FIBONACCI TIME STUDY
The StockShareV2 Fibonacci Time Study plots common Fibonacci ratios in the time/date axis. Fibonacci Time Studies are a series of vertical lines that are spaced at user defined Fibonacci intervals. The user can define up to ten (10) Fibonacci ‘Retracement and Expansion Ratio Values’. The first line is placed at an extreme point on the chart and lines that follow are spaced at increasingly wider intervals in accord with the user defined Fibonacci Ratios. Interpretation of Fibonacci Time Study involves looking for significant changes in price at or near the vertical lines.

Fibonacci Time Studies are most applicable to long term analysis of price action and probably of limited value when studying short term charts. Users inexperienced with Fibonacci Time Studies should consider this type of analysis only when viewing charts that span multiple years.