Modify Fibonacci Retracement Properties

Brief

The article explains how to modify properties of a Fibonacci retracement.

Details

To modify properties of a Fibonacci retracement

1. Do one of the following:

• Double-click any line of the Fibonacci retracement.
• Right-click any line of the Fibonacci Retracement tool, and then click Change Fibonacci Retracement 'Name', where 'Name' stands for the name of the Fibonacci Retracement tool.
• See Change Properties/Remove Chart Elements.
2. The Fibonacci Retracement Properties dialog box appears.
   
   
3. 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 Retracement 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 tool in background, select the Show in background check box. Otherwise, clear the check box.
4. To change the tool's parameters, click the Parameters tab.
5. 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 extend the level lines beyond the starting points, select the Extend line start check box. Otherwise, clear the check box.
• To extend the level lines beyond the ending points, select the Extend line end check box. Otherwise, clear the check box.
• To show the Fibonacci tool's label, select the Show label check box. Otherwise, clear the check box.
• To show level values in the legends of the level lines, select the Show level check box. Otherwise, clear the check box.
• To change the color of the level value, in the appropriate box, click the Arrow button , and then from the Color palette, select a color of your choice.
• To change the alignment of the legend, in the Alignment box, select an alignment of your choice.
• To show price values in the legends of the level lines, select the Show price check box. Otherwise, clear the check box.
• To change the color of the price value, in the appropriate box, click the Arrow button , and then from the Color palette, select a color of your choice.
6. To change the parameters of Trend Line, click the Trend Line tab.
7. 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 changed properties (except for Name) to all Fibonacci Retracement tools to be added in the future by default, click Set as Default.
• To restore the factory settings, click Reset.
8. Click OK.

You can change the default values of the Fibonacci Retracement tool. See Fibonacci Retracement Options.