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FibRetTool v1.2 (with Alerts and Hide Button, Fixed Marker Color)

Written by Dr Ben.
Please, do not share outside the Elite Circle!

FibRetTool will automatically draw and update a Fibonacci Retracemets Tool.
When you apply this indicator to a chart, it will place a '+' marker in the 'hidden' far right (drag the chart to the left if invisible) at the current Close, where it will remain inactive.
To activate the tool simply drag the + marker to the bar where the Anchor1 should be and it will draw the extension levels defined in your Default template.
If the + marker is placed anywhere below and within +/- 2 bars of the intended pivot bar It will draw the Fib Retracemets using the Highest High after that bar.
If this end point 'ratchets' it will automatically update the levels.
Similar operation to draw down, place the + somewhere above the high of the pivot bar.
To remove the Fib levels simply drag the + marker back past the current bar to its 'hiding place'. You use the Show/Hide button (press the Shift key before clicking on the button) to make the Fib tool active or inactive. You can open several instances of the indicator to draw different possible starting extensions levels.
The default marker symbol + can be replaced by any other text and style from your choosing and displaced right by the MarkerShift parameter from the indicator panel.
For proper operation you must set up your Fib Extensions levels in the Fibonacci Extensions Default template. Draw a Fibonacci Extension using the F9 shortcut, double-click on it, select Default in the template drop down. Change the %s and styles to your preferred settings, then Right-Click on the panel to save them as the new Default settings, and you are ready to use it." You can also set up alerts (Fixed 38.2% and 61.8% and a user chosen LevelX, default 50%), with audio if you place the 3 sound files in the C:\Program Files (x86) \NinjaTrader 7 \sounds folder .

Marker Color works on this version.

Category The Elite Circle

Details: FibRetTool v1.2 (with Alerts and Hide Button, Fixed Marker Color)
Category: The Elite Circle

March 1st, 2012
Size: 4.75 KB

Comments/ratings

wireford March 1st, 2012 05:14 PM

Unbelievable, Good Doctor!

Don Laing March 5th, 2012 06:03 PM

Looks good but to show my ignorance ? where is show/hide button

Don Laing March 5th, 2012 08:16 PM

AhAh found the buttton but still no retracement lines

blkreign69 March 23rd, 2012 11:24 AM

I love the indicator that you created. If I could make one recommendation is that you make the indicator so that you can change the [+] sign to a different color? I would love to use it on my black background chart but I cant see it.

Thanks

click03 July 17th, 2012 08:32 AM

I have wanted a tool like this ever since I quite using Fibonacci Trader charting software.
Many thanks sir!

Ashtreegambler April 8th, 2014 04:31 AM

What a great idea, I like the way it is semi-auto and not fully auto.