# Custom retracement tool

**URL:** <https://community.tradovate.com/t/custom-retracement-tool/142>\
**Category:** Trader Desktop\
**Created:** [May 19, 2020, 3:42pm UTC](https://community.tradovate.com/t/custom-retracement-tool/142 "2020-05-19T15:42:08Z")\
**Posts on this page:** 3\
**Page:** 1

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**Author:** ![CL-crude](https://avatars.discourse-cdn.com/v4/letter/c/87869e/32.png) [@CL-crude](https://community.tradovate.com/u/CL-crude)\
**Post date:** [May 19, 2020, 3:42pm UTC](https://community.tradovate.com/t/custom-retracement-tool/142/1 "2020-05-19T15:42:08Z")

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Similar to fibs, but the inputs can be changed to a customized percentage. Sierra chart has a good one.

The input box.

 ![3e5b351a-2c87-4957-9c38-5b6bfea0cc8e](https://us1.discourse-cdn.com/flex015/uploads/tradingforum/original/1X/3ef3e4efccf09753faa5a9a11a0b77a85631c077.png)  
 ![788a7fdc-9864-48b7-a5eb-4c9ce0ca338a](https://us1.discourse-cdn.com/flex015/uploads/tradingforum/original/1X/6e98162dde8e298e4203af31be234f79fbc15d69.png)

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**Author:** ![BWeis](https://sea1.discourse-cdn.com/flex015/user_avatar/community.tradovate.com/bweis/32/27_2.png) [@BWeis](https://community.tradovate.com/u/BWeis)\
**Post date:** [May 19, 2020, 3:52pm UTC](https://community.tradovate.com/t/custom-retracement-tool/142/2 "2020-05-19T15:52:38Z")

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Hi Tony,

Thanks for posting this to the forum!

With Tradovate’s Fib tool, you can double-click on the drawing after you place it on the chart and enable some additional levels and customize the %'s.

 ![image](https://us1.discourse-cdn.com/flex015/uploads/tradingforum/original/1X/3f82fed925c73995d01c33b839e18a2b141ab5ab.png)  
The one restriction we do have is that we have a limit of 7 levels (plus the 0). Were there some specific changes you wanted to see us add in addition to maybe a few more levels?

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**Author:** ![marc\_gold](https://avatars.discourse-cdn.com/v4/letter/m/f0a364/32.png) [@marc\_gold](https://community.tradovate.com/u/marc_gold)\
**Post date:** [March 2, 2022, 5:53pm UTC](https://community.tradovate.com/t/custom-retracement-tool/142/4 "2022-03-02T17:53:44Z")

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Dear Brian,  
we do need some specific changes to be added cause 7 levels are extremely low and here is why -  
fib retracement lines 14.6, 23.6, 38.2, 50, 61.8, 78.6, 88.6  
fib extension lines 127, 150, 161, 200, 227, 261, 300, 327. 361, 400 etc  
thx,  
MG