How do you code Fibonacci Retracement/Extension levels in NS8?

[jamestrader21x]

I've searched the user guide and can't find anything on how to actually code the levels. Are there any methods? The only thing I can find about coding fibs is in the Drawing section. I don't want to "draw" a fibonacci retracement. I want to use the actual levels for coding purposes. Thanks for any and all help.

[NinjaTrader_PaulH]

Hello jamestrader21x,

Thanks for your post.

You can calculate the levels simply by taking the difference between your low and high points (where you would draw the 0 to 100% lines), then simply multiply the difference by the desired ratio, finally add or subtract from the low or high points.

Examples:

Start point: 1000
End point 1150

Difference: 150

50% level = 150 * 0.50 = 75

subtract 75 from 1150 = 1075, 50% retracement level.

23.6% level = 150 * 0.236 = 35.4

subtract 35.4 from 1150 = 1114.6, 23.6% retracement level

[jamestrader21x]

Do you use Draw.FibonacciRetracements or is there some other method?

[NinjaTrader_PaulH]

Hello jamestrader21x,

Thanks for your reply.

I provided information on how you can easily determine the levels without drawing a fib, did this not work for you?