TOS – Fibonacci retracement / extension settings
Personalize a Fib drawing tool in Thinkorswim
Retracements and Extensions
Retracements
Extensions
Save a default setting
Retracements
![](https://downloads.intercomcdn.com/i/o/211295939/d375f217137650d2580cbe45/image.png)
1) Place a Fibonacci retracement on the chart for possible levels of resistance or support based on a prior price move.
![](https://downloads.intercomcdn.com/i/o/211279515/0ac689c77c255234afed8b90/image.png)
2) Click and drag between two points on the chart, typically the start (high/low) and the end (low/high) of the prior or current move.
![](https://downloads.intercomcdn.com/i/o/211290178/ba0a26e019837481457e9e01/image.png)
Settings
3) Right click on any part of the Drawing to reveal a drop-down menu to Edit properties…
![](https://downloads.intercomcdn.com/i/o/211277525/25dca7cdfbcac1208afb3fe2/image.png)
4) In the Properties window, customize the Fib drawing by:
- checking which lines you want to appear on the chart
- clicking on any number in the “coefficient” column to change the Fib levels
- change the color of the Fib level
- choose a different style of line
- increase a line’s width
- change how the lines extend on the chart and other settings
![](https://downloads.intercomcdn.com/i/o/211421222/6e812a993a2cdc18342eff38/image.png)
Changing settings in a Fib tool can help clean up the chart and clarify what levels are significant.
![](https://downloads.intercomcdn.com/i/o/211278820/39759211b2dd5516e482a7a1/image.png)
Extensions
![](https://downloads.intercomcdn.com/i/o/211295974/d9d03c8db419410c885f27c7/image.png)
1) Place a Fibonacci extensions (aka projection) on the chart to draw a prediction of a move into the future.
![](https://downloads.intercomcdn.com/i/o/211279381/1e0092428583189b77378197/image.png)
2) Click and drag between two points on the chart, typically the start (high/low) and the end (low/high) of a move. Drag to a third point C. This third point is where the A-B move will be projected from.
![](https://downloads.intercomcdn.com/i/o/211280010/9df4e6a45113ef7568a8f637/image.png)
Settings
3) Right click on any part of the Fibonacci Extension tool and change the settings (see #4 above under Retracments).