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add the fib retracement tool onto the chart
right click over the indicator , the screen comes up with options for the tool
there are four tabs - choose the "fibo levels" tab and delete the levels you do not want to use
this will remain permanent until you reset the parameters and the standard levels will reappear
you can also add: %$ after the fib levels in the description. This will put the price level on the Fib lines. I always add about 6 spaces before it to space the price level out from the percentage.
I am attaching an image.
Also, you have to put a negative symbol in front of some of the FIB X levels to get them on the opposite side of the FIBs.
MD
Last edited by Money Duck; 07-26-2007 at 02:21 PM.
Reason: picture to large
I want to learn more about this indicator. I know that it draw the 23.6,38.2 50, 61.8 and 100% of the Fibonacci lines but i do not know what is the 0.00 line that it draw somewhere between those line. does any one know when the indicator draw it? and what is the significant of this line?
I want to learn more about this indicator. I know that it draw the 23.6,38.2 50, 61.8 and 100% of the Fibonacci lines but i do not know what is the 0.00 line that it draw somewhere between those line. does any one know when the indicator draw it? and what is the significant of this line?
I am sure that i can learn a lot from this place.
Thank you
Hi agarwalsharma,
I moved your post to this thread (with 2 days redirection and PM'ed to you with this link) so hope you will find this thread. This indicator (you posted) was evaluated here on this thread.
So, use this thread to get some preliminary information and that thread how to use the fibo_pivot indicator? to navigate through the trading systems based on Fibo.
The fibo spiral already exists for download, open the navigator and right click on scripts, scroll down to online library,MetaEditor will open and it should be right there in the list, right click to and select download.