Fib Retracement

Fib Retracement settings

Fibonacci retracements are levels derived from two price points using ratios from the Fibonacci sequence.

The toolkit allows users to display Fibonacci retracements, based on a range between one upper and one lower price extremity.

Settings

Name	Defaut	Options
Show	false
Loopback	5
Line style		DottedDashedSolid
Current level	false
Show 0.886/1.113	false
Use dynamic coloring	true
Show labels	true
Reverse	false
Extend	false

Users can customize the length of the lookback period, choosing between specifying it in terms of days or the number of candles.

This flexibility allows for precise adjustments to fit different trading strategies and timeframes, ensuring that the analysis aligns with individual trading needs and preferences.