For illustrative purposes only, not a recommendation.
Description
Fibonacci arcs are concentrical circles plotted at the end point of the trendline; their radii are based on Fibonacci ratios. After the uptrend, these circles might signify support zones, while after the downtrend, they might indicate the resistance zones.
In order to add the Fibonacci arcs drawing to chart, choose it from the Active Tool menu. Specify begin and end points of the trendline; the circles will be added automatically.
Properties
Appearance:
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Visible. Set this property to "No" in order to hide the Fibonacci arcs.
Begin point:
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Value. Defines the price value corresponding to the begin point of the trendline.
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Date/Time. Defines the time scale value corresponding to the begin point of the trendline.
End point:
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Value. Defines the price value corresponding to the end point of the trendline.
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Date/Time. Defines the time scale value corresponding to the end point of the trendline.
Fibonacci curve properties:
This section allows you to add extra circles to the Fibonacci arcs.
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Visible. Defines which of the extra circles should be visible.
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Coefficient. Defines the retracement percentage as a decimal.
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Color. Defines the color of the circle.
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Style. Defines whether the circle should be plotted as solid, long-dashed, or short-dashed.
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Width. Defines the line width in pixels.