Fib Wedge

Application

A Fib Wedge is a set of arcs spreading out of the point of a trend's beginning. These arcs are placed on levels formed by a Fibonacci number series.

Generally, the Fib Wedge is a kind of analogue of the Fib Retracement.
The Fib Wedge determines the end of correction and support levels. It is drawn according to the trend movement (two points) and wedge arcs for visual analysis of the chart.
A wedge becomes more convenient if its borders are carried out with a margin, so that the price is approximately in the middle of the wedge, and the upper arc touches the extreme price.

Style

In the Style property dialog it is possible to change the appearance and configuration of a Fib Wedge:

Trend Line

The checkbox toggles visibility of the lines on both sides of the wedge. Drop-down and slider adjust it's color, opacity and thickness.

Additional Levels

Checkboxes on the left toggle the visibility of additional arcs of the wedge. Drop-downs and sliders beside adjust the level line's color, opacity and thickness.
Also, it is possible to enter a custom ratio for the arcs' placement.

Use one color

Use this drop-down to select one color for all the lines and the background.

Background

Toggles the visibility and opacity for the background fill between the wedge's arcs.

Levels

This checkbox toggles the visibility of text displaying arcs' levels values.

Visibility

In the Visibility properties dialog you can toggle displaying of the Fib Wedge on charts of different timeframes.
Allows to configure a drawing to be displayed on particular intraday and daily timeframes on chart. For any timeframe you can select either to show it, or to hide.