leg identfication

[pman777]

hello, I'm hoping I can find a way to calculate a fib range based off of the last price leg. I was using an HMA to simulate a leg, but my high/low prices off the HMA are to far from the actual high/low's. So my question ... is there a technique or an existing indictor that can accurately identify a leg, such that I can use the leg's high and low priced to calculate it's fib levels? Any help is greatly appreciated. thanks

[NinjaTrader_Joydeep]

Hello pman777,
You can use the ZigZag or the Swing indicator to calculate the high / low pivots.

Please refer to this indicator which uses the Zigzag indicator to calculate the high/low pivots to calculate the fib price.

http://ninjatrader.com/support/forum/local_links.php?action=ratelink&linkid=345&catid=-1&lpage=1