Trend-Based Fib Time


Usage

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.

Appearance

In Appearance 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:

Line

The checkbox toggles the visibility and color of the trend line as well as its thickness and style.

Rows

Checkboxes toggle the visibility of additional levels. With the drop-down beside you can also set the color and opacity for each level line.

Background

Toggles the visibility and opacity for the background fill between the lines.

Unicolor

Set a single color to the background

Shape

In Shape 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) and save these custom changes as a template if needed:

Price P1

Allows for the precise placement of the trend-based fib time's first point (Price 1) using a bar number and price.

PriceP 2

Allows for the precise placement of the trend-based fib time's second point (Price 2) using a bar number and price.

Price P3

Allows for the precise placement of the trend-based fib time's third point (Price 3) using a bar number and price.

View

In View properties dialog you can toggle displaying of the Trend-Based Time Zones 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: