The E.G. Dynamic Fibonacci
The E.G. Dynamic Fibonacci
Trade with More Confidence
Trade Smarter, Not Harder
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Dynamically calculates Fibonacci retracements
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All assets
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Supported platforms: NinjaTrader 8
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Scalping, Price Action
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Profit targets and Entry Confirmations
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Complements the E.G. Trigger Point
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The E.G. Dynamic Fibonacci - Description
The E.G. Dynamic Fibonacci is an indicator implemented for the NinjaTrader 8 platforms; it dynamically displays the Fibonacci retracement levels on your chart, drawn between the current day’s low and the current day’s high; each level is associated with a percentage.
The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 50%, 61.8%, 78.6%, and 100%.
Fibonacci retracements can be used to place entry orders, determine stop-loss levels, or set price targets.
Frequently Asked Questions
Fibonacci retracements can be used to place entry orders, determine stop-loss levels, or set price targets.
Frequently Asked Questions
- What is Dynamic Fibonacci?
Dynamic Fibonacci is the newest star in the E.G. Indicators lineup. It’s a commercial product designed exclusively for the NinjaTrader 8 platform. This tool brings the power of Fibonacci lines to your charts, dynamically calculating and painting levels between the current session’s low and high. It’s like having a Fibonacci wizard right on your trading screen!
- How does Dynamic Fibonacci work?
It’s simple yet ingenious. Dynamic Fibonacci works magic by calculating Fibonacci levels based on the current session’s low and high points. As the session progresses and new highs or lows are reached, the levels are recalculated and repainted in real-time. This means you always have the freshest, most relevant Fibonacci lines guiding your trades.
- Why choose Dynamic Fibonacci?
Imagine having the power of Fibonacci at your fingertips, adapting to the market’s movements as they happen. Dynamic Fibonacci saves you time and effort by automatically recalculating levels, eliminating the need for manual adjustments. It’s the ultimate tool for traders who want to precisely ride the waves of market trends.
- Can I use Dynamic Fibonacci for any trading strategy?
Correct, depending on your trading style. Dynamic Fibonacci is versatile and can be integrated into various trading strategies. Whether you’re a day trader, swing trader, or even a scalper, these dynamic levels can provide valuable insights into potential support, resistance, and reversal points.
- Does Dynamic Fibonacci repaint levels?
Yes, it does. The tool repaints levels when new highs or lows are achieved during the trading session. This ensures that the Fibonacci lines always reflect the most up-to-date market conditions. So, be sure to keep an eye on those fresh levels as the session unfolds.
- Is there any support or guidance available for using Dynamic Fibonacci?
You bet! At E.G. Indicators, we’re all about supporting our trading community. If you have any questions or concerns or want to share your successes, head on over to our dedicated Discord channel for Dynamic Fibonacci. Our community and team are there to help you navigate this powerful tool.
- Can I use Dynamic Fibonacci with other E.G. Indicators products?
Correct. Dynamic Fibonacci plays well with others. You can combine it with other E.G. Indicators products to create a personalized trading arsenal that suits your strategy and style. You can explore and find your winning combination.
If you’ve got more questions or insights, feel free to join the conversation on our Discord channel. Happy trading and may the Fibonacci helpful for you!
Combining with Price Action
Check out our product videos!
Complementary Tools Pricing Plan:
E.G. Dynamic Fibonacci
Profit Targets
250
$165
Lifetime Plan -
In-day Fibonacci Retracements
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Profit Targets
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Dynamically Updates
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E.G. Price Action
Entry Confirmations
890
$493
Lifetime Plan -
Integrates with Trigger Point
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Identifies Market's Reaction
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Generates Signals
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E.G. Trailing Stop
Position Management
220
$149
Lifetime Plan -
Considers Asset's Volatility
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Based on ATR
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Draws Trailing Path
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