Fibonacci Retracement

Fibonacci retracement is an auxiliary technical analysis tool that plots Fibonacci levels on a chart. The instrument determines correction levels on any timeframe.

Enabled on the Drawing toolbar with the button Fibonacci Retracement.

Fibonacci Retracement instrument settings

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	This option determines the position of the label relative to the line (top left middle left bottom left top center middle center bottom center top right middle right bottom right) Hide

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.