Fibonacci-based indicators & Trading Logic Introduction
Learning the basics of the indicators and the trading of Nexgen's Fibonacci areas
Consistency is the #1 factor when working towards converting small trading accounts into large trading accounts. Nexgen's simple rules and automated software combined with your participation is how you will guarantee your success with Nexgen. Watch the 3 videos below this table and get started on the simulator, then trade a small account and build your trading accounts with profit.
Click to enlarge- Simulate- Start Small and Ramp Up with Profits
Nexgen Indicator Introduction is a 9-minute video detailing each indicator and the basics of how you will incorporate them into day-to-day market analysis.
Click to Enlarge -Nexgen's Fibonacci-based Indicator Introduction
The following video will give you a deep understanding of which Fibonacci tops and bottoms are more powerful. Trading the most powerful Fibonacci tops and bottoms will give you an incredible edge over the market. This video will help you understand what the charts are saying to you.
view full screen- How to accurately read Nexgen Fibonacci areas for high probability trades
The results of the trade are yours only after you exit the trade. This next short video will help fine-tune your entries and, equally as necessary, your exit management.
Entry and Exit Management Video
Fibonacci confluence areas will be represented by the red and blue lines on the chart. The Fibonacci analysis is done automatically on 10,000 + data points by the T3 ProTrader to give you the most powerful, dynamic, and accurate Fibonacci indicator ever developed.
Click to Enlarge- Nexgen Software Servcies Fibonacci Support and Resistance Indicators
Fibonacci 100% alternate projections. AKA one-to-one's: 1:1's or YELLOW DOTS are also very helpful at defining entry and exit points on each chart.
click to enlarge- Nexgen Software Services One-to-One Fibonacci Projections
One to One ( YELLOW DOTS)
The Mid Band is a Fibonacci-based (55) period exponential moving average as a potential entry or exit area.
click to enlarge- Fibonacci Support and Resistance, Mid-Bands and One-to-Ones by Nexgen Software Services
T3 Trigger lines use a moving average linear regression calculation and determine trend, momentum, and when Fibonacci levels will hold or break. The trigger lines are also responsible for changing the background color on the chart from red to green.
Small triggers = 20-period indicator that shows the short-term trend and direction.
Synthetic Trigger = (any-period) trigger line derived from another chart. The 5-1 chart is the only chart you will see using a synthetic 8-range large trigger.
Large Triggers = 38-period indicator that shows the long-term trend and direction.
click to enlarge- Nexgen Software Services 5-1 Dynamic Renko chart Trigger Lines, small, large and synthetic
Divergence shows the deviation between two items. Nexgen uses price swings and a MACD indicator to compare highs and lows. The Fibonacci analysis compares the two swings, and when there is a "Fibonacci retracement divergence," the indicator will plot divergence on the charts.
The divergence indicator will plot negative #’s when a divergence is true. Remember that the size of the divergence number does not matter. Think of divergence as a true-false indicator. When divergence is true at the high, the indicator will plot a magenta line and a negative number from that high. When divergence is true at the low, the indicator will plot a cyan line and a negative number from that low.
Divergence is used extensively for entry and exit management and defining termination conditions. You will learn more about this in the entry and exit sections of the educational material.
Divergence is measured between price and macd swings
click to enlarge- Nexgen Software Services Fiboancci-based Divergences
Nexgen Dynamic Renko Bar Description