The EKEFibLines indicator is a custom technical analysis tool designed for NinjaTrader 8. It assists traders in identifying potential support and resistance levels by plotting Fibonacci-based lines around a central Exponential Moving Average (EMA).
The EKEFibLines indicator comes with preselected Fibonacci levels optimized for DAY and 2000Tick charts. Users can also choose the Custom option to manually set their own Fibonacci levels.
The EKEFibLines indicator allows users to customize line styles, colors, and thickness for its plots, including the EMA and Fibonacci levels. This flexibility enables traders to adjust the visual appearance to suit their preferences and enhance chart readability.
The EKEFibLines indicator features an automatic update alert system that checks for new versions by fetching version information from a remote server. When a newer version is available, it displays a dialog box prompting users to visit the website for the latest update, ensuring they stay current with the indicator's improvements.