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
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
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
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.
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
Visibility
Sets the parameter on which the wave will be displayed.
Position
Display of a wave above or below the chart.
Control Points
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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