Fibonacci Time Zones

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Fibonacci Time Zones are an analytical drawing tool represented by a series of vertical lines, which are used to indicate significant price movement near them.

These vertical lines are spaced according to the Fibonacci number sequence (1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89).


Inserting Fibonacci Time Zones

  1. Select one of three ways to insert the Fibonacci Time Zones:
    • In the menu select Insert, point to Drawing and then to Fibonacci Tools and click Time Zones.
    • Click the Fibonacci Time Zones Drawing FibTimeZones.png icon on the Drawing toolbar.
    • Click the arrow next to the Drawing Tools Show Hide Drawing Tools.png icon on the Main toolbar, point to Fibonacci Tools and select Time Zones.
  2. The cursor will change to the Fibonacci time zones FibTimeZones pointer.gif.
  3. In the Chart Area click where the Fibonacci Time Zones are to begin.
  4. Then keeping the left mouse button pressed move the pointer up, down, left, or right to position the Fibonacci Time Zones.
  5. Release the button.


Moving Fibonacci Time Zones

To move the Fibonacci Time Zones:

  1. Point the cursor at the Fibonacci Time Zones to move the drawing tool.
  2. The cursor Pointer Pointer.png will change into Hand Hand.png.
  3. Then keeping the left mouse button pressed drag the drawing tool to the desired position.
  4. Release the button.


Formatting Fibonacci Time Zones

In MultiCharts one can change the settings of the Fibonacci Time Zones. All the changes are performed in the Format Fibonacci Time Zones window.

Each instance of a Fibonacci time zones has its own Format window. The number (if there are 2 or more Fibonacci time zones instances in the same Chart Window) are shown in the titlebar of each Format Fibonacci Time Zones window.

One can change the settings of the Fibonacci Time Zones: the color, style and weight of the base line and the time lines. One can also choose to show or not the labels, select their font, style, size and the character set. It is possible to apply the strikeout or underline effects to the labels. If shown the labels can be displayed at the top, bottom or in the middle of the time lines. It is possible to specify the time coordinates of the base line.


Setting Style

  1. Access the Format Fibonacci Time Zones window.
    To access the Format Fibonacci Time Zones window:
    1. Drag the cursor to the Fibonacci time zones instance that is to be formatted.
    2. The cursor Pointer Pointer.png will change into Hand Hand.png, then double-click.
    Or
    1. Drag the cursor to the Fibonacci time zones instance that is to be formatted.
    2. The cursor Pointer Pointer.png will change into Hand Hand.png, then right-click.
    3. Select Format 'Fibonacci Time Zones'… from the shortcut menu.
    Or
    1. In the Format Objects window select the Drawings tab.
    2. Select the Fibonacci time zones instance that is to be formatted and press the Format… button.
  2. Select the Data tab.
  3. To display or hide any elements of the Fibonacci Time Zones check or uncheck the corresponding check boxes.
  4. In the Color column, using the drop-down lists, select any of the preset 40 colors for the BaseLine and time lines or click the Others… button to select the custom colors.
  5. In the Style column, using the drop-down lists, select the desired styles for the lines.
  6. In the Weight column, using the drop-down lists, select the desired weights for the lines.
    Note. One can not change the weight of the BaseLine.
  7. Check the Use as Default check box to use these settings as the default settings when creating the Fibonacci Time Zones in future.
  8. Click OK.


Setting Labels

  1. Access the Format Fibonacci Time Zones window.
    To access the Format Fibonacci Time Zones window:
    1. Drag the cursor to the Fibonacci time zones instance that is to be formatted.
    2. The cursor Pointer Pointer.png will change into Hand Hand.png, then double-click.
    Or
    1. Drag the cursor to the Fibonacci time zones instance that is to be formatted.
    2. The cursor Pointer Pointer.png will change into Hand Hand.png, then right-click.
    3. Select Format 'Fibonacci Time Zones'… from the shortcut menu.
    Or
    1. In the Format Objects window select the Drawings tab.
    2. Select the Fibonacci time zones instance that is to be formatted and press the Format… button.
  2. Select the Labels tab.
  3. Check or uncheck the Show Labels check box to display or hide the labels.
  4. Enter the desired font in the Font field or select it from the Font list.
  5. Enter the desired font style in the Font Style field or select it from the Font Style list.
  6. Enter the desired font size in the Size field or select it from the Size list.
  7. In the Effects group check or uncheck the Strikeout or/and Underline check boxes to display the labels struck out or/and underlined.
  8. From the Character Set drop-down list select the desired character set.
  9. From the Align drop-down list select the desired type of the labels' alignment.
  10. Check the Use as Default check box to use these settings as the default settings when creating other Fibonacci Time Zones.
  11. Click OK.


Setting Coordinates Precisely

  1. Access the Format Fibonacci Time Zones window.
    To access the Format Fibonacci Time Zones window:
    1. Drag the cursor to the Fibonacci time zones instance that is to be formatted.
    2. The cursor Pointer Pointer.png will change into Hand Hand.png, then double-click.
    Or
    1. Drag the cursor to the Fibonacci time zones instance that is to be formatted.
    2. The cursor Pointer Pointer.png will change into Hand Hand.png, then right-click.
    3. Select Format 'Fibonacci Time Zones'… from the shortcut menu.
    Or
    1. In the Format Objects window select the Drawings tab.
    2. Select the Fibonacci time zones instance that is to be formatted and press the Format… button.
  2. Select the Properties tab.
  3. In the Coordinates section enter the desired time coordinate in the Base Line Date field or use the drop-down calendar.
  4. Click OK.