Fibonacci Time Zones

The graphic tool «Fibonacci Time Zones» is a set of vertical lines, plotted at the intervals corresponding to the Fibonacci numbers. The usage of Fibonacci Time Zones tool is based on popular belief that the most significant market events occur at the time intervals corresponding to Fibonacci numbers.


Interpretation of Fibonacci Time Zones involves looking for significant changes in price at or near the vertical lines. Time Zones are most applicable to a long-term analysis of price movement and are probably of limited value when studying short-term charts.



Plotting Fibonacci Time Zones in the chart


Select the Fibonacci Time Zones option in the Objects menu of the chart toolbar:


When you select this option, the cursor will become finger-shaped: fingershape


In order to plot the Fibonacci Time Zones, left-click on a chart and drag the cursor to set the basic period. The Fibonacci Time Zones lines will be automatically plotted in the chart with the Fibonacci numbers indicated at each line.


When you left click on one of the first two lines Fibonacci Time Zones object, it will become highlighted, i.e. four dots will appear at the edges of the lines. If you hover the cursor over these lines, it will turn into a crosshair allowing you to drag the Fibonacci Time Zones object left and right on the chart:


Right-clicking on one of the first two lines of the Fibonacci Time Zones opens the standard context menu for manually plotted objects:


To delete the Fibonacci Time Zones object left-click on it once and choose the Remove Selected Objects option on the chart toolbar.


Fibonacci Time Zones Settings


You can customize the view of the Fibonacci Time Zones object by using the advanced Settings dialog box, allowing to show/hide and change the view of each line.


The Fibonacci Settings dialog box appears as displayed below:



Properties description




The unique number of the chart object (non-editable)




The size of Fibonacci Time Zones that shows the distance between the first two lines in pixels.


Show labels

When this option is enabled, labels appear at the end of each line (Fibonacci numbers at the top of the lines). By default it is enabled.



The Levels section contains the individual settings for each line:

▪        The checkboxes in the very left column are used to show/hide the individual levels. When the checkbox is enabled, the corresponding line will be displayed in the chart. By default, only nine lines are enabled (as displayed above)

▪        The edit-boxes next to the checkboxes are used to change the levels for each line. The default values of the levels are:


▪        Color - Left click on the color sample to select the line color

▪        Width - The width of the line. Use the drop-down box to select one of the three available options: 1 pixel, 2 pixels or 3 pixels.

▪        Style - The style of the line. The drop-down box includes three options: solid, dashed and dotted. Note: If the selected width is 2 pixels or 3 pixels, the Style drop-down box will be unavailable with the solid line preselected.


Note: The Level edit box, Color button, Width and Style drop-down boxes are available only for enabled lines.


The ‘Save level settings as default’ button saves the settings of all the levels, so that they will be applied to all the Fibonacci Time Zones objects created thereafter.


After you’ve made all the necessary changes to the Fibonacci object, click Apply to view the changes in the chart; click OK to confirm the changes and close the dialog; click Cancel to discard the changes and close the dialog.


The Fibonacci Settings dialog box can be accessed in three ways:

-Click the Object Settings button on the chart toolbar, when a Fibonacci Time Zones object is selected:
-Right-click on a Fibonacci object, and then click Settings.
-Double-click on the Fibonacci Time Zones object plotted in the chart.