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Tools:
Vertical Ruler with fixed price intervals (1232) |

Q: Does
Ensign have a tool like this? Can you get a display of price
levels off a high or low that progress in the Fibonacci sequence. I.E., say
the price high is 1000? This tool when clicked on the high and then
a second click, lower in this case, brings up horizontal lines at 3,5,8,13,21...etc.
points lower ( 997,995,992,987,979...etc). This is similar to what
a retracement tool does, except with prices instead of with %. Is
there a way to make the Fibonacci Levels Tool do this?
A: Yes,
Ensign Windows has a tool like you describe as a selection on the Formations
draw tool. You can enter
the price offset from the first point as the Level values. See
this simple example with
offsets draw on the vertical ruler at 1, 2 and 3 points.
Last modified 1/23/08 12:53 AM