# FibElliDott

In order to appear, the AlgoBox™ FibElliDott ("FibDot") requires at least five points of market structure confluence from Fibonnaci retracements, extensions, projections and Elliott Wave patterns. It is used in confluence with many setups that the AlgoBox™ trading system offers.

<figure><img src="https://3588932008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSmdQdlKTkpiw2LN0L1TV%2Fuploads%2F4aiLLBK6MDibJOf4cdrG%2FFIBELIIDOTT%202.gif?alt=media&#x26;token=12c8a96d-b3a6-422f-847d-132fc85b89a2" alt=""><figcaption><p>🟢 Bright green &#x26; 🟢 dark green FibElliDotts.</p></figcaption></figure>

There are 6 types of FibElliDotts: Three bearish signals and three bullish signals.

<figure><img src="https://3588932008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSmdQdlKTkpiw2LN0L1TV%2Fuploads%2FOOnC81YR6am0TjGQNVWf%2FFIBELIIDOTT%203.gif?alt=media&#x26;token=4f0c2a46-1e39-4e28-bcd4-2a9b8ef01845" alt=""><figcaption><p>🔵 Blue &#x26; 🟢 dark green FibElliDotts.</p></figcaption></figure>

The stronger the FibElliDott, the more points of confluence are present, up to fifteen points of confluence for the strongest dots:<br>

Bullish FibElliDotts:<br>

* Dark green: Moderate strength
* Bright green: Strong
* Blue: Strongest

<div align="center"><figure><img src="https://3588932008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSmdQdlKTkpiw2LN0L1TV%2Fuploads%2F3gOOnTSXnpkQHQ5eviDV%2FFIBELIIDOTT%201.gif?alt=media&#x26;token=13b22ef3-0279-487a-94bb-7c1f31ef345a" alt=""><figcaption><p>🔴 Dark red &#x26; 🍥 pink FibElliDotts.</p></figcaption></figure></div>

Bearish FibElliDotts:<br>

* Dark red: Moderate strength
* Bright red: Strong
* Pink: Strongest

<figure><img src="https://3588932008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSmdQdlKTkpiw2LN0L1TV%2Fuploads%2FbABTBwLLUh0lzVCwuxXR%2FFIBELIIDOTT%204.gif?alt=media&#x26;token=eb174a87-1484-4b56-86b4-16a2e65098ec" alt=""><figcaption><p>🔴 Dark red &#x26; 🔴 bright red FibElliDotts.</p></figcaption></figure>

FibElliDotts are used in confluence with other indicators such as Harmonic Patterns, FlowMaster™  Crosses, FlowMaster™ Alpha-Omega Crosses to stack even more confluence for your trading analysis.

## Piercers

On rare occasions, shortly after the FibDot appears, price may continue moving beyond the FibDot - which would then be considered a "pierced" FibDot or potentially a [Piercer strategy](#piercers), if there are other factors of confluence supporting the Piercer strategy.&#x20;

<figure><img src="https://3588932008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSmdQdlKTkpiw2LN0L1TV%2Fuploads%2Fi5pa66ijTPbl2h7VGDhc%2FFIBELIIDOTT%20PIERCER%20%202.gif?alt=media&#x26;token=2ae35fab-289a-49dd-b53b-a60f7b25b4c3" alt=""><figcaption><p>Here is an example where the price has pierced through the 🟢 dark green FibElliDott and continued to plummet.</p></figcaption></figure>

If price continues beyond the FibDot almost immediately, the FibDot may disappear.

