Available in NinjaTrader 8
ATTENTION FIBONACCI-O-PHILES – THE FAN HAS LANDED.
Designed to compliment NT8’s existing cache of Fibonacci Technical Analysis Tools.
Harnessing the power of Fibonacci support & resistances, this Tool forward plots powerful trendline and speedline watch regions on your charts for leading (not lagging) edge analysis.Use alongside traditional Fibonacci retracements for confluent or clustered confirmation signals. OR use on its own to delineate potential market turning points. Drawn with a simple protocol of connecting a Key Low and Key High, All fan splays are calculated using the powerhouse of Fibonacci mathematics. (Click here for How a Fib Fan is Constructed https://www.youtube.com/watch?v=VTZx1kC2EUk)
Because the fan splays of a Fibonacci Fan harmonizes with horizontal Fibonacci levels, Support and Resistance trendlines occur at intervals of 23.6%, 38.2%, 50%, 61.8%, 76.4% AND 86.6%.
A user is also able to customize other retracement levels based on user preference. eg. Gann retracement levels Or other mathematically derived retracement regions such as 25%, 50% and 75%.
Helpful videos if you’re new to the hidden powers of Fibonacci tracking in your trading