Fibonacci Arc Tool

To measure the different retracement levels within a market, select the Fibonacci Arc tool from your Advanced Charting toolbar. Move the mouse pointer to the point on the chart that will be the corner of your arc. Hold the mouse button and drag to your end point. Release the mouse button to place.

Resizing the Fibonacci Arc

Select the drawing by clicking on it. You will know the drawing is selected when boxes appear at the corners. Click on a box and drag it to your desired location. Release the mouse button to place.

Moving the Fibonacci Arc

Select the drawing by clicking on it. Drag to the new location and release the mouse button to place.

Deleting the Fibonacci Arc

Select the drawing by clicking on it. Press the Del (Delete) key on your keyboard. You can also right-click the drawing and select "Delete" from the dropdown menu.

Preferences

Select the drawing by clicking on it. The properties will appear in the preferences section of your control panel. Or, right-click on the drawing and select properties from the dropdown menu.

Restore Settings: TNT Default will change your settings back to the original software settings. My Default will change current settings to your personalized default settings. Apply To All Charts will apply your selected settings on all open charts. Save As My Default will save your current personal settings.

Fibonacci Arc Tool: You can choose the color, line style, and line thickness of your lines.

Font: Select the font, size, and color of the text. Select Show Text to hide or show your text on the chart.

Select Show 23.6% and 76.4% to view these two additional arc lines. Select Snap to have your lines snap to price bars when moved.

Example of a Fibonacci Arc