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 …
Tag: support and resistance
Support And Resistance on Higher Time Frames
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 to see …
Automatic Fibonacci Retracement Indicator
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 used in …