Fibonacci Grid

Fibonacci Grid projects support and resistance diagonally instead of horizontally. You set an evaluation area by picking two points on the chart. Every line runs parallel to one of the area's diagonals and is positioned using Fibonacci ratios applied to the highest and lowest Source values (close by default) inside the area (or, for uniform structure, switched to equidistant spacing). The result is a lattice where price interacts with sloped levels whose values evolve bar by bar rather than sitting flat.

How to Trade the Fibonacci Grid?

• Individual diagonals: each line is a candidate support or resistance level; watch for price riding along a diagonal or rejecting it outright.
• Converging lines form channels: price tends to travel inside these corridors until a breakout, and the break itself can flag a shift in market conditions.
• Distance from the main diagonals: moves that stretch far from the orange main diagonals typically gravitate back toward the narrower channels, a built-in mean-reversion cue.
• Ratio versus equidistant spacing: Fibonacci spacing tightens the channels as they extend from the center of the evaluation area; equidistant spacing keeps every gap uniform.

Fibonacci Grid Settings

• Start and end points: two times you pick on the chart when adding the indicator; the highest and lowest Source values (close by default) between them frame the grid.
• Resolution: grid density when Fibonacci spacing is off. Higher values draw more lines.
• Use Fibonacci Ratios: positions the lines at six specific Fibonacci ratios instead of equal intervals.

Frequently Asked Questions

Can I combine Fibonacci and equidistant lines?

How is a diagonal grid different from standard retracements?

How do I get the Fibonacci Grid?