How to automatically draw Fibonacci Retracement for each new stock?

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How to automatically draw Fibonacci Retracement for each new stock?

Updated on 2011-03-01 04:14:01

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In order to draw the Fibonacci Retracement automatically when a new stock is selected in a chart, click on the Auto-Draw button and select "Fibonacci Retracement".

You will notice that the item is drawn at the end of the chart. You can specify the number of days/bars to use in the drawing item calculation by updating the "Number of bars" field.

To stop this drawing process, simply select the Auto-Draw button and click on "Nothing".

Note that auto-draw creates locked items. To unlock the Fibonacci Retracement item, right click on it and uncheck "Lock Position".

Besides Fibonacci Retracement drawing tool, you can also auto-draw the following items:
Trend Line
Regression Channel
Fibonacci Arc
Fibonacci Fan
Fibonacci Extension
Gann Fan
Gann Square

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