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The Fibonacci Day/Bars extensions tool provides the ability to select a point in time on the Chart and then project forward the location of the number of days/Bars according to the fibonacci sequence of numbers. There are a number of preset values, however the User can change these to anything they like. The tool however is isolated from the standard Bar extension tool so that its easier to apply the Fibonacci sequence with 1 key stroke.
Referring to the chart below, we simply select a point in time ( usually a high or a low ) and the Tool will automatically calculate the future dates based upon the underlying number of days/bars defined. |
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Version 5 introduces the concept of Highlights. This allows the user to define translucent colored regions between user defined regions as can be seen in the image above. The highlights are independent of the Extension levels, allowing the display to show both Extension levels and Highlights simultaneously, or just the highlighted regions. |
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- Select the button for drawing Fibonacci Day/Bar Extensions from the Toolbar.
- Move the mouse pointer over the starting position for the Line. This may be either a high or a low price.
- Press the left mouse button, and keeping it pressed down, drag the mouse pointer to the desired end point and release the left mouse button.
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 The property editor as well as other functions may be accessed by holding the mouse pointer over the Vertical Lines and Clicking the Right Mouse button. A popup menu will appear (see picture).
The user may then open the Indicator Property Editor, move the tool above or below other indicators, Hide the Tool or delete the Cycle from the Chart. |
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The property editor as well as other functions may be accessed by holding the mouse pointer over the indicator line and Clicking the Right Mouse button. You can also access the Property Editor directly by 'Double Clicking' on the line. All the drawing tools share the same property editor allowing the user to alter the following properties:
- Start/End Line Color
- Line Width
- Label Font
- Display Vertical Lines Full Screen
- Output labels Vertically
- Translucent Visibility
- Translucent Strength
After alteration, the user has the ability to set these settings as default for all future lines drawn on the page.
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Page 2
- Add, Edit and Delete entries
- Toggle Visibility of Extensions
After alteration, the user has the ability to set these settings as default for all future lines drawn on the page. |
Page 3
- Add, Edit and Delete entries
- Toggle Visibility of Highlights
After alteration, the user has the ability to set these settings as default for all future lines drawn on the page. |
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