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TRANSCRIPT
Manual
FIBONACCI CONFLUENCE INDICATOR
CONTENTS IMPORT AN INDICATOR TO YOUR NINJATRADER PLATFORM ................................................ 2
INDICATOR DESCRIPTION ............................................................................................ 3
INDICATOR SETTINGS ................................................................................................. 4
DISCLAIMER ............................................................................................................ 7
Import an Indicator to your NinjaTrader Platform
To import an indicator to your NinjaTrader, please be sure that you are saving the .Zip indicator
file to your PC and not opening it.
We simply want to save the file, so that it stays zipped. NinjaTrader will do the hard part for us.
Please use the following steps to install the indicator:
• Open NinjaTrader
• The Control Center will be the first window that is displayed when opening NinjaTrader
• Go to Control Center>File>Utilities>Import NinjaScript
• Navigate to and choose the indicator file (starts with ‘ncat’)
• Click 'OK'
• Restart NinjaTrader
You can also take a look at the following Link. There you will find a video explanation on ‘how to
install the indicator’: http://www.ninjacators.com/Indicator-installation/
Indicator Description
The Fibonacci Confluence Indicator can be used on ANY period and any market. It automatically
calculates Fibonacci Ratios of Swing points over multiple time periods. It will calculate and plot
on intraday periods as well as on End of Day periods.
The core logic: When calculation Fibonacci levels over multiple time periods (also possible to
integrate price based calculation through a range or tick calculation) it is possible to detect price
levels on which Fibonacci calculations throughout different independent periods are matching.
These matching levels are considered as Fibonacci Confluence levels.
The Fibonacci Confluence indicator will automatically calculate Fibonacci levels on 4 different
periods over dozens or even hundreds (depending on the setting) of swing points to detect areas
of price confluence.
All calculations are based on the Fibonacci sequence starting at 1 but are weighted to the common
used and know numbers 23.6, 38.2, 50.0, 61.8 and 76.4.
For all details please watch the instruction video here: http://ninjacators.com/?p=3563
Indicator Settings
NUMBE R 1 Ninjacators Short Logo: False: This will display the short Ninjacators logo; True: This will display the long Ninjacators logo
NUMBE R 2 Colors Line Opacity: Choose an opacity level for the line color. OverLine: Choose any color for the over line. UnderLine: Choose any color for the under line. Tip: The lines will change colors when the price is moving through them to alert you that potential Fibonacci resistance became support or support
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became resistance. When you like to use one static color for the Fibonacci Confluence plot just set both color options to the same color.
NUMBE R 3 Parameters DaysLookback: 5 – Number of days the indicator is calculating back. As bigger
the number is as more data will be integrated in the calculation. FiboRange: 1 – Calibration of the accuracy of the confluence. Example: When
the number is set to 1, you allow only fully matching Fibonacci lines on exactly the same price to count as a confluence. When you are using a value of 3 you would allow to use Fibonacci lines in a 3 tick price range to get included into the confluence calculation. As smaller the number is as more accurate the Fibonacci Confluence is.
MatchesLines: 3 – Minimum number of Fibionacci lines within the FiboRange needed to plot a confluence. As bigger this number is as more Fibonacci lines are needed to allow the indicator to plot.
Swing Sensitivity: 10 – All Fibonacci calculations are based on Swing Highs and Swing Lows across multiple time frames. This number can be used to adjust the swing sensitivity of the Swing calculation points. As higher the value is as more restrict the calculation gets, means only major swings points will integrate in the calculation.
IMPORTANT: To save computing power the indicator only plots Fibonacci Confluence levels which are within a certain range of the current price. The indicator will automatically adjust the plots as the price is moving into higher or lower ranges.
NUMBE R 4 Periods Fibo Period: 30 – Choose the Period you like to use Fibo Period Type: Minute Choose any period type you like to use IMPORTANT: The indicator automatically uses multiple background time-frames to calculate on, the period here is „just“ the last one in the line to allow a better customization. The hard coded calulations in the background are done on different periods for Intraday and EOD. The indicator automatically uses the intraday calculation when data is available. Intraday: 1 Day, 8 Hour, 4 Hour End Of Day: 1 Quarter, 1 Month, 1 Week Tip: Watch the Video starting minute 15 to get more informations about the settings.
NUMBE R 5 Data Calculate on bar close: True will update this indicator with every bar close. False will update this indicator with every incoming tick. We recommend you choose ‘TRUE’ for this indicator. Input Series: This default should Not be changed. Maximum bars look back: Infinite : Do Not Change
NUMBE R 6 Visual: Auto scale: True Displacement: 0 Display in Data Box: False Label: shows the name oft he indicator - ncatFibonacciConfluence Panel: Same as input series Price markers: True Scale justification: Right
NUMBE R 7 Global PlotsDisplayed: True – shows the plots, False turns the plot off
Disclaimer
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IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
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