The Fibonacci Fan is one of the tools for technical analysis based on the use of Fibonacci levels. It got its name due to the unique characteristics of its construction: three lines emerging from one point and passing through three key levels.
The Fibonacci fan is used to identify potential support and resistance levels or potential reversal zones.
Enabled on the Drawing toolbar with the button Fibonacci Fan.
Fibonacci Fan settings
This option enables / disables the display of its set levels.
In this section, you can add your own levels or delete ones that are not necessary. Each level can be customized individually.
This option enables / disables the display of this level.
Sets the value at which the level will be positioned.
Sets the level line color.
Sets the width of the level lines.
Sets the level line display style: solid, dashes, point, dash-point, dash-two points.
Sets the line color.
Sets the line width.
Sets the line display style: solid, dashes, point, dash-point, dash-two points.
Sets the parameter on which the Fibonacci Fan wave will be displayed.
Display of a Fibonacci Fan wave above or below the chart.
Ability to manually set the coordinates of points on the time and price scales.
The option enables a position on the chart to be locked.