Fib Circle Line indicator

Here are some unique indicators that I made for ninjatrader. Try it out if you have any free time and want to play with a useful tool.

Import by going to files->utilities->import ninjascript.

Enjoy!

This post contains the most recent indicators that I've made. Don't download the other indicator in this thread, its old, i couldn't delete it.

In order to use, draw a fibonacci circle and change the tag to whatever is in the tag parameter for the fibsr or amazin'arc indicator.

note: Thanks Invicta! I highly recommend everyone to get the book unlocking wealth secret to market timing (by john crane), its amazing! The PivotSwing draws pivot points as blocks.

Also, if i may say so. Isn't she puuuurty! The amazing arc? Transparency effects really make it visually appealing, even if we have the 270 arc and the extended grid!

amazing arc and pivot swing dot indicator
note: dots are drawn atleast two bars after the dot you see, if price is uber flat it may be 3 or 4 bars. However, no dots are erased once they are shown.

the amazing arc will draw a button on the toolbar. Click that, and type in a number for an arc (0 is the blue arc, 1 is the first red, 2 is the second green, 3 is the second red, 4 is the second green, and 5 is the third red)
When price reaches the arc, or is inside the two arcs, an alarm will go off (one short noise), after that the alarm will turn 'off.' If you enter an invalid number, the alarm will stay 'off'.





fibsr



Circle Contours

The circle contour indicator looks at your chart and locates three lines of a 'palegreen' color. When it finds this, it draws three contours. The outer palegreen contour is the intersection of circles which start from the swing startpoint to the end. The limegreen contour is the intersection of circles which start from the swing startpoint and go 2/3 of the way to the end. Finally, the red contour is 1.5/3 the way.

If you dont see a limegreen or red, it is because there was no area of price where price was 2/3 the way from all swing start points (or 1/3).
Therefore, in a way, the contours you see are 'points' on the chart.

If you dont see a palegreen contour, it is either because you do not have 3 swings (you need exactly 3 palegreen swings), or it is because they are too far apart (which can only happen if the swings are not consecutive/near consecutive.

There is one small bug where you will see what seems like 4 arcs in th epalegreen contour, this is because the 'intersection' function isnt perfect, but this wont distract from everything.

Circle contours are meant to be used with the amazingarc tool in order to determine how far to expand the amazingarc to locate the end of the swing before it happens. Also, its really fun to play with!

Hope you enjoy and comments are welcome (constructive onnes)!


Bubble
Draws a red and green and blue circle on each line of the specified color and width, corresponding as shown in the picture. the circles correspond to the first three arcs of the amazingcircle

Consider this.
Let us assume that every swing in price turns around because of only one reason: because it has met two lines of resistance or support. One line to stop its up (or down) movement, and the second for it to gain strength for the opposite movement. A triangular wedge of sorts.

Also, know that when you adjust the y axis scale , you change the slope of price relative to the tangent lines (the slope of the tangent lines always remains constant).

Now. What if you placed the center of the fib circle on the previous swing, expanded it until the horizontal line reached the top of the swing, made sure the start-end line of the fib circle is vertical, and then adjusted the y axis until one of the brown lines intersects the top, right where it turned around, or started going down. Now, we have a line of resistance that was used to turn price around. Place that fib on the end of the swing, flip the direction around, and see what happens when you expand the circle to the end of the next swing. See something interesting? Perhaps this hints at some hidden order in the market.

The fib circle is a measuring tool to measure the geometry, in price and time, of the market. It allows you to fit past price action and then predict the future. It is like you are creating a local model.

Lets examine a more useful form of calibration. Draw your fib circle, make sure the start-end line is vertical, and expand it until the horizontal line is at the endpoint of a swing. change the y axis until the horizontal line and one of the vertical lines intersects.

see what happens its just for fun, i havent actually traded with this quite yet

expand


calibrate (change y axis)


observe
so.... i predict it is the end of a swing right now. who knows!

Heres another update with a new version which allows you to offset tangent lines, as seen in the picture below which also shows you sort of how to use it.

When OffsetLines = true, you get the textbox in the toolbar. You should enter four numbers. The first two is the ratio of the line you want to use and then the position. The next two is the ratio of the radius you want to offset it to, and the position. A radius of 0 is great, it puts the line at the center of the circle.

