Fib circles
Fibonacci2 points to clickCircles drawn at each ratio around a centre point.
What it looks like
The numbered dots are where you click. Once drawn, you can grab those dots and move them.
How to draw it
Click the centre, then a point that sets the radius. Circles appear at each ratio of that distance.
When to use it
It measures price and time on one scale, so zooming changes the shape of the circles.
In SQMATE
What you draw stays
Lines you draw are saved to that symbol's notebook. Open the symbol again and they are still there.
Editable afterwards
Grab the points to move them, and change colour, width and line style. Undo works too.
Shares as drawn
Send the chart as a single link. Whoever opens it sees the same lines.
Related tools
- Fib retracementDivides one move into ratios to see how far price has retraced it.
- Fib extensionProjects the size of one move onto another place to measure levels ahead.
- Fib channelA sloping corridor divided by Fibonacci ratios.
- Fib time zonesDivides time rather than price by Fibonacci numbers, as vertical lines.
- Fib fanLines fanning from one point at a different slope for each ratio.
- Trend-based Fib timeProjects the length in bars of a past move forward in time.
Drawing tools are a way to organise your thinking. A line you draw does not decide what price will do.