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Charting and Studies User Guide - CQG.com

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Page 168<br />

Fibonacci Extensions (FiboE)<br />

What it does:<br />

Measures the retracement values from an original set of points (low to high) to apply at a third<br />

point. Default ratios in <strong>CQG</strong>: 0.000, 0.250, 0.382, 0.618, 0.750, 1.000, 1.618, 2.618, 4.250,<br />

<strong>and</strong> 6.850.<br />

How to use it:<br />

Pointer Tools<br />

1. Select the FiboE tool. The cursor is displayed as a set of lines labeled EXT.<br />

2. Click the chart to establish the zero point.<br />

3. Click a second time in the chart window. The difference between the 1st <strong>and</strong> 2nd<br />

lines defines the 100% difference.<br />

4. Click a third time within the chart window.<br />

The chart displays the values for the ratios according to the scale based on the<br />

difference of the first two lines using the designated click as the new base.

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