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Fibonacci range indicator

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    Fibonacci range indicator

    I need an indicator, called fibonacci range indicator.
    It drawing a level of different kind of fibonacci range.
    For example:
    Daily range: previos daily high - previous daily low, and it is divided by fibonacci ratios, 23,6, 38,2, 50, 61,8, 78,2 etc.

    Weekly range: previous weekly high -previous weekly low, then draw the different fibo levels.

    So the monthly, and yearly levels.
    Is there exist this kind of indicator under Nt?

    #2
    Not installed with NinjaTrader. You can search the NinjaScript File Sharing section, worst case this can be developed either yourself or via a NinjaScript Consultant.
    RayNinjaTrader Customer Service

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      #3
      Any code guru to write it?
      It is so widely used I am surprised it haven't written yet.

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        #4
        As a last resort you can try one of these guys: http://www.ninjatrader.com/webnew/pa...injaScript.htm
        Josh P.NinjaTrader Customer Service

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          #5
          Fibonacci

          Contact me with the specification of what you need.

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            #6
            It would be relatively easy to code this type of indicator -> just add some plots and further levels to the NT pivots indicator and you have done it. However it does not make sense from a point of view of trading. If yesterday's low was higher than today's you would not want to draw fib retracements from yesterday's range, but you would choose as the range yesterday's high and today's low. Also it will not help, if you just choose the high and low of the week, maybe a high or low made on Monday of this week has a higher significance. The only important level would be last week's midrange.

            Originally posted by fxkred View Post
            I need an indicator, called fibonacci range indicator.
            It drawing a level of different kind of fibonacci range.
            For example:
            Daily range: previos daily high - previous daily low, and it is divided by fibonacci ratios, 23,6, 38,2, 50, 61,8, 78,2 etc.

            Weekly range: previous weekly high -previous weekly low, then draw the different fibo levels.

            So the monthly, and yearly levels.
            Is there exist this kind of indicator under Nt?

            Comment

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