Fibonacci Time Zones

 
Fibonacci Time Zones are a series of vertical lines. They are spaced at the Fibonacci intervals of 1, 2, 3, 5, 8, 13, 21, 34, etc. The interpretation of Fibonacci Time Zones involves looking for significant changes in price near the vertical lines.

A sample Fibonacci Time Zones is depicted in the following figure:

FTimeZones.gif (8812 bytes)

Because this is an interactive drawing feature, the user normally create these zones 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 zones. Please note. it is not necessary that the user clicks on a specific data point as the Fibonacci zones will be calculated according to the axis scale and the position the mouse was released.