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drawing Fib lines
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drawing Fib lines

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drawing Fib lines

I see lot of Fib indicators from futures.io (formerly BMT), but is there a basic one that draws Fib lines, 0, 23.6, 38.2, 60 ... so on. I didn't want to draw manually

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if you mean you don't want to draw manually, I assume you mean you don't want to use the fib tool?

the indicator with the builti-in fib formulas/graphics requires a starting/ending point, etc.

please indicate what you're basing your fib plotting on... (ie swings, zigzags, etc.)

kz

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  #3 (permalink)
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Zeller - pl apologise for my lack of knowledge on this as I have never used Fib lines before in a chart, so don know what to answer your question, like swing or zigzag.
I have heard that diff Fib % levels helps to identify targets, reversal etc as support and resistance

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try my market range it plots 50% 36% 61.8% of daily market range
https://futures.io/free_downloads/ninjatrader/indicators/272-download.html?view


Last edited by cory; January 15th, 2010 at 07:36 PM.
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try this with the fiblines turned to true in the UI
HTH

Kirk

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