Fib Extension Tool

[gg80108]

Any resource on using and setting up the Fib Extension tool? Checked the properties tab of the Fib Extension tool and it has the same levels as the Fib Retracement tool.. Was expecting the fib extension tool to have levels 1.xx..

[NinjaTrader_Jason]

Hello gg80108,

You can find information regarding Fibonacci tools at the link below under 'Understanding Fibonacci drawing object templates'.

http://www.ninjatrader.com/support/helpGuides/nt7/working_with_drawing_tools__ob.htm

It will provide information for Fibonacci templates only. Unfortunately, there is no other information present in our help guide.

I suggest to search the web for information regarding Fibonacci tools.

[gg80108]

U had a vendor ratiotrading , who extensively used this stock tool .
Too bad this tool doesn't have decent documentation and isn't setup to be usefull...

[koganam]

U had a vendor ratiotrading , who extensively used this stock tool .
Too bad this tool doesn't have decent documentation and isn't setup to be usefull...

It is the standard Fibonacci Extension setup. It needs 3 anchor points, ABC, and calculates the BC values using AB as a reference. That is how all standard Fibonacci Extensions work.

Agreed that just about all the indicators in Ninja Trader do not have decent documentation provided by NT, but why should they? NT is providing a charting and trading tool. They have to presume that one knows what indicators one wants to use, and how they work, or that one can get that information. Google is a great resource.

[gg80108]

It is the standard Fibonacci Extension setup. It needs 3 anchor points, ABC, and calculates the BC values using AB as a reference. That is how all standard Fibonacci Extensions work.

Agreed that just about all the indicators in Ninja Trader do not have decent documentation provided by NT, but why should they? NT is providing a charting and trading tool. They have to presume that one knows what indicators one wants to use, and how they work, or that one can get that information. Google is a great resource.

I clicked on the high and low and came up with the enclosed plot,, 2 anchor points only needed on the extension?, ninja doesn't seem to like 3 anchor points on the extension..

[NinjaTrader_Jason]

You likely clicked the left mouse button twice on the second anchor point. The Fibonacci Extension uses three anchor points, see screenshot.

Please apply a new Fibonacci Extension and make sure you click the left mouse button only once to set an anchor point.

Let me know if this will not work for you.

[gg80108]

You likely clicked the left mouse button twice on the second anchor point. The Fibonacci Extension uses three anchor points, see screenshot.

Please apply a new Fibonacci Extension and make sure you click the left mouse button only once to set an anchor point.

Let me know if this will not work for you.

The tool actually paints the levels on the second click, the third click just pulls the levels down....

[NinjaTrader_Jason]

You will need to move your mouse after you set the 2nd anchor point to the location of the 3rd anchor point and click again.