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NinjaTrader 8

NinjaTrader Auto Fibonacci Retracement Indicator

The Auto Fibonacci Retracement Indicator automatically draws key Fibonacci levels based on recent price highs and lows. It highlights potential support and resistance zones, helping analyze retracement structure and understand how price is positioned relative to recent price structure.

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Overview

What the Auto Fibonacci Retracement Indicator Does

Auto Fibonacci Retracement indicator automates the identification of potential support and resistance levels on a chart using the Fibonacci sequence.

The main idea of the Auto Fibonacci Retracement indicator involves identifying areas of price correction based on Fibonacci ratios, which are widely referenced in technical analysis as potential areas of price reaction.

At its core, Fibonacci retracement theory suggests that after a significant price change (up or down), prices tend to recover a certain portion of that change before continuing the trend or going in the opposite direction. These retracement levels are based on the Fibonacci sequence.

Using the Fibonacci sequence, the Auto Fibonacci Retracement indicator provides a structured way to analyze retracement areas within a price movement. It automates the calculation and visualisation of key Fibonacci retracement levels (23.6%, 38.2%, 50%, 61.8% and 100%) on the price chart. The values for these levels are obtained by taking the two extreme price points, usually the high and low, and dividing the vertical distance between them according to the ratios from the Fibonacci sequence.

Auto Fibonacci Retracement indicator is one tool within the broader context of technical analysis. By understanding the basic concepts of Fibonacci retracements, traders can use it as one component within a broader analytical framework that includes other technical and fundamental inputs.

Auto Fibonacci Retracement indicator provides the ability to show or hide certain levels, customise their colors for better visualisation, and set alerts that are triggered when prices touch or cross these levels. Additionally, traders can enable or disable custom levels entirely.

How to Use

How to Interpret and Use the Auto Fibonacci Retracement Indicator

In technical analysis, traders use Auto Fibonacci Retracement for various purposes.

Purpose

Determining support and resistance

The indicator displays levels where price has historically shown reaction within the context of Fibonacci-based analysis.

Purpose

Evaluating price context

Fibonacci retracement levels are used to assess where price is positioned relative to key structural reference points within a move.

Purpose

Evaluation of potential reversal scenarios

When combined with other technical analysis tools, Fibonacci retracement levels may support the evaluation of potential reversal scenarios. For example, if the market is in an uptrend and price returns to a Fibonacci support level, traders may evaluate this as a potentially relevant bullish context when confirmed by additional analytical inputs.

Purpose

Risk parameter reference

Fibonacci levels are sometimes used as structural reference points for defining risk parameters within a broader position management framework.

Fibonacci retracement levels are derived from historical price extremes and do not predict future price movement. The levels reflect mathematical ratios applied to past data — they do not account for fundamental factors, news events, or changes in market structure. All displayed levels should be evaluated within a broader analytical context.
Settings

Indicator Settings & Parameters

Full parameter reference, grouped by configuration area.

ParameterDescription
Pivot Detection
DeviationMultiplier that determines how much the price should deviate from the previous pivot for the bar to register as a new pivot.
Alerts
AlertsSetting up various types of alerts.
Strategy & Automation

Plot Outputs for Strategy Builder & Automation

The indicator provides a set of exposed analytical plot outputs designed for structured integration with third-party strategy builders and automation tools such as BloodHound and BlackBird (SharkIndicators), as well as other algorithmic trading environments.

Valuenumeric plot value > 0condition active when the value is above zero

Swing Points

  • Swing UpValue
  • Swing DownValue

Fibonacci Levels

  • Level 1Value
  • Level 2Value
  • Level 3Value
  • Level 4Value
  • Level 5Value
  • Level 6Value
  • Level 7Value
  • Level 8Value
  • Level 9Value
  • Level 10Value
  • Level 11Value
  • Level 12Value

Plot output names are technical identifiers intended solely for software integration purposes and do not constitute trading advice, signals, or recommendations.

Requirements & Installation

System Requirements & Installation

What you need to run the indicator, how to download and install it in NinjaTrader 8, and how the license works.

System Requirements

Platform
NinjaTrader 8 (Desktop)
Operating system
Windows 10 or Windows 11
Instruments
Futures, forex, stocks and ETFs supported by NinjaTrader
Data
NinjaTrader’s native data connections

Not available on NinjaTrader Web or Mobile. NinjaScript indicators run in NinjaTrader Desktop only.

License Terms

Lifetime License
This indicator only, 1 PC, one-time payment, free updates included.
All-Access Subscription
All indicators and trade copiers, billed monthly, cancel anytime, updates included while the subscription is active.
Free trial
5 days on the subscription plan. If not cancelled, the subscription starts automatically.
License binding
Linked to your email and to the computer on which it was first activated.
Moving to another computer
Available on request through support.

Installation

  1. Get access

    Start the free trial, subscribe, or buy a lifetime license on this page.

  2. Download

    The indicator is not sent by email. Open (top right of this page) and enter the email you used for your trial, subscription or purchase. The installation file (.zip) downloads to your computer.

  3. Import into NinjaTrader 8

    In the Control Center, go to Tools → Import → NinjaScript Add-On and select the downloaded .zip file. Do not unzip it.

  4. Add to a chart

    Open a chart, click Indicators, select the indicator from the list and apply it.

  5. Activate the license

    In the indicator settings, enter the same email. On first activation, the license is linked to that email and to your computer.

Updating: When a new version is released, download it again through and import it the same way over the existing version.

Installation questions? Contact support, Monday to Friday.

Developed by Nordman Algorithms

Developed, tested, documented, and maintained by our algorithmic trading software development team.

Meet the Team →
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Custom Programming

Need a different setup?

We can customize this indicator to your workflow, or convert it into a fully automated trading strategy with risk management and trailing-stop logic. Fixed-price quote before development begins.

Custom Logic Strategy Automation Risk & Trailing-Stop Logic Alert & Automation Outputs