<figure><img src="https://3588932008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSmdQdlKTkpiw2LN0L1TV%2Fuploads%2FWIa6d0RRcvDGcZ5hIZ7I%2FFIBELIIDOTT%20PIERCER%201.gif?alt=media&#x26;token=80fa75d9-3896-4e4d-a47f-65f5cf59dcb1" alt=""><figcaption><p>An example where the price has pierced through the 🔴 dark red FibElliDott and continued to climb higher.</p></figcaption></figure>

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## Examples:

<figure><img src="https://3588932008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSmdQdlKTkpiw2LN0L1TV%2Fuploads%2FRF6MLfsUd5s1AKKcgRF5%2FFIBELIIDOTT%20PIERCER%20chart%20Main%201.gif?alt=media&#x26;token=499d0e28-20d6-4324-b7a3-f5c26d29bdda" alt=""><figcaption><p>A live chart example where the price has pierced through the 🟢 dark green FibElliDott and continues to fall.</p></figcaption></figure>

<figure><img src="https://3588932008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSmdQdlKTkpiw2LN0L1TV%2Fuploads%2FnxylogkROE1NMhn9FgLs%2FPIERCER%20chart%20Main%202.gif?alt=media&#x26;token=7f642afc-82af-45b9-b7fb-eebae78949b4" alt=""><figcaption><p>Another live chart example where the price has pierced through the 🔴 dark red FibElliDott and continued to rise.</p></figcaption></figure>

<div data-full-width="false"><figure><img src="https://3588932008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSmdQdlKTkpiw2LN0L1TV%2Fuploads%2FVOAVBKBVUiIfa3PLWkEn%2FDouble%20Dot%20Piercer%20gif.gif?alt=media&#x26;token=035b3a2f-3094-4558-b9c6-8122e8e2622c" alt=""><figcaption><p>WATCH: A <a href="../strategies/double-dott">Double Dot</a> strategy gets pierced as sellers continue to enter the market, pushing price down. Confluence is required, such as with <a href="flowmaster-tm-audiobox">FlowMaster™ AudioBox</a>, <a href="macv-ultimate">MACVU</a> and <a href="speedometer-and-psychology-module">market speed</a>.</p></figcaption></figure></div>

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## FibElliDott Settings

<figure><img src="https://3588932008-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FSmdQdlKTkpiw2LN0L1TV%2Fuploads%2F5ImzrUlvbM7PdxgenzSW%2Ffib%20dott%20settings%20gif.gif?alt=media&#x26;token=87327b5d-059f-4e4d-993e-206e9fff7ec6" alt=""><figcaption><p>The FibElliDott offers a variety of customizable settings, allowing you to adjust them according to your preferences. Default AlgoBox™ settings are shown.</p></figcaption></figure>

### 1. Audio

The audio alerts you once a FibElliDott is plotted on the chart. You can customize these alerts by changing the audio to a preferred voice or sound, or turn them off entirely.

<mark style="color:yellow;">Sound Alert:</mark> Receive sound alerts when a FibElliDott is detected on the chart, with the option to add your own custom sound.

<mark style="color:yellow;">AlgoVoice:</mark> You can enable or disable real-time audio alerts as per your preference.

<mark style="color:yellow;">Voice Rate:</mark> You can customize the speed of the AlgoVoice alerts to your preference.

All custom sounds must be in .wav file format only.

### 2. Calculations

Allows you to control how frequently the FibElliDott indicator recalculates. The Calculation sets the frequency of these calculation cycles. Customization allows for greater control over data update rates.

<mark style="color:yellow;">Calc Override:</mark> Default setting is unchecked. Check this setting to customize and utilize Calc Interval.

<mark style="color:yellow;">Calc Interval:</mark> Set your custom desired calculation interval. The smaller the number, the more frequently the indicator will recalculate, which increases processing load on your system's CPU. The default setting of 1000 is in milliseconds, which is equal to 1 second. If you wanted the FibElliDott to calculate every half second (twice as fast as default 1000ms), then you would enter 500 in this field.

<mark style="color:yellow;">Limit # Of Bars (Performance):</mark> Allows you to set the maximum number of bars calculated.