A position can be 1, 2, 3, or 4 (as i drew in the picture) and it indicates the section of the coordinate axis where the line is tangent to the circle.

edit: stupid bugs! fixed!

you can put as many whitespaces as you want between each number

added the offset position capability for 'time left' and 'time right'

I also made the offset position more simple.

now only 3 numbers.

number 1: circle ratio which produces the tangent line slope
number 2: circle ratio where the line should be placed
number 3: position (1,2,3,4) where the line is tangent

since i can always edit the first post, i have decided to place the newest indicator there.

just for fun. this is my prediction for SLW. its a little ridiculous, right? which is why it will be awesome if correct!

i was surprised personally. the best theory is one where you are able to be surprised, so if it works out,

august 30th or so it should reach the high of $32.

Starry, I believe you have discovered important market cycles with your circle tool. Similar work has been done by Eduard Altmann who has developed a tool called Gunner24 (a free trial can easily be found via Google) that makes an overlay on any chart so it even works on Metatrader, which doesn't support circles. I attach two copies of your chart with the Gunner24 overlays. Notice how price often traces around the semicircles. (BTW, I've no commercial interest in this product - just a satisfied user.)

thanks, yes that is what i also noticed. I think theres something on this forum called 'circular trendline method.'

Its very interesting to note that you can use circles and lines to analyze the emerging structure of the market - including trendlines and such. Its harmonic!

Ive thought about it a bit more, and I think i am going to have to take a look at that free trial, it looks very similar to the way i use my tool, and it will definitely accelerate my understanding of how to use such methods.

thanks!

Yes, Starry, I'm sure harmonics underpin all markets. The "circular trend line method" is also interesting but, like so many on this forum, I use Metatrader which, as I previously mentioned, doesn't support circles. Maybe I should switch to NinjaTrader like you.

T. Henning Murrey is someone else who has reinterpreted the work of W D Gann by developing Murrey Math Lines. (Google "Murrey Math" for information.) Both he and Eduard Altmann must be onto something because their indicators often give similar results.

can u give some examples where they produce similar results? just to see the correspondencE?

yes, i HIGHLY recommend ninjatrader, its so much better in my opinion. I would say that geometry underpins all the markets, and the harmonic patterns is one of the emerging themes so to speak

edit: nevermind, i get why they are similar

Also, if you move you can do fib circles and replicate the arc function of gunner!

see the screenshot, i couldnt get the 500% line on , not enough boxes for fibs

ill program this tool into ninjatrader and post here when im done .....

k, heres the grid tool! See top post.

Put the indicator on your chart.
draw a fib circle and give it the tag "grid" (without quotes)
it will convert the fib circle to a grid circle


Ill have to play with it later!


EDIT: Ill repost it tomorrow when ive drawn all the little lines and made it visually appealing.
EDIT: here it is

just to be complete. heres the slw version using the amazing grid!

I see something around $28 and something else around $32.50. ill see! also i really have no clue how to use this, besides my experience with my tool with lines. ill read their manual

Starry, good work with your Gunner24 tool. Here's a chart of XAUUSD showing similarities between Gunner24 and Murrey Math Lines. The Aug 23 target date for the next high was calculated using John Crane's Reaction Count method as described in his books " Unlocking Wealth - Secret to Market Timing" and "Advanced Swing Trading". BTW, please be aware that, because Murrey Math Lines update, it is not possible to look for similarities on historical charts.

thanks for showing the similarities! We will have to wait, it will come up soon. Im taking off for vacation, so good luck to all of you

May we all bank

I have uploaded a new version of gridcircle which draws an extended grid to the left by default, and i got rid of the arc = true/false thing because the extended grid is far more useful.

By first adjusting the y axis using fibsr and then expanding the grid circle so that it 'fits' the past (in terms of diagonal s/r) , you can pinpoint the time before the swing ends. By extending it in another manner, you can extend the grid circle before the swing even starts so that the arcs act as they should.

and heres my POT prediction, where the grid circle is extended so that the circles act as they should, and the time and price have been marked. Hopefully it will work out because i am trading this.

Hi Starry ! Very much interested to play around with these.. Is there a version compatible with MT4 ? (I don't use Ninja Trader)