Apply Fibonacci Trend Lines

Instructions

The Fibonacci trendlines may be used to help determine price support/resistance at or near certain levels. The Fibonacci lines occur at 0.0%, 23.6%, 38.2%, 50.0%, 61.8%, 76.4% and 100.0%. Retracements occurring at these points within a trend could be used to help determine entry and exit points for a contract.

To Add Fibonacci Lines to a Chart

  1. From within a chart, right click on an empty space and select Add Fibonacci Line.

    • Alternatively, you may select the Edit button followed by Fibonacci Retracement/Extension.

      The Fibonacci Lines menu in TWS.

  2. Click your mouse at a peak or low point in the chart and pull to down/up and to the right across the chart.

  3. A series of seven colored trendlines are drawn at 0.0%, 23.6%, 38.2%, 50.0%, 61.8%, 76.4% and 100.0%.

    The series of colored trendlines in TWS.

To Delete a Fibonacci Series of Trendlines

  1. Click the Remove All Trendlines icon, located three icons to the right from the Add Fibonacci Line icon.

 

Additional Resources

Learn About Trendlines in Trader Workstation at IBKR Campus

Visit the Trader Workstation Website