Fibonacci retracement is an auxiliary technical analysis tool that plots Fibonacci levels on a chart. The instrument determines correction levels on any timeframe.
Enabled on the Drawing toolbar with the button Fibonacci Retracement.
Fibonacci Retracement instrument settings
Line
Name | Description |
Expand Left | Extends all Fibonacci levels to the left on the chart. |
Expand Right | Extends all Fibonacci levels to the right on the chart. |
Line Color | Sets the line color. |
Line Width | Sets the line width. |
Line Style | Sets the line display style: solid, dashes, point, dash-point, dash-two points. |
Text
Name | Description |
Alignment | This option determines the position of the label relative to the line |
Custom Levels
Name | Description |
Enable | This option enables / disables the display of its set levels. |
Levels
In this section, you can add your own levels or delete ones that are not necessary. Each level can be customized individually.
Name | Description |
Show Line | This option enables / disables the display of this level. |
Value | Sets the value at which the level will be positioned. |
Line Color | Sets the level line color. |
Line Width | Sets the width of the level lines. |
Line Style | Sets the level line display style: solid, dashes, point, dash-point, dash-two points. |
Object
Name | Description |
Visibility | Sets the parameter on which the wave will be displayed. |
Position | Display of a wave above or below the chart. |
Control Points
Name | Description |
Time, Price | Ability to manually set the coordinates of points on the time and price scales. |
Lock | The option enables a position on the chart to be locked. |