Many charting tools require a proper scaling of price / time. This is the method I’m using to scale my charts if needed. 1) Draw a rectangle somewhere on your chart 2) Set it’s coordinates to 1:1 So if the price coordinates are 300/350 , set the bar (time) coordinates to have the same difference of 50 in this case 3) Draw a "Fib Speed Resistance Arc".
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fibonacci beyondta tradingtool trend based fib extension tool You can use it for different things. my main use for it is to project targets based on impuls legs. not.
You can find the tool in your drawing toolbar by clicking the third icon and selecting "Trend-Based Fib Extension". When you click on a drawn fib extension a little options tootlbar will appear where you can customize your fib levels.
08/04/2018 · The Ins and Outs of Fibonacci patterns, fans and retracement levels – Part 1 0f 2 – Duration: 52:06. Barry Norman’s Investors Education Webinars 154,630 views 52:06
Most trading platforms including MetaTrader 4 have the Fibonacci Extension tool built into their indicator library. In the default version of the MT4 platform, the Fibonacci Extension tool is actually the same indicator that you use for Fibonacci Retracements as well.
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