Fibonacci Arcs

The Fibonacci studies in trendline mode are based on the Fibonacci summation series. The series is the sum of the previous two numbers 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144 to infinity.

Fibonacci Arcs - Once you have established your start and end points, the Fibonacci arcs are then drawn. The arcs are centered around the first point chosen and spaced at intervals of 23.6%, 38.2%, 50%, 61.8%, 100%, 161.8%, and 261.8% of the distance between the two points chosen.