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Knowledge Base

Fibonacci Spiral

Overview


Sometimes referred to as the "Golden Spiral", the Fibonacci Spiral uses a natural expansion in time and price, based on this pattern:

image

To add the tool to your chart, select the tool from the Fibonacci tool group, and left-click on the chart on which you wish to add the tool. Left-click on a second area on the chart to finish applying the tool to your chart. Optuma will then draw the spiral on the chart using the default settings.

Actions & Properties


Actions


Add to Toolbar: Adds the selected tool to your custom toolbar.

Apply Settings to All: When multiple Fibonacci Spiral tools have been applied to a chart, page or workbook, this action can be used to apply the settings of the one selected to other instances of the tool. This is a great time saver if an adjustment is made to the tool - such as line colour - as this allows all the other Fibonacci Spiral tools in the chart, page or entire workbook to be updated instantly.

Copy Tool: Allows you to copy the selected tool, which can then be pasted onto a different chart window.

Move to Back: If the tool is displaying in front of other tools or indicators clicking this action will move the tool view to the background.

Move to Front: If the tool is displaying behind other tools or indicators on the chart, clicking this action will bring the tool to the forefront.

Price Flip: Allows you to create a duplicate of the tool along the price axis.

Restore Default Settings: Click this action if you have adjusted the default settings of the tool, and wish to return to the standard properties originally installed with Optuma.

Save Settings as Default: If you have adjusted any of the tool’s properties (colour, for example) you can save the adjustments as your new default setting. Each time you apply a new Fibonacci Spiral to a chart, the tool will display using the new settings.

Time Flip: Allows you to create a duplicate of the tool along the time axis.

Delete: Deletes the tool from the chart.

Properties


Tool Name: Allows you to adjust the name of the tool, as it's displayed in the Structure Panel.

Spiral Type:
Can change from a Spiral that is based on Time & Price to a Geometric Spiral.

Spirals: This setting can be used to increase the number of Spirals that are displayed.

Start Square: Alters the starting position of the Spiral, can be set to a value between 1 and 5, the default value is 1.

Direction: Sets the direction of the Spiral from either Clockwise to Anti-Clockwise.

Line Style: The Line Style property allows you to adjust the type of line displayed. There are 8 options available: Solid, Dots, Dash, Dash Dots, Long Dash, Long Dash Dot, Long Dash Dot Dot and Stippled.

Line Width: Allows you to adjust the width of the Trend Line. Moving the slider bar to the right increases the thickness of each line.

Line Colour: Select this to change the colour of the Spiral.

Tool Transparency: Use this slider bar to adjust the transparency of the Spiral. Moving the slider to the left will increase the transparency of the tool.

Visible: Un-tick this checkbox to hide the tool from the chart.

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