lot of good info about site here
https://futures.io/beginners-introductions/

Take care and all the best, as well Thanks to All the Awesome contributors here @ futures.io (formerly BMT)


Last edited by learning0101; July 30th, 2014 at 02:27 PM. Reason: toned it down
Reply With Quote
 
  #6 (permalink)
Elite Member
Berlin, Europe
 
Futures Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,721 since Mar 2010
Thanks: 4,231 given, 25,924 received
Forum Reputation: Legendary


trendisyourfriend View Post
Send a private message to @Fat Tails I know he has created a Fibo tool that draws a line only when there is confluence on multiple time frames and a confluence of ratios. It is similar to the NexGen implementation but according to him it is even better

LOL. I have never tested the Nexgen indicator, so I do not know to what point they are similar. The underlying idea - that is to search for confluence areas, where several fib lines accumulate - is the same.

The Nexgen trading setups follow specific rules and setups, which are based on several indicators. The fib tools I have coded are just meant to be used to find areas of likely support and resistance.

Reply With Quote
 
  #7 (permalink)
Elite Member
Portland, OR
 
Futures Experience: Intermediate
Platform: Sierra Chart
Favorite Futures: ES
 
Posts: 269 since Jan 2011
Thanks: 326 given, 178 received

@Netanggos - based on my own usage :

If you are looking for automated way to get the confluence of fix ext/retracements drawn - custom tool from @Fat Tails is the best on Ninja platform.

Alternately - if you just want to draw everything manually (to calculate your own confluence) - Dynamic Trader is probably the best one followed by ( Tradenavigator & Sierracharts).

just my 2 cents !!

Thanks

Reply With Quote
 
  #8 (permalink)
Elite Member
New York, NY USA
 
Futures Experience: Intermediate
Platform: T4, Sierra Charts, NinjaTrader
Favorite Futures: CL, ES, ZB, GC, NQ, YM, 6E, Stocks
 
Posts: 11 since Dec 2010
Thanks: 6 given, 6 received

Fibs

Thanks for your reply!
I just wanted a tool to auto draw Fib levels for a specific time frame.
I didn't want to to waste time (too lazy) drawing them manually.
Could be on a single 30mins, daily, weekly chart or one chart for confluence.

I just started using Sierra Charts again as my main platform. They actually have an indicator that does this. Woohoo!
I use it to auto draw fib levels for the day, but I can imagine it working for confluence.
Just add the indicator multiple times and set fib for different time frames.

Hope this helps!

Reply With Quote
 
  #9 (permalink)
Elite Member
Napa, CA USA
 
Futures Experience: Master
Platform: NT, TS, eSignal, MarketDelta, ThinkorSwim, Ensign, Wave59, Nexgen,
Favorite Futures: ES
 
Posts: 17 since Sep 2011
Thanks: 1 given, 5 received

Using Nexgen for 9 years. Excellent.

I made about 33% today with a 38.11 profit factor and 86% accuracy. Taking moves from key areas and utilizing other tools in conjunction with NEXGEN is important. Also, having an understanding of how Fibs work. I've seen it work dozens of times per day over 9 years using Nexgen and Fibonacci in general, so it's definitely a key component to any trading method. It works.

I have about 8 licenses. I am not needing a couple of Nexgen's licenses and I can save you 5 to 10k on it if you haven't already given them a cal and got your name into their list.

Reply With Quote

Reply



futures io > > > Best Fibonacci Drawing tool

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

September Journal Challenge (sponsored by TopstepTrader)

September

Free Elite Membership: Twitter Tuesday and Facebook Friday!

Tue & Fri
 

5 Top Traits of Market Wizards w/John Hoagland @ TopstepTrader

Sep 25
 

Breaking Down an Equity Trading System: Step-by-step w/RandBots

Sep 27

Anthony Drager (TBD)

Oct 4
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Edit the Fibonacci Time Extension Drawing Tool George NinjaTrader Programming 14 January 20th, 2018 07:48 AM
Drawing trendlines Wouter Elite EasyLanguage Automated Trading 1 June 27th, 2013 09:49 AM
Any LUCK on drawing tool code help? hector24 NinjaTrader 8 December 9th, 2012 01:23 PM
drawing tool properties ? benrock NinjaTrader 10 April 4th, 2012 01:52 PM
Drawing In Margin zeller4 NinjaTrader Programming 2 July 6th, 2009 11:24 PM


All times are GMT -4. The time now is 04:08 AM. (this page content is cached, log in for real-time version)

Copyright © 2018 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
Page generated 2018-09-24 in 0.16 seconds with 14 queries on phoenix