Fibonacci Angle Fan
Available in NinjaTrader 8
Attention Fibonacci-o-philes! The NinjaTrader Fibonacci ANGLE Fan is new and available in NT8 to compliment your cache of Fibonacci Analytical tools. Unlike a traditional Fibonacci Fan which is drawn from a Key Low to Key High, this Fib ANGLE Fan can be efficiently cast from a SINGLE anchor point in the market. The fan then forward plots equidistant trendline supports and resistances that harness the power of the Golden Ratio of 1.618. This Golden Ratio sits at the heart of ALL fibonacci methods.
From a base axis, Fan lines are generated in ratios of +/- 1.61, 2.61 and 4.23. Additional (unlimited) ratios are available via manual user input. So the good news is that you’ll never run out of Fibonacci tracking lines again. See Video Link on this page. There is an unlimited usage of this tool which can be used alongside traditional Fibonacci technical analysis methods or on its own as a leading indicator of price movement. Various usages for this hardworking tool include (1) support and resistance identification (2) fibonacci channel breakout tool (3) trade management tool – See videos below!
NinjaTrader Fibonacci traders might also be interested in a conventional Fibonacci Fan for the NinjaTrader 8 platform which is offered in a discounted price bundle for a limited time.
Testimonial: “The very first time I applied Sam’s instant fib fan tool (the one that automatically/magically draws the correct fan lines with one click) it gave me a clear 61.8 target in the ES for a 7-point trade that took just 30 minutes to complete. I couldn’t be happier. It more than paid for the purchase on the first trade.” Kenneth Reid, Ph.D, Day Trading Psychology, Chicago USA