# Fibonacci Retracement

Enabled on the **Drawing toolbar** with the button **Fibonacci Retracement**.![](https://s3-eu-central-1.amazonaws.com/euc-cdn.freshdesk.com/data/helpdesk/attachments/production/80034674879/original/LXPI-NkiFAJBEioGIdHeQz110uuygo-Xaw.png?1630674788)

![](https://s3-eu-central-1.amazonaws.com/euc-cdn.freshdesk.com/data/helpdesk/attachments/production/80034675004/original/_z2vgIgi1OA_FPf5Do-ZBp3xolXGE0yEJg.png?1630674806)

### Fibonacci Retracement instrument settings

![](https://s3-eu-central-1.amazonaws.com/euc-cdn.freshdesk.com/data/helpdesk/attachments/production/80034675509/original/3gVQFTtsupWs3pjna7_I5m9t049ttCdpcA.png?1630674922)

#### 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 | <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 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.                        |