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Hello,
I am looking for a Fibonacci Extension Indicator that can be used with Bloodhound or Markers. Not the drawing tool, an actual Fib Extension Indicator. Does anyone know where one can be found?
Many thanks!
Sky Jalene
Can you help answer these questions from other members on NexusFi?
not for free, if you google search for it for ninja trader i think you can buy one . if not fat tails can code you on for a price . if you find one that has search capability over a basket of goodies and time frames let me know. it it only works on one chart at a time it not much help other than running back test .
Fib. extentions but based on what range? Swing highs/lows, day range, 1st 60 minute range or some other range? If we know the range then it should be pretty easy to script one.
You need to be more specific than that. What exactly do you want as fib extentions 127.2%, 161.8%? How do you define a HH and LL? I mean at which point does a new swing High or new swing Low has formed? Let's say price is moving up and after a while price starts to retrace. How much retracement do you need before you can tell price has formed a new High? Now, let's pretend you say if i get a 38.2% retracement the last high is the new high so calculate the fib extentions from the range formed between the last identified low and the new high. OK but what about when price goes up with momentum and you never get a 38.2% retracement? etc etc. as you can see there are many variables at play hidden within your simple request.
P.S. i have no idea how to calculate fib extentions from a DT or DB. It does not make sense.
