Click here to Login

How to automatically draw Fibonacci Retracement for each new stock?

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

Share |

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

no reviews (Log in)

Other how-to articles

How to use the Fibonacci retracement drawing tool

How to download new quotes when selecting a chart

How to automatically arrange charts?

How to download historical EOD data for penny stocks

How to download earnings calendar data for various stocks

How to plot support and resistance lines automatically

How to draw an horizontal segment line using QS language

How to display the number of stocks per day for different RSI groups

How to screen for stocks having a high correlation with the Dow Jones index

Create an account
Affiliate Program
Contact Us
Trading Forum
How-to Lessons
About Us
Terms of Use

Copyright 2024
Social Media
Follow us on Facebook
Twitter Follow us on Twitter
Follow us on Google+
RSS Trading Items

Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.