Golden Ratio Pivot indicator for Thinkorswim TOS

The golden ratio is also called the golden mean or golden section.
It has been used to analyze the proportions of natural objects as well as man-made systems such as financial markets.
The mathematics of the golden ratio and of the Fibonacci sequence is intimately interconnected. The Fibonacci sequence is:
1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, ....

The golden ratio is the limit of the ratios of successive terms of the Fibonacci sequence (or any Fibonacci-like sequence).

This golden ratio pivot indicator plot 5 support levels and 5 resistance levels based on the golden ratio and a center pivot line.
It is very easy to use with no complicated parameters waiting for you.
All you need to do is to load it to your chart.
This indicator works on all time frames.
The levels of support and resistance are formed at the beginning of a new session, and it will never repaint.

The following images show how Golden Ratio Pivot works in same timeframe and same period but with different settings.
 

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If you want to customise this indicator, please contact us. 

Trend candlestick chart type for Ninjatrader

This candlestick chart type will show a candle is outlined in positive color if the current close price is higher than that on the previous time period.

On the contrary, if the current close price is lower than that on the previous period, the candle is outlined in negative color.

If close prices on the current and the previous time periods are equal or if the candle is the first on the chart, the candle is then outlined in Flat color.

If the close price is lower than the open price and close price is higher than the previous one, it is filled with positive color. The candlestick will be solid green. Otherwise, it is hollow candlestick.

If the close price lower than the open price and close price is lower than the previous one, it is filled with negative color. The candlestick will be solid red. Otherwise, it is hollow candlestick.

If the candlestick outlined in Flat color has the close price lower than the open price, it is filled with Neutral tick color. Otherwise, it is left unfilled.

 

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Get it here:http://www.patternsmart.com/cart/index.php?route=product/product&path=57_83&product_id=322

This NinjaTrader indicator is developed under Version 7 and it is NOT necessarily compatible with NinjaTrader Version 6.5.
Please note: it is a very useful indicator, but cannot be used as sole evaluation criteria.
 

Please let me know your suggestions and ideas so that we can improve this indicator.

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Customers need to provide the source code of the file from the original platform, if you don't have the source code please consider our customization service.

Please send the source code file and details to: patternsmart@gmail.com

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Our conversion service includes but not limited to the following platforms:
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Convert from any trading platform to MetaTrader 4 MT4

Customers need to provide the source code of the file from the original platform, if you don't have the source code please consider our customization service.

Please send the source code file and details to: patternsmart@gmail.com

We will give you a quote based on the task.

The average processing time is about 1 to 2 days.

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Converting indicator, screener, scan, study, strategy and algorigthm from another platform to MetaStock formulas MSFL.

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Convert TradeStation to MetaStock formulas MSFL
Convert Multicharts to MetaStock formulas MSFL
Convert from any trading platform to MetaStock formulas MSFL


Customers need to provide the source code of the file from the original platform, if you don't have the source code please consider our customization service.

Please send the source file and details to: patternsmart@gmail.com

We will give you a quote based on the task.



The average processing time is about 1 to 2 days.