Fibonacci Intervals plots vertical lines on trading / calendar days according to the Fibonacci number series on the chart, allowing you to see this Fibonacci number series displayed visually on the chart. Once a date has been selected, the lines will be plotted automatically from that point. Note - this tool is available in the Gann Tool add-on module only. However, it can be replicated manually the using the Trading Day or Calendar Day Intervals tools and adding interval values.
To add the tool to your chart, select the tool from the Fibonacci tool group, and left-click on the bar on the chart you wish to calculate the tool from. Optuma will then draw the tool using the default settings.
Actions & Properties
Add to Toolbar: Adds the selected tool to your custom toolbar.
Apply Settings to All: When multiple Fibonacci Intervals tools have been applied to a chart, page or workbook, this action can be used to apply the settings of the one selected to other instances of the tool. This is a great time saver if an adjustment is made to the tool - such as line colour - as this allows all the other Fibonacci Intervals tools in the chart, page or entire workbook to be updated instantly.
Copy Tool: Allows you to copy the selected tool, which can then be pasted onto a different chart window.
Move to Back: If the tool is displaying in front of other tools or indicators clicking this action will move the tool view to the background.
Move to Front: If the tool is displaying behind other tools or indicators on the chart, clicking this action will bring the tool to the forefront.
Set Time Alert: Selecting this action will set a Time Alert at the value the Vertical Line is positioned.
Restore Default Settings: Click this action if you have adjusted the default settings of the tool, and wish to return to the standard properties originally installed with Optuma.
Save Settings as Default: If you have adjusted any of the tool’s properties (colour, for example) you can save the adjustments as your new default setting. Each time you apply a new Fibonacci Intervals to a chart, the tool will display using the new settings.
Delete: Deletes the tool from the chart.
Tool Name: Allows you to adjust the name of the tool, as it’s displayed in the Structure Panel.
Show Dates: Check this box to display the date of each line.
Extend Lines: Check this box to extend each line to the full height of the chart.
Line Over All Views: Check this box to ensure the that the Fibonacci Interval lines extend over all tools or indicators that are placed on the chart, for example, the lines will run through the volume indicator if this box is checked.
Forward Intervals: Check this box for the intervals to be calculated ‘forward’ of the nominated start date.
Reverse Intervals: Check this box for the intervals to be calculated and displayed ‘before’ the nominated start date.
Series Style: Sets the Series style used at which to count the Fibonacci interval. The Traditional method counts all the Fibonacci numbers from the originally selected bar, the Continuous option counts each range beginning from the first bar and then from the next Fibonacci number of bars away from the selected bar. For example, the Fibonacci number series is 0, 1, 1, 2, 3, 5, 8â€¦.and so on, bar 0 is selected and then you count 1 bar from there, then you count 1 bar from that bar, then you count 2 bars from that bar, so on and so on.
Font Size: Allows you to adjust the size of the text displayed for each interval. Moving the slider bar to the right increases the font size.
Start Date: Allows you to manually adjust the Fibonacci Interval start date.
Line Style: The Line Style property allows you to adjust the type of the interval lines displayed. There are 8 options available: Solid, Dots, Dash, Dash Dots, Long Dash, Long Dash Dot, Long Dash Dot Dot and Stippled.
Line Width: Allows you to adjust the width of the interval lines. Moving the slider bar to the right increases the thickness of the line.
Line Colour: Allows you to select the colour of the Interval lines. Clicking on the drop down arrow will display a colour swatch. Locate the desired colour and left-click it once to select it.
Tool Transparency: Use this slider bar to adjust the transparency of the tool. Moving the slider to the left will increase the transparency of the tool.
Visible: Un-tick this checkbox to hide the tool from the chart.