Fibonacci Arcs

 

Fibonacci Arcs are displayed by first drawing a trendline between two extreme points, for example, a through and opposing peak. Three arcs are then drawn, centered on the second extreme point, so they intersect the trendline at the Fibonacci levels of 38.2%, 50.0%, and 61.8%.

A sample Fibonacci Arcs is depicted in the following figure:

FArcs.gif (7532 bytes)

Because this is an interactive drawing feature, the user normally create these arcs by selecting the first extreme point and then dragging the mouse to the other extreme point. When the mouse is released, Chart FX FE will make all the necessary calculations and draw the Fibonacci arcs. Please note. it is not necessary that the user clicks on a specific data point as the Fibonacci arcs will be calculated according to the axis scale and the position the mouse was released.