How do I use fibonacci pivots indicator for intraday trading?

[Nyman]

hello everyone,
Thanks for the valuable share above. How do I use fibonacci pivots indicator for intraday trading? Can someone please the user reference of this indicator?

[NinjaTrader_RyanS]

Hello,

To clarify, are you having trouble using this drawing tool or any of its particular settings?

[Nyman]

Hi Ryan,

No trouble whatsoever. I want to understand how to use this indicator for intraday trading in a strategy. Some user of the original post shared snippet code and it's very helpful.

[NinjaTrader_ChrisL]

Hi Nyman, thanks for writing in.

The documentation for Fibonacci Pivots can be found here with an example of how to use it:

https://ninjatrader.com/support/helpGuides/nt8/NT%20HelpGuide%20English.html?fibonacci_pivots.htm

Start out by using Print on the values it outputs:

// Evaluates that this is a valid pivot point value
if (FibonacciPivots(PivotRange.Daily, HLCCalculati onMode.DailyBars, 0, 0, 0, 20).Pp.IsValidDataPoint (0))
{
    // Prints the current pivot point value
    double valuePp = FibonacciPivots(PivotRange.Dail y, HLCCalculationMode.DailyBars, 0, 0, 0, 20).Pp[0];
    Print("The current Pivots' pivot value is " + valuePp.ToString());
}

Kind regards,
-ChrisL

[Nyman]

Hi Chris,
Thanks for the provided link to the documentation. This is exactly what I'm looking and hopefully, it will provide me with answers.

[Nyman]

Does anyone know why I'm getting this error message and how to fix it? I'm using a multi timeframe chart, a daily in the background and a 15 min for entries. Fibonacci Pivot setup as follows:

else if (State == State.Configure)
{
AddDataSeries(Data.BarsPeriodType.Day, 1);
}
else if (State == State.DataLoaded)
{
FibonacciPivots1 = FibonacciPivots(Closes[1], PivotRange.Daily, HLCCalculationMode.CalcFromIntradayData, 0, 0, 0, 20);
FibonacciPivots1.Plots[0].Brush = Brushes.Goldenrod;
FibonacciPivots1.Plots[1].Brush = Brushes.DodgerBlue;
FibonacciPivots1.Plots[2].Brush = Brushes.DodgerBlue;
FibonacciPivots1.Plots[3].Brush = Brushes.DodgerBlue;
FibonacciPivots1.Plots[4].Brush = Brushes.Crimson;
FibonacciPivots1.Plots[5].Brush = Brushes.Crimson;
FibonacciPivots1.Plots[6].Brush = Brushes.Crimson;
AddChartIndicator(FibonacciPivots1);

}

[NinjaTrader_ChrisL]

Hi Nyman, the Fib Pivots indicator has a setting "Pivot Range". This must be set to Weekly or Monthly for Daily bars.

Kind regards,
-ChrisL

[Nyman]

Hello chris,

Thanks for your response and help. My issue has been resolved.