the fib zone settings on ninjatrader

[laredo]

May i get the comment of support on this exchange,thank you.

what time frame is that wiz?
6:57 trader: 5m
6:57 r2: didnt NinjaTrader change the default settings they have on fibs, they used to have the 786 at something like 79.6 as I recall
6:57 rn2: tks wiz
6:58 r2: it was like that a long time, wondered why they did not correct that

6:59 trader: they had 76.4% as I recall rin I changed it to 78.6 and also added the 88.6%


7:00 r2: did they ever correct that?
7:01 r2: seemed really surprising it was like that for such a long time
7:01 trader: don't beleive so I am still running 6.5
7:01 r2: that is a pretty significant mistake for someone who trades fibs
7:01 trader: also tested trendline off that band,78.6% area

[laredo]

where is it set

where is that fib number set?

[NinjaTrader_Tim]

Hi laredo,

Thank you for your post.

Are you referring to the Fibonacci Retracement values?

If yes, by default the lines are set to...
0.0%
23.6%
38.2%
50.0%
61.8%
76.4%

However, these values can be changed by editing the drawing.

[laredo]

Are those the accepted fib harmonic numbers?

[NinjaTrader_Tim]

Hi laredo,

The 76.4% is not typical, but can be removed by double clicking the diagonal line and editing the drawing.

[laredo]

thanks,will you tell me the typical?

[NinjaTrader_Tim]

Hi laredo,

I believe the standard measurement for Fibonacci ratios is 23.6%, 38.2%, 50%, 61.8% and 100%.

[laredo]

theres a traders fib which is 78.6 apparently

[neoikon]

theres a traders fib which is 78.6 apparently

Yes, 0.786 is the square root of 0.618.

0.382 is 0.618 squared, etc.

Another powerful one that isn't talked about enough is 1.272, which is the square root of 1.618.

As well as the series created by repeatedly multiplying 1.618...

1.618
2.618
4.235
6.854
11.089
17.942
29.03
etc...

Daniel