Fibonacci Fan
The Fibonacci Fan is one of the tools for technical analysis based on the use of Fibonacci levels.
Last updated
The Fibonacci Fan is one of the tools for technical analysis based on the use of Fibonacci levels.
Last updated
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.
Enable
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.
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.
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.
Visibility
Sets the parameter on which the Fibonacci Fan wave will be displayed.
Position
Display of a Fibonacci Fan wave above or below the chart.
Coordinates
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.
