Add Fibonacci Arc

Brief

The article explains how to add a Fibonacci Arc.

Details

To add a Fibonacci arc to a chart

1. Do one of the following:

• On the toolbar, click the arrow of the Add Fibonacci icon, and then click Add Fibonacci Arc.
  To specify a drawing mode, point to Add Fibonacci Arc and then click a mode of your choice.
• On the Insert menu, point to Fibonacci, and then click Add Fibonacci Arc.
• Right-click in the chart, point to Chart Elements on the shortcut menu, and then click Add Fibonacci Arc.
  
  * When a chart is opened within the FXCM Trading Station, you can also select the tool in the following way: On the Charts menu, point to Insert, point to Fibonacci, and then click Add Fibonacci Arc.
2. Click anywhere in the chart to indicate the starting point of Trend Line, drag the pointer to a place on the chart to pinpoint the line's ending point. The points automatically adjust themselves in accordance with the selected drawing mode if needed.
   
3. The Add Fibonacci Arc dialog box appears.
   
   
4. By default, the box opens on the Levels tab, where you can do the following:

• Under Show Levels, in the list of available levels, select or clear check boxes at your choice.
  
  Notes:

• To select all available levels, click Select All.
• To clear the selection of levels, click Clear All. Note that to be able to add Fibonacci Arc to the chart, at least one level must be selected.
• To edit a level value, click the appropriate row, double-click the current value, type a new value, and then press ENTER.
• To add a level, click Add. An empty row is added to the list. Type a value of your choice, and then press ENTER.
• To remove a level, click the appropriate row, and then click Delete.
• To sort the levels in ascending order, click Sort.
• In the appropriate Style boxes, select the tool lines' color, style, and width of your choice.
• To show the Fibonacci arc in background, select the Show in background check box. Otherwise, clear the check box.
5. To specify the tool's parameters, click the Parameters tab.
6. The dialog box opens on the Parameters tab.
   
   

• In the Name box, type a new name of your choice.
  Note: To reset the default Fibonacci tool's name, click Reset.
• To show the Fibonacci tool's label, select the Show label check box. Otherwise, clear the check box.
• To show level values in the legend of the level lines, select the Show level check box. Otherwise, clear the check box.
• To specify the color of the legend level, in the appropriate box, click the Arrow button , and then from the Color palette, select a color of your choice.
7. To specify the parameters of Trend Line, click the Trend Line tab.
8. The dialog box opens on the Trend Line tab.
   
   

• To change the starting and/or ending prices and date and time values, in the appropriate Rate and Date boxes, select or type new values of your choice.
• To show the trend line, select the Show trend line check box. Otherwise, clear the check box.
• In the appropriate Style boxes, click a color, style, and width of your choice.
  
  Notes:

• To apply the specified properties (except for Name) to all Fibonacci Arc tools to be added in the future by default, click Set as Default.
• To restore the factory settings, click Reset.
9. Click OK.

To change the default options of the Fibonacci Arc tool, see Fibonacci Arc Options.

Notes:

• You can use the Fibonacci Arc tool until its time period specified by the Tool timeout option expires. To change the time period, see the Chart Element Options] article.
• To disable the Fibonacci Arc tool, do the same as for selecting it or one of the following:

• Right-click in the chart.
• Press ESC.