Fibonacci Fan

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

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.

Line

Name	Description
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.

Object

Name	Description
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.

Control Points

Name	Description
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.