Customizing your Fibonacci retracements, extensions and time extensions
are pretty easy on NinjaTrader 8, we're going
to show you how exactly to do that and show you
some extremely useful tips and tricks so let's get going...
(funky reggae music)
OK welcome back, let's get started with customizing
these Fibonacci tools
I'm going to first start off by looking at the Fibonacci retracement tool
If you want more of these tips and tricks, don't forget to subscribe
Step 1 is going to be just drawing it onto your chart where you can see the current values.
You can click the pencil tool on the menu bar
and just go down to the Fibonacci retracement
or for those who like to use the keyboard like me
Hit that "F8" key and you'll see the mouse change to a pencil so you're ready to draw
Go ahead and now drag from the top to the bottom
since you're interested in retracements and since
you're using the Fibonacci retracement tool
and watch it draw all your fib studies.
Now the next part is selecting the drawing tool that you just put on
to your charts - you'll have too do this by selecting
the anchor line
This is the line that goes from the high to the low
and not the specific level's
So go ahead and select it with your mouse, you'll know when it's selected because you will
see the circles around the anchor line itself.
As these circles are shown and the anchor line
is selected, right click and go to properties
and scroll all the way down where you see the "property"
box called "Levels"
Hover your mouse over the number of price level's shown and it will switch
to the option to EDIT those level's.
So select that and a new box will open where you can change
all of those levels, colors, styles and anything else you possibly want.
Take note of the level's that we have here
and you'll get the idea of how they are formated
example the 61.8 extension is not a 0.618 which some older platforms use
Once you've done all your changes, hit OK and this is where the magic is going to happen.
Before hitting OK again, and going back to your charts you will see in this window in the bottom right
it says "Template"
Go ahead and tap that, also it might be a good time to tap that "Like" button on this video
as we appreciate it and it will help show some other people how to customize their fib level's too.
So now that you've taped the template button and hopefully that like button on the video, let's hit save and new
window will open to ask you what you want to save
this template as...
You can call this anything you want, HOWEVER
If you want to customize your fib levels to stay the same EVERY single time you
use your fib levels to draw, you must call it default
OK so go ahead and try naming it default and hit save.
If you already have one there you can go ahead and select it and just replace it by hitting OK
Now that you've saved it, go ahead and hit OK on the final box and get back to your main chart.
So that's it!  Your Fibonacci customizations have been applied.
If you use the drawing tool again, all your customization fib levels
will be automatically drawn in, without having to edit them again, and since it's using the
default template it's always going to grab those defaulted customization
fib levels that you just applied
If you thought that was cool, you need to check out our XABCD News Indicator and Price Line Indicator
that are totally free, we'll link some videos to them but you can also get them from XABCDTrading.com
Now I don't know if you guys have any questions or topics that you want to see covered, leave a comment below or head over to
XABCDTrading.com
and click on the live chat button
and let us know if there is a video topic you want us to cover.
Don't forget to hit the subscribe button and of course help yourself to those free indicator tools
and we'll see you guys in the next video....
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