Swing Auto-Fibonacci for NinjaTrader 8
Output the Fibonacci relationships between swings.
Features include:
- Highlight Fibonacci numbers (or custom)
- Choose colors based on number of inner-swings
- Automatically adjusts with current price action
- Customizable
Purchase The Swing Toolkit for NinjaTrader 8
Easy to Use!
Within the parameters, you can adjust which Fibonacci levels to highlight, their individual appearance, and how many swings back to analyze.
How to use the Auto-Fibonacci Indicator
How to use the ZigZag Swing Engine
Examples
Here, it looks at the last five swings! (All gray lines are retracements and extensions that did not match one of the defined levels.)
Another way to simplify the information is to only output those swings that match the defined Fibonacci levels, like below.
Each of the Fibonacci percentages that you define, you can individually customize their appearance for quicker visual identification!
We use the ZigZag to determine the definition of our swings. Even if the current pullback hasn’t fulfilled the requirements to be an official swing, the Swing Auto-Fibonacci tool will still output the value of the unofficial pullback percentage, as illustrated below. The label is customizable.
Parameters
Here is a quick look at the parameters, which highlight the customizability of this tool.
Many items can be enabled or disabled to simplify your chart once you determine what works best with your trading style.
Enable or disable as much information as you want!
The list of Fibonacci levels can be individually customized, added, or removed! (second screenshot)
(click images to expand)
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