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:
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.
