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.

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