Fibonacci fans and arcs financial tool. Tool supports Fibonacci arcs and fans. Fibonacci arcs are charting technique consisting of three curved lines that are drawn for the purpose of anticipating key support and resistance levels, and areas of ranging. Fibonacci arcs are created by first drawing an invisible trendline between two points (usually the high and low in a given period), and then by drawing three curves that intersect this trendline at the key Fibonacci levels of 38.2%, 50% and 61.8%. Fibonacci fans are charting technique consisting of three diagonal lines that use Fibonacci ratios to help identify key levels of support and resistance. Fibonacci fans are created by first drawing a trendline through two points (usually the high and low in a given period), and then by dividing the vertical distance between the two points by the key Fibonacci ratios of 38.2%, 50% and 61.8%. The result of these divisions each represent a point within the vertical distance. The three 'fan' lines are then created by drawing a line from the leftmost point to each of the three representing a Fibonacci ratio.

For a list of all members of this type, see FibonacciTool Members


System.Object
   Steema.TeeChart.Drawing.TeeBase
      Steema.TeeChart.Tools.Tool
         Steema.TeeChart.Tools.ToolSeries
public class FibonacciTool : ToolSeries , ICloneable

Requirements

Namespace: Steema.TeeChart.Tools Namespace

Assembly: TeeChart.Android.dll

See Also

FibonacciTool members | Steema.TeeChart.Tools Namespace