See if this custom drawing tool in the community does what you’re looking for:
Hello Brian! yes and no. would be much better if you can add extra lines to fib replacement tool and i will explain why- the improved fib replacement tool is good however when i set it as a default my customized settings doesn’t applies to a new charts. it applies only to the new fib retracement if its within the chart that it has been created.
Or If you will be able to fix it so the default settings will apply for all the new charts then we will consider that there are no problems related to this topic anymore.
really do appreciate your help!
thx
MG
The current tool in Tradovate is NOT a Fibonacci Trend Based Extension (3 points), it’s just a Fibonacci. Why are there not more votes!?
I agree with @Piper792 and have upvoted your comment for the integration of a fib trend based extension tool into Tradovate. Here’s my take:
Why are there not more votes!? This feature is 100% required. Right now, you can somewhat get around this lack of a tool by using the existing fib tool… HOWEVER, the current fib tool in Tradovate limits you to a max negative value. If you’re looking to draw a range with values extending 2000% above and below, only the positive values will reach that high; the negative values are MUCH less. You have to fib 2x in opposite directions in order to accomplish this task. The example give in this post of the TradingView screenshot is a perfect sample to illistrate the request.
Implementing this with simple code and math would fix the issue of max negative values on the existing fib tool. What do you all think?