Someone gave me this ideal for an indicator that was sold commerically, and I just had to replicate it in ninjatrader because it is EXACTLY what i have been exploring with my other indicator, FibSR. I think they complement each other very nicely.
Put the indicator onto the chart. If you put extended_grid = true, it will draw a grid to the left also
Draw a fib circle, and change the tag to "grid" (without quotes); it will convert to the grid circle.
This tool is based on the "gunner24" tool . Mine is better though because you can use it in ninjatrader, it isnt just an overlay! Just sayin
note: place the pivotswing on there, and set everything to false in the gridcircle except the extended circle parameter. play with expanding the second red circle to the end of a swing, and seeing how arcs of support and resistance are highlighted, which are usually around pivotswings, form
Comment