Fibonacci Retracement Options

Fibonacci Retracement Options

Brief

The article explains how to customize the options of the Fibonacci Retracement tool.

Details

While working with the Fibonacci Retracement tool, you can customize its options in a variety of ways: show or hide various elements of the tool, customize their colors, widths, and styles, etc.

To customize the options of the tool

Do one of the following:

On the File menu, click Options.

Right-click in the chart and then click Options.

* In the FXCM Trading Station, the command is available on the System menu.

The Options dialog box appears.

In the left-hand panel, double-click Fibonacci Options or click the Plus button next to it, and then click Retracement.

In the right-hand panel, customize options of your choice as follows:

The Fibonacci Retracement options

Option	Description
Show in background	The option allows selecting how to show the Fibonacci tool by default: in the background (behind the chart bars) or in the forefront (in front of the chart bars). To select, click in the option row, click the arrow button, and then click a value of your choice. The values are False and True.
Show label	The option allows selecting whether to show the Fibonacci label on a chart by default or not: click in the option row, click the arrow button, and then click a value of your choice. The values are No and Yes.
Show levels on lines	The option allows selecting whether to show by default the level values on the Fibonacci lines or not: click in the option row, click the arrow button, and then click a value of your choice. The values are No and Yes.
Level label color	The option allows selecting the default color of the labels on the Fibonacci retracement lines: click in the option row, click the ellipsis button, and then, in the Color palette that appears, select a color of your choice.
Show prices on lines	The option allows selecting whether to show the level prices on the Fibonacci lines by default or not: click in the option row, click the arrow button, and then click a value of your choice. The values are No and Yes.
Price label color	The option allows selecting the default color of the labels on the Fibonacci retracement lines: click in the option row, click the ellipsis button, and then, in the Color palette that appears, select a color of your choice.
Extend Fibonacci lines start	The option allows selecting whether to extend the Fibonacci lines at their staring points or not: click in the option row, click the arrow button, and then click a value of your choice. The values are False and True.
Extend Fibonacci lines end	The option allows selecting whether to extend the Fibonacci lines at their ending points or not: click in the option row, click the arrow button, and then click a value of your choice. The values are False and True.

The Fibonacci Retracement Trend line options

Option	Description
Trend/unit/wave line color	The option allows selecting the default color of the trend/unit/wave line: click in the option row, click the ellipsis button, and then, in the Color palette that appears, select a color of your choice.
Trend/unit/wave line width	The option allows selecting the default width of the trend/unit/wave line: click in the option row, highlight or delete the existing value, and then type or select a width value of your choice. The values are whole numbers from 1 through 5.
Trend/unit/wave line style	The option allows selecting the default style of the trend/unit/wave line: click in the option row, click the arrow button, and then, in the list that appears, click a style of your choice. The values are Solid line, Dashed line, Dotted line, Dashes and dots, and Dashes and double dots.
Show trend/unit/wave line	The option allows selecting whether to show by default the Trend/unit/wave line on the chart or not: click in the option row, click the arrow button, and then click a value of your choice. The values are False and True.

To enable the modified values, click OK at the bottom of the dialog box.

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