Fibonacci Levels
Previous  Top  Next

Depending on which button you clicked to make this dialog appear, it allows you to select the levels you wish to see for the various Fibonacci features.

Here are some examples, both of which show both Retracements and Extensions. More examples are available elsewhere.

ExtendC ExtendA

Note the use of positive and negative numbers to distinguish between Retracements and Extensions.
·Because Retracement Levels represent a correction (or retreat) they are drawn with negative values, starting from the end of your move (B) and going back towards (and perhaps past) the beginning (A).  
·Because Extension Levels represent a continuation (or advance) they are drawn with positive values, starting either from the end of your move (B), or from the point designating the beginning of the Extension (C), and going away from the beginning (A).  

This dialog lets you specify as many levels as you might want. In any specific case, however, many of those levels will be irrelevant to you. If you have checked Remove Fibonacci Levels by Ctrl-Checking on Them on the Fibonacci tab of the Options dialog, you can easily remove unwanted levels for a Retracement or Extension you have drawn by holding down the Ctrl key and clicking on the lines you do not want.


Each heading below corresponds to one of the option groups in the larger dialog window. For more details click on the relevant heading.

Retracement

Extension

Custom Retracement Levels

Custom Extension Levels


FibonacciLevels