Nexgen Fibonacci-based indicator descriptions
Learning the basics of the indicators on your Nexgen charts
Since 1997 Nexgen's Fibonacci-based software has been fine-tuned to be powerful, dynamic, accurate, and will give you every technical analysis advantage you need to identify 70%+ winning probability trades. When your demo is complete, you will trust Nexgen, your indicators, and most of all, you will trust yourself to be a profitable trader. Our goal is for you to win and win big! For this to occur, we have to start each client with a solid foundation so you will build your skills confidently. Please watch the introductory video.

Nexgen's Indicator Descriptions

Nexgen indicators

Nexgen's Fibonacci Engine- The Framework of the market

The T3 Fibs ProTrader automatically analyzes 1000s of Fibonacci levels; then, using a filtering algorithm, it sorts, ranks, and displays the strongest concentration of Fibonacci confluences as red or blue lines on the chart. Fibonacci confluences will act as powerful support or resistance. When price trades beyond a Fibonacci level, the trend will continue. Fibonacci areas will serve as entry areas, price targets, and breakout levels.

Fibonacci areas are the red and blue lines on your chart. The Fibonacci analysis is done automatically by the T3 ProTrader.

Click to Enlarge- Nexgen Software Servcies Fibonacci Support and Resistance Indicators

Fibonacci One to One's

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 of the charts. These are generated automatically by the program, and the market will respect these levels. The following picture shows you the basic framework for a one-to-one.
click to enlarge- Nexgen Software Services One-to-One Fibonacci Projections

Moving Average -Mid-band support and resistance

The Mid Band is a Fibonacci-based (55) period exponential moving average as a potential entry or exit area. In conjunction with Nexgen's Fibonacci areas and one-to-ones, the mid-band will also act as an entry and exit target. The three main "areas" to look for entries with the trend will be Fibonacci, mid-band, and one-to-ones. The picture below displays each of the three.
click to enlarge- Fibonacci Support and Resistance, Mid-Bands and One-to-Ones by Nexgen Software Services

Nexgen's T3 Trigger lines

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. To be successful, you must properly use the Fibonacci and Trigger lines. Here are the 3 terms you will use with triggers.
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

Nexgen's T3 Divergence

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 as well as 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
Last modified 1mo ago