Available in NinjaTrader 8
ATTENTION FIBONACCI-O-PHILES – THE FAN HAS LANDED.
This is a must for every serious Fibonacci Toolbox. This custom tool is a Fibonacci Fan coded specifically for installation on the NinjaTrader 8 Platform. Drawn from a High and a Low, the fan offers the chartist Fibonacci Trendlines. These can be used as clustered or individual trading signals. Because the fan splay harmonize with horizontal Fibonacci levels, Support and Resistance trendlines occur at intervals of 23.6%, 38.2%, 50%, 61.8%, 76.4% AND 86.6%.
But a user is also able to customize other retracement levels based on user preference. Because you have inputs up to 6 default levels, a user can change these ratio to reflect Gann retracement levels. Or other mathematically derived retracement regions such as 25%, 50% and 75%.