Tag: support and resistance

Automatic Fibonacci Extension Indicator

Fibonacci Extension Indicator

4.8 06 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 …

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Trading Psychological Numbers – Round Number Bars

Trading Psychological Numbers

5.0 01 Trading Psychological Numbers A common method used by traders to identify Support and Resistance levels is by using psychological numbers that are commonly referred to as “Round Numbers”. Most people (including traders) have an easier time comprehending and understanding Round Numbers. Assume that another trader asks you where the S&P 500 is going …

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Support And Resistance on Higher Time Frames

Support and Resistance for NinjaTrader

3.4 07 Support And Resistance Indicator for NinjaTrader   Pivot points are commonly used by traders to identify key Support and Resistance levels in the markets. This indicator allows the user to display Pivot points from higher time frame charts (ex. Daily Charts), on lower time frame charts (ex. 15 minute charts). This allows you …

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Automatic Fibonacci Retracement Indicator

Fibonacci Retracement Indicator

3.6 25 Fibonacci Retracement Indicator A Fibonacci Retracement indicator is often used by traders as an indication of support and resistance. These indicators provide Fibonacci levels that are determined by identifying two extreme points (ex. a swing high and a swing low), and dividing the vertical distance by Fibonacci ratios. Fibonacci Retracement indicators can be …

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