<mark style="color:yellow;">Strength of Swing:</mark> Represents the size and distance of the FibElliDott. A higher number indicates a larger swing size to be calculated before appearing on the chart. This may reduce the frequency of FibDots appearing.&#x20;

### 3. Misc

This setting allows you to choose what you want to display: Bull, Bear, or HoneyBadger which shows Bull & Bear. Additionally, the Medium Confluence, Large Confluence, and King Confluence options let you customize the directional bias of the different FibElliDott levels.&#x20;

### 4. Visual Settings

Allows you to customize colors with various options, including Original, Protanopia, Deuteranopia, Tritanopia, Red-White-Blue, and Grayscale, to suit your preferences and visual needs.

### 5. Data Series

Displays the current chart instrument, contract date and configurations applied.

<mark style="color:yellow;">Input Series:</mark> This setting determines which chart the indicator is displayed on, linking the indicator to the selected chart data.

### 6. Setup

Allows you to add a label, set the maximum bars to look back, and configure calculations based On Price Change, On Bar Close, or On Each Tick.

<mark style="color:yellow;">On Price Change:</mark> Updates the indicator only when there is a change in the instrument's price.

<mark style="color:yellow;">On Bar Close:</mark> Updates whenever a new bar closes, recalculating based on the finalized bar data to reflect the latest market conditions and changes in trends. Be mindful of whether you are using AlgoBars or range bars. This is the default setting for this indicator.

<mark style="color:yellow;">On Each Tick:</mark> Updates with every price change or tick in the market, providing real-time adjustments and reflecting the most current data. This setting increases CPU processing load.

### 7. Visual

Allows you to customize button colors, adjust the button placement, and modify the font type and size to suit your preferences. The Visual Settings shown are default settings which usually do not need to be changed unless specified in release notes or instructional video, live stream or on Discord etc. Auto scale is recommended to be unchecked.

<mark style="color:yellow;">Auto Scale:</mark> Automatically adjusts the indicator’s scale to fit within the chart’s price axis, ensuring it’s properly visible without manual adjustments.

<mark style="color:yellow;">Displacement:</mark> Shifts the indicator's plot forward or backward on the time axis. This setting is useful for aligning the indicator with price bars or other chart elements, especially in cases where you want to visualize future or past data relative to the current price.

<mark style="color:yellow;">Display in Data Box:</mark> Determines whether the values are shown in the Data Box, which is an on-screen display that provides detailed information about the current values when you hover over or click on the chart.

<mark style="color:yellow;">Panel:</mark> Specifies which panel or sub-panel the indicator is displayed in on the chart. Indicators can be placed in separate panels above or below the main price chart, allowing for organized and uncluttered visualization of multiple indicators.

<mark style="color:yellow;">Price Markers:</mark> Controls the display of markers or symbols on the price axis associated with the indicator's values. This setting helps highlight specific price levels or events directly on the price chart for better visibility and analysis.

<mark style="color:yellow;">Scale Justification:</mark> Determines where the indicator is positioned on the price scale, such as to the right or left side of the chart.

<mark style="color:yellow;">Visible:</mark> Toggles the overall visibility of the indicator, allowing you to hide or show it on the chart as needed.

{% hint style="warning" %} <mark style="color:yellow;">All settings displayed in the settings image are the current default configurations provided by NinjaTrader and/or the AlgoBox™ Pro software, and may change at any time in future software updates without notice.</mark>
{% endhint %}

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## Video Tutorials: FibDot

{% embed url="<https://youtu.be/DK529R-dYVs?t=907>" %}
WATCH: Vinny E. Mini teaches the FibElliDott just after the 15 minute mark in this tutorial.
{% endembed %}

{% embed url="<https://www.youtube.com/watch?t=2248s&v=-6UnGvsbWHA>" %}
WATCH: Vinny E. Mini teaches the [Piercer Strategy](#piercers) just after the 33 minute mark in this tutorial.
{% endembed %}

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Only available on AlgoBox™ for NinjaTrader 8. [Try AlgoBox™ for free today.](https://www.algoboxpro.com/start-trial)

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