Trend-Based Fib Extension

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APPLICATION

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HOW TO USE IN TRADINGVIEW

  1. Navigate to https://www.tradingview.com/
  2. On the landing page, enter a symbol and click "Launch Chart"
  3. Drawing Tools are located on the left-hand side of the chart. Select the Drawing Tool that you would like to add to your chart.
  4. You can access the Formatting Window by right-clicking on the Drawing Tools in the chart itself and selecting "Format".

The Fib Extension is accessed via the third submenu on the left sidebar. As with all Technical tools they can be favorited and added to the floating toolbar menu for easy access.

Style

TrendBasedStyle.PNG

Trend Line

Can change the visibility and color of the trend line as well as its thickness and style.

Additional Levels

Can toggle the visibility of additional levels. Can also change their color and line thickness.

Extend Lines

Extends lines indefinitely.

Reverse

Reverses the direction of the fib retracement.

Labels

Changes the positioning of the labels.

Background

Can toggle the visibility of background colors as well as change their opacity.

Levels

Can toggle the visibility of text displaying level values.

Prices

Can toggle the visibility of text displaying price values.

Coordinates

TrendBasedCoordinates.PNG

Price 1

Allows for the precise placement of the trend-based fib extension's first point (Price 1) using a bar number and price.

Price 2

Allows for the precise placement of the trend-based fib extension's second point (Price 2) using a bar number and price.

Price 3

Allows for the precise placement of the trend-based fib extension's third point (Price 3) using a bar number and price.