Trend-Based Fib Time
Application
Fibonacci Trend-Based Time Lines is an analytical drawing tool used to predict the future price movements on the basis of applying Fibonacci sequence on the time axis. It is represented by a series of vertical lines at date/time levels that shows probable price corrections in an existing trend. First, a trend line is drawn. Depending on its length and direction, vertical lines appear based on the Fibonacci sequence.
Style
In the Style property dialog, it is possible to change the appearance and configuration of Trend-Based Fib Time and save these custom changes as a template if needed:
Trend Line
The checkbox toggles the visibility and color of the trend line as well as its thickness and style.
Additional Levels
Checkboxes toggle the visibility of additional levels. With the drop-down beside you can also set the color and opacity for each level line.
Use one color
Use this drop-down to select one color for all the lines and the background.
Background
Toggles the visibility and opacity for the background fill between the lines.
Labels
Sets the visibility and position of values along the Fibo levels.
Coordinates
In the Coordinates properties dialog, you can set precisely the position of the trend line's initial points on the price scale (by setting the price) and the time scale (by setting the bar number):
Price 1
Allows for the precise placement of the trend-based fib time's first point (Price 1) using a bar number and price.
Price 2
Allows for the precise placement of the trend-based fib time's second point (Price 2) using a bar number and price.
Price 3
Allows for the precise placement of the trend-based fib time's third point (Price 3) using a bar number and price.
Visibility
In the Visibility properties dialog, you can toggle displaying of the Trend-Based Fib Time on charts of different timeframes. Allows to configure a drawing to be displayed on particular intraday and daily timeframes on chart. For any timeframe you can select either to show it, or to hide and save these custom changes as a template if needed:
