Fibonacci Range
Overview
Fibonacci Ranges are used to specify vertical lines at date/time levels. An initial range is selected and that range is then multiplied by the Fibonacci number sequence to generate where the date/time vertical lines will be plotted.
To add the tool to your chart, select the tool from the Fibonacci tool group, and left-click on the first bar you want the range to start. Next, left-click on the bar where you want the range to end. Optuma will then draw the tool using the default settings.
Actions & Properties
Actions
Add to Toolbar: Adds the selected tool to your custom toolbar.
Apply Settings to All: When multiple Fibonacci Range 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 Range 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.
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 Range to a chart, the tool will display using the new settings.
Delete: Deletes the tool from the chart.
Properties
Tool Name: Allows you to adjust the name of the tool, as it’s displayed in the Structure Panel.
Series Style: Sets the Series style used at which to count the Fibonacci range. 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, 8….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.
Show Dates: Displays / Hides the date label for each range that appears on the chart.
Extend Lines: Check this box to extend each line to the full height of the chart.
Font Size: Allows you to adjust the size of the text displayed for each range. Moving the slider bar to the right increases the font size.
Line Over All Views: Check this box to ensure the that the Fibonacci Range 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.
Interval: This allows you to set an Interval for the Fibonacci range.
Start Date: Manually select a start date using a calendar to begin the tool on.
Line Style: The Line Style property allows you to adjust the type of the range lines displayed. There are 8 options available: Solid, Dots, Dash, Dash Dots, Long Dash, Long Dash Dot, Long Dash Dot Dot, Stippled.
Line Width: Allows you to adjust the width of the range lines. Moving the slider bar to the right increases the thickness of the line.
Line Colour: Allows you to select the colour of the range 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.