# Fibonacci Extensions

Fibonacci Extensions is a technical analysis tool that plots Fibonacci extensions using three points:&#x20;

* Start of the trend
* End of the trend
* End of the correction to the previous trend

Enabled on the **Drawing toolbar** with the button **Fibonacci Extensions**.![](https://s3-eu-central-1.amazonaws.com/euc-cdn.freshdesk.com/data/helpdesk/attachments/production/80034675743/original/qZv6vkJA0-lvkL-nXAmlIF1_jUblrRpNbA.png?1630674964)

![](https://s3-eu-central-1.amazonaws.com/euc-cdn.freshdesk.com/data/helpdesk/attachments/production/80034678097/original/C97zYTExipa4hheJPzD94asWLHTvEOjVkQ.png?1630675373)

### Fibonacci Extensions instrument settings <br>

<figure><img src="https://s3-eu-central-1.amazonaws.com/euc-cdn.freshdesk.com/data/helpdesk/attachments/production/80074197126/original/9Vn8OpWYDLP9bN6C94nVQvYYbftPNPlOIQ.png?1643886542" alt=""><figcaption></figcaption></figure>

#### Levels

| 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.                                                                                                                                               |
| Level Width  | Sets the width of the area of Fibonacci levels.                                                                                                                                                                               |
| Text         | <p>This option determines the position of the label relative to the line<br>(top left<br>middle left<br>bottom left<br>top center<br>middle center<br>bottom center<br>top right<br>middle right<br>bottom right)<br>Hide</p> |

#### 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 a specific 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. |

#### Line

| Name       | Description                                                                     |
| ---------- | ------------------------------------------------------------------------------- |
| Line Color | Sets the color of the line between the construction points.                     |
| Line Width | Sets the width of the line between the construction points.                     |
| Line Style | Sets the 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.                        |


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