Fibonacci Arcs
  • Dark

Fibonacci Arcs

  • Dark

Article summary

DXcharts powers DXtrade, DXfina, and FinCharts.
Check our website to find more information about DXcharts library.

Fibonacci Arcs are half circles (by default) extended outward, the distance between the circles are based on Fibonacci sequence for both date/time and price values. The arcs show where the price could pull back, or potentially bounce off and represent support and resistance levels.

Fibonacci Arcs are drawn by two extreme points that make up a trendline. To add Fibonacci Arcs to the chart, click its name or the iconfibonacci_rays_iconon the Drawings Panel. Specify an initial point on the chart (high/low) to start drawing a trendline, then specify the second point to place the arcs.

Note: To cancel drawing, press ESC

Fibonacci_raysFibonacci Arcs

Actions with the Fibonacci Arcs

  • To edit the Fibonacci Arcs (the trendline direction, high/low), drag it by one of the points.
  • To move the Fibonacci Arcs, drag it by the trendline to where you want it on the chart.
Note: To open the settings window, double-click the line on the chart

Fibonacci Arcs Toolbartoolbar1(2)

Color. In the Color section, you can change the color of the Fibonacci Arcs entirely. The slider at the bottom is intended to set transparency of the color.
To create a custom color:
  • clickto open the color picker
  • by using the slider at the bottom, adjust the main color
  • on the color picker, set a shade for the main color

The custom-created colors are added to your palette. To remove a custom color, drag it out of the palette.

Weight. In the Weight section, you can set the thickness and style of the Fibonacci Arcs entirely (currently, only dashed style is available).
Settings. A set of parameters that are described in Fibonacci Arcs Settings.
Lock. Locks the drawing position. The figure cannot be moved or edited on the chart.
Delete. Removes the Fibonacci Arcs from the chart.
Note: To delete Fibonacci Arcs, you can also press the Delete or Backspace button on your keyboard

Fibonacci Arcs Settings

  • Coordinates. The coordinates of two points of the trendline that you can specify manually by filling out the values for the prices, dates and time.
  • Labels. In the Labels section, you can choose whether to show Fibonacci coefficients on the arcs or not.
  • Style. In this section, you can set a color or style for the trendline of the Fibonacci Arcs. And separately for every arc, you can set a color, style or offset from the trendline. Turn on/off displaying of an arc by clicking to the left of every setting. At the bottom of the Fibonacci Arcs Settings window, you can set background transparency and turn on/off displaying of the background if needed. 
    Note: To apply the color and style of the trendline to the entire Fibonacci Arcs, click Apply to all
  • Extend. Turns half circles into full circles on the chart.

Click Close to apply the settings.

Note: At the bottom-left corner of the window, click Restore Defaults to reset the settings