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
This section allows you to select any of several standard Fibonacci Retracement levels for the type of lines you wish to draw (simple Retracements, Fibonacci Fans or Fibonacci Arcs).
Extension
This section allows you to select any of several standard Fibonacci Extension levels for the type of lines you wish to draw (simple price extensions, simple time extensions, Fibonacci Fans or Fibonacci Arcs).
Custom Retracement Levels
If you want a Retracement Level that doesn't appear in the list above, you can add it here. Retracement numbers should be negative. If you want more than one number, separate them with commas.
Custom Extension Levels
If you want an Extension Level that doesn't appear in the list above, you can add it here. Extension numbers should be positive. If you want more than one number, separate them with commas.