Automatic Fibonacci Extension Indicator

Fibonacci Extension Indicator

A Fibonacci Extension indicator is often used by traders as an indication of support and resistance. These indicators provide Fibonacci levels that are determined by identifying three extreme points (ex. a swing low, a swing high, and a swing low), and dividing the vertical distance between the first two extreme points by Fibonacci ratios. The resulting values are then added/subtracted from the third extreme point to show the Fibonacci Extension levels.

The Fibonacci Extension indicator will automatically find new swing high and low points, and update the Fibonacci Extension levels on your charts for you. This makes it easy for you to spot potential trading opportunities and act accordingly. Additionally, the indicator allows you to easily customize which extension levels are displayed, as well as the color, width, and style of the lines. You can also save and load templates, making it easy to switch between the settings that work best with your trading.

Fibonacci Extension indicators can be used in futures, forex, and stock trading. They can be applied to all chart types and time frames as well, making them a truly universal indicator.

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Click the link below to download our Free Automatic Fibonacci Extension indicator for NinjaTrader:

Auto Fibonacci Extensions Indicator for NinjaTrader 7 (2159 downloads)

10 comments

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- Mo on June 23, 2017 at 4:20 pm
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This indicator is for NinjaTrader 8?
1. - Free Indicators on June 27, 2017 at 1:06 pm
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  We do not currently have the indicator for NinjaTrader 8, but it is coming soon. Join our mailing list and you will be notified as soon as it is available.
  1. Thien on July 20, 2017 at 3:42 am
    
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    any updates for ninjatrader 8???
    1. Free Indicators on August 9, 2017 at 12:20 pm
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      The indicator is not ready for NinjaTrader 8 yet. The update will be posted as soon as it is available.
2. - Jim on March 2, 2019 at 11:35 pm
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  Is this available for tradestation?
  1. Free Indicators on March 3, 2019 at 2:39 pm
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    Hi Jim,
    Unfortunately I do not have this available for TradeStation at this time. I will see if I can put together a TradeStation version in the near future.
- Bill on July 7, 2017 at 10:52 pm
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Once the Auto Fib Extensions Indicator is installed, where do I find the Properties, General and Data tabs, as noted above?
1. - Free Indicators on July 10, 2017 at 2:29 pm
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  You should be able to right click on the gray line and select Properties from the menu.
  1. Fred on April 28, 2019 at 9:02 pm
    
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    What does the strength parameter represent?
    1. Free Indicators on April 29, 2019 at 12:13 pm
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      The strength represents the number of bars used in the calculation of a pivot high or pivot low. If you are using a value of 20 for the strength, the market must make a 20 bar high for it to be considered a pivot high.

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Risk Disclosure

Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure:

Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

Testimonial Disclosure:

Testimonials appearing on FreeIndicators.com may not be representative of the experience of other clients or customers and is not a guarantee of future performance or success.

Automatic Fibonacci Extension Indicator

Fibonacci Extension Indicator

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