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GOLDEN RATIO (Fan Line Analysis)

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Fibonacci Fan Lines are displayed by drawing a trend line between two extreme points. The drawing methods are very similar to Speed Resistance Lines (SRL). The only difference is that three trend lines (rather than two trend lines in SRL) are drawn from the first extreme point passing through the invisible vertical line at the Fibonacci levels of 38.2%, 50.0%, and 61.8%.

You can plot your charts by simply clicking for an appropriate button (i.e. "Golden Ratio (Fan Line)") shown on the bottom of the left hand side on our Java Charting System. The drawing methods are just similar to the Speed Resistance Lines.

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(For more details, please also see the Speed Resistance Lines)