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Fibonacci Pivots (NT)
- Categories: Indicator, NinjaTrader
- Tags: Pivots
- Type: Free
Fibonacci pivots indicator for NinjaTrader is a technical analysis tool, helping traders identify potential support and resistance levels.
Note: This download requires NinjaTrader 8 release 8.1.3 or newer.
Introduction to Fibonacci Pivots
Fibonacci pivots indicator for NinjaTrader is a technical analysis tool, helping traders identify potential support and resistance levels. This indicator will produce S1, S2, S3, S4, Pivot Line, R1, R2, R3, and R4. The Fibonacci pivots in the provided code are calculated based on the previous trading session's high, low, and close price. R1, R2, R3, and R4 serve as resistance levels where the price may face selling pressure, while S1, S2, S3, and S4 act as support levels where buying interest might be strong.
Key Features Fibonacci Pivots
- The pivots depend on previous day closing time. The user has the option to select the closing time. However, be aware that "Trading Hours" will need to be set properly
- Contains all available pivots. The user can customize each pivot independently.
- Works in real-time and with historical data.
Things to be aware of:
This indicator will only work on intraday charts. The following Data Series Types will work:
- Tick
- Second
- Minute
- Heiken Ashi
- Kago
Review the screenshots for setup options.
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