Fibonacci Speed/Resistance Arcs: Difference between revisions
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The Fibonacci Speed/Resistance Arcs can indicate the support and resistance levels. Usually the price remains above the higher arc. If the higher arc is penetrated, prices generally fall to the lower arc, which, in many cases, becomes the support level. If prices break below the higher arc, fall to the lower arc, and then begin to rise, the lower arc becomes the resistance level. | The Fibonacci Speed/Resistance Arcs can indicate the support and resistance levels. Usually the price remains above the higher arc. If the higher arc is penetrated, prices generally fall to the lower arc, which, in many cases, becomes the support level. If prices break below the higher arc, fall to the lower arc, and then begin to rise, the lower arc becomes the resistance level. | ||
== Inserting Fibonacci Speed/Resistance Arcs == | == Inserting Fibonacci Speed/Resistance Arcs == | ||
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# Then keeping the left mouse button pressed move the pointer up, down, left, or right to position the Fibonacci Speed/Resistance Arcs. | # Then keeping the left mouse button pressed move the pointer up, down, left, or right to position the Fibonacci Speed/Resistance Arcs. | ||
# Release the button. | # Release the button. | ||
== Moving Fibonacci Speed/Resistance Arcs == | == Moving Fibonacci Speed/Resistance Arcs == | ||
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# Release the button. | # Release the button. | ||
== Reshaping Fibonacci Speed/Resistance Arcs == | == Reshaping Fibonacci Speed/Resistance Arcs == | ||
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# Release the button. | # Release the button. | ||
== Formatting Fibonacci Speed/Resistance Arcs == | == Formatting Fibonacci Speed/Resistance Arcs == | ||
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One can change the settings of the Speed/Resistance Arcs: the color, style and weight of the trend line and the arcs (up to 12 arcs are available). It is possible to specify the desired distance percentages on which the arcs are based or the Fibonacci percentages can be used. The Speed/Resistance Arcs can be extended to the shape of an ellipse or circle. One can also choose to show or not the labels (price or/and value), select their font, style, size and the character set. It is possible to apply the strikeout or underline effects to the labels. | One can change the settings of the Speed/Resistance Arcs: the color, style and weight of the trend line and the arcs (up to 12 arcs are available). It is possible to specify the desired distance percentages on which the arcs are based or the Fibonacci percentages can be used. The Speed/Resistance Arcs can be extended to the shape of an ellipse or circle. One can also choose to show or not the labels (price or/and value), select their font, style, size and the character set. It is possible to apply the strikeout or underline effects to the labels. | ||
=== Setting Style === | === Setting Style === | ||
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# Click '''OK'''. | # Click '''OK'''. | ||
=== Setting Labels === | === Setting Labels === | ||
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# Click '''OK'''. | # Click '''OK'''. | ||
=== Setting Coordinates Precisely === | === Setting Coordinates Precisely === | ||
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# Click '''OK'''. | # Click '''OK'''. | ||
== Cloning Fibonacci Speed/Resistance Arcs == | == Cloning Fibonacci Speed/Resistance Arcs == | ||
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# The cursor '''Pointer''' <img src="https://www.multicharts.com/trading-software/images/a/ab/Pointer.png" width="24"> will change into '''Hand''' <img src="https://www.multicharts.com/trading-software/images/a/a7/Hand.png" width="24">, then right-click. | # The cursor '''Pointer''' <img src="https://www.multicharts.com/trading-software/images/a/ab/Pointer.png" width="24"> will change into '''Hand''' <img src="https://www.multicharts.com/trading-software/images/a/a7/Hand.png" width="24">, then right-click. | ||
# Select '''Clone Drawing''' from the shortcut menu. | # Select '''Clone Drawing''' from the shortcut menu. | ||
[[Category:Drawing_Tools]] | [[Category:Drawing_Tools]] | ||
