Add Fibonacci Fan

Select the Fibonacci fan tool in one of the following ways:

On the toolbar, click the Add Fibonacci arrow , and then click Add Fibonacci Fan.
To choose the drawing mode, point to Add Fibonacci Fan and then click the necessary mode.

On the Insert menu, point to Fibonacci, and then click Add Fibonacci Fan.

Right-click in the chart, point to Chart Elements on the shortcut menu, and then click Add Fibonacci Fan.

* 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 Fan.

Click the point from which the trend line will start.

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 Fan dialog box will appear.

Change the Fibonacci fan levels on the Levels tab if necessary:

To change the set of Fibonacci fan 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 fan 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 fan 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.

Change the Fibonacci fan parameters on the Parameters tab if necessary:

To change the name of the Fibonacci fan, in the Name box type a new name.

Note: To reset the Fibonacci fan name to default, click Reset.

To extend the level lines to the left, select the Extend line start check box. Otherwise, clear the check box.

To extend the level lines to the right, select the Extend line end check box. Otherwise, clear the check box.

To show the Fibonacci fan 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.

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 fans by default, click Set as Default.

To reset factory settings for the Fibonacci fan, click Reset.

Click OK.

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