Fibonacci tools

Fibonacci tools help a trader to analyze trends in the price chart and predict the next price. When the price goes up, Fibonacci tools act as resistance levels, and vice-versa. In TraderEvolution platform the following tools are represented:

• Fibonacci retracement – retracement and price goals;

• Fibonacci expansion – estimating support and resistance levels;

• Fibonacci arc – places arcs with Fibonacci levels;

• Fibonacci ellipses – identifies underlying structure of price movements;

• Fibonacci spiral – places a spiral with Fibonacci levels as steps;

• Fibonacci fans – places Fibonacci angles;

• Fibonacci phi-Channel – places Fibonacci levels on a trend line;

• Fibonacci time goal analysis – places time goals;

• Fibonacci time zone – measures Fibonacci periods.

Settings

The following sections are available in the Settings menu: Appearance, Points, Visibility, Fibonacci.

Fibonacci tab allows to add, delete Fibonacci levels, edit their values and to set up the font, font color and width of a line of a drawing which will be colored after reaching the value which you set: