Add Fibonacci Arc

To add a Fibonacci arc:

1. Select the Fibonacci arc tool in one of the following ways:

• On the toolbar, click the Add Fibonacci arrow , and then click Add Fibonacci Arc.
  To choose the drawing mode, point to Add Fibonacci Arc and then click the necessary mode.
• 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.
  
  * In the E*TRADE FX platform, 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 the point from which the trend line will start.
3. Drag the pointer to the point in which the trend line will end.
   The points will be automatically adjusted according to the selected drawing mode if necessary.
   The Add Fibonacci Arc dialog box will appear.
   
   
4. Change the Fibonacci arc levels on the Levels tab if necessary:

• To change the set of Fibonacci arc levels whose lines will be displayed, select and/or clear the appropriate check boxes.
  
  Notes:

• To select the full set of levels, click Select All.
• To clear the selection of levels, click Clear All. Note that to show a Fibonacci arc on the chart, at least one level must be selected.
• To change the style of level lines, in the appropriate boxes, click the 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.
• To edit a level, click the appropriate row, double-click the current value, type your value in the format 0.000, and then press ENTER.
• To add a level, click Add. An empty row will be added to the table. Type your value in the format 0.000, and then press ENTER.
• To remove a level, click the appropriate row in the table, and then click Delete.
• To sort the levels in ascending order, click Sort.
5. Change the Fibonacci arc parameters on the Parameters tab if necessary:
   
   

• To change the name of the Fibonacci arc, in the Name box type a new name.
  Note: To reset the Fibonacci arc name to default, click Reset.
• To show the Fibonacci arc label, select the Show label check box. Otherwise, clear the check box.
• To show levels in the legend of the level lines, select the Show level check box. Otherwise, clear the check box.
• To change the color of the legend level, click the color of your choice in the appropriate box.
6. Change the trend line properties on the Trend Line tab if necessary:
   
   

• To change the price level and date and time at which the trend line starts or ends, in the appropriate Rate and Date boxes, select or type the price level and date and time.
• To show the trend line, select the Show trend line check box. Otherwise, clear the check box.
• To change the trend line style, in the appropriate boxes, click the color, style and width of your choice.
  
  Notes:

• To apply the changed properties (except the name) to all further Fibonacci arcs by default, click Set as Default.
• To reset factory settings for the Fibonacci arc, click Reset.
7. Click OK.

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

Notes:

• You can use the Fibonacci arc tool until tools timeout expires. To change tools timeout, see General Options.
• To deselect the Fibonacci arc tool, do the same actions as for selecting the tool or one of the following:

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