The Fibonacci Retracement Tool: Tutorial (New Text Feature)

Рет қаралды 5,337

20 күн бұрын

Our Fibonacci Retracement tool now comes with a special text feature. Also, in this comprehensive tutorial, learn how to effectively use the Fibonacci Retracement tool. We'll guide you through the basics, demonstrating step-by-step how to apply the Fibonacci levels and interpret their significance in the market.
The Fibonacci Retracement tool is based on Fibonacci ratios, which are derived from the mathematical sequence where each number is the sum of the two preceding ones (0, 1, 1, 2, 3, 5, 8, 13, etc.). These ratios-namely 23.6%, 38.2%, 50%, 61.8%, and 100%-are crucial in identifying potential levels of support and resistance.
During the tutorial, you'll learn how to add text annotations to clarify your analysis and adjust the tool to your exact needs.
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Пікірлер: 14

@mathewmacpherson857 17 күн бұрын

Been using TV for three years now and I learnt something new about the Fib tool on this video. Thanks very much

@TradingView 16 күн бұрын

We love hearing this and it's exactly why we have our KZfaq channel, to explain features like our Fibonacci tool. More videos coming about other tools

@dybo79 9 күн бұрын

One minor change is needed for this neat feature. The ability to save the text on the fib as a template. We're likely to be using the same text so it makes no sense to have to input it every time.

@joeledge0012 7 күн бұрын

Facts

@eingelvf 11 күн бұрын

fibonacci levels in log scale or regular? my charts always in log scale

@ddddjkliop 16 күн бұрын

Thank you 💙🤍

@TradingView 16 күн бұрын

You’re welcome 😊 and much more on the way

@Rightgroup1 11 күн бұрын

Thanks for the informative video How can I have confidence in it though if you remove the Dynamic Dom Mode? You have made a world class platform When will it be reinstated? What is next to be removed? Please respond

@netjac 17 күн бұрын

Nice but Fibonacci levels are essentially arbitrary horizontal lines on a chart. Their perceived significance comes from the self-fulfilling prophecy of many traders watching and reacting to the same levels

@TradingView 16 күн бұрын

We have several updates coming to our screener tools as well as some helpful videos planned to make the transition much easier for everyone. The capabilities will be excellent. Stay subscribed here and we'll upload them when ready.