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MetaStock version 18 introduced ability to add plot the Fibonacci Retracement, Projection, and Fan on a logarithmic scale. To plot the Fibonacci studies on a log scale, follow the steps below:
MetaStock v18 --> Current - Open MetaStock.
- From the Power Console, select the Charts button.
- Open the desired chart.
- Type in the instrument using the Instrument(s) field at the top.
- Select instrument using Custom Online Data Lists or Public Online Data Lists.
- Select local data instrument using Local Data Lists.
- From the Line Studies Toolbar on the left side of MetaStock, select the Fibonacci Retracement.
- Click at the desired start point, move the mouse to the desired end point and click again.
- Double click, or right-click and select Properties, on the Fibonacci line study
- Select the Parameters tab
- Select Calculate levels using percentage change on logarithmic scale
- Click OK
Or - Open MetaStock.
- From the Power Console, select the Charts button.
- Open the desired chart.
- Type in the instrument using the Instrument(s) field at the top.
- Select instrument using Custom Online Data Lists or Public Online Data Lists.
- Select local data instrument using Local Data Lists.
- Open the Insert menu
- Select the Fibonacci Retracement
- Click at the desired start point, move the mouse to the desired end point and click again.
- Double click, or right-click and select Properties, on the Fibonacci line study
- Select the Parameters tab
- Select Calculate levels using percentage change on logarithmic scale
- Click OK
Keywords: MetaStock DC, MetaStock RT, Fibonacci, semi-log, log, scale, line study, chart
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