
Auto Fibonacci indicator (NinjaTrader)
Overview Most Fibonacci traders are aware of the important 50%, 61.8%, 65%, and -23.6% are very important Fibonacci levels. Traders like Sam from TradeDevils, Tim from eminimind and David Halsey from eminiaddict based their entire trading strategies on those Fibonacci levels. These levels often act as key support/resistance levels used to anticipate potential price movements, market turning points, and points of profit-taking. As traders who use retracements as part of their core strategy will acknowledge, manually drawing and redrawing these retracements all the time is a cumbersome and repetitive task. Not only that but it's easy to overlook or miss important levels particularly when you are searching for confluence across multiple timeframes. The TDU Auto Fib indicator makes Fibonacci trading much simpler by automatically identifying and drawing all the relevant Fibonacci retracements for you. Not only that but tick by tick, the indicator will keep your fibs updated in real-tim