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dpLadder v1

What is a Fib? Or support/resistance? Or a supply or demand level? All of these terms describe areas on a chart where price action does something; they represent areas where professional traders reveal themselves and their intentions. I had this indicator built by TradingCoders out of Australia, they�ve built many indicators for me and all work extremely well. James, the head developer, can code anything you can think up.

The dpLadder is a swing-based indicator. But what is a swing? It�s a place where price has had a change of heart. I wondered what a chart would look like if, between swing-points, I plotted Fibs. I�m sure many of you had the same thoughts and I decided to automate it. Add the Ladder to your chart. It will automatically use two recent swings as the high and low and plot a Fib between them and will then propagate the �rungs� of the ladder above and below those two swing-points while plotting Fibs between the rungs.

The indicator also has the ability to use a second timeframe and repeat the ladder-building process. So, while my chart may be a 1 minute, internally the indicator can be using a 30-minute data series to plot wider swings and therefore a second set of Fibs. All the Fib lines are color/style/thickness/opacity adjustable.

The controls for the indicator are placed on the chart for fast access. The �dpLadder Update� button will cause the indicator to look for new swing-points. The �Show-Hide Fibs� button will hide the �internal� Fib lines while keeping the primary swing-points, the 0% and 100% lines, which make the rungs of the ladder. The �PriceL� and �PriceH� input fields allow the user to manually choose the swing-points and the indicator will then redraw the chart with those points as the basis for all ladder rungs and Fibs. Input for those fields is entered from the right side.

Category NinjaTrader 8 Indicators and More

Details: dpLadder v1
Category: NinjaTrader 8 Indicators and More

March 2nd, 2023
Size: 9.36 KB
Downloaded: 865 times

Keywords: fibs swing-points

Comments/ratings

Steve Futures March 10th, 2023 04:41 AM

nice

bobw199 March 10th, 2023 01:42 PM

Hey THANKS so much awesome indicator, used on a renko chart on the MK2 market went from 50 % line to the next 50 % line, all day. This makes taking trades so much easier. Puts structure so visible on the chart.

wcitadel May 28th, 2023 10:03 PM

Thank you.

JanEva June 20th, 2023 12:59 PM

Thanks! It is being very useful to me. It's just what I was looking for.

tcbtrader July 1st, 2023 08:11 PM

Wonderful! Thank you so much for sharing with us all. I've used James several times in the past and his indicators are always top-notch!

bluedot August 13th, 2023 05:44 PM

Thanks for sharing

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