Feature Request: Extended Lines and Auto-Snap Functionality for Fibonacci Tools

Dear cTrader Development Team,

I’d like to commend you on the exceptional tools and features provided within cTrader, which have greatly enriched the trading experience. I am writing to suggest two enhancements to the Fibonacci tools that would improve their functionality and ease of use for technical traders like myself.

1. Extended Lines for Fibonacci Retracements

Current Limitation:
Fibonacci levels are often limited to the visible chart area, making it challenging to visualize key levels that extend beyond the current view or over longer timeframes.

Proposed Enhancement:
Introduce an option to extend Fibonacci lines horizontally across the chart indefinitely.

• This would help traders see Fibonacci levels interact with price action in real time as the market evolves.
• It is particularly useful for swing and position traders who rely on key levels to project long-term price targets or identify support/resistance zones.

Benefits:

• Improved clarity and usability for long-term and multi-timeframe analysis.
• Easier identification of potential confluence areas with other indicators or price levels.

2. Auto-Snap/Magnet Feature for Fibonacci Anchors

Current Limitation:
Plotting Fibonacci retracements manually can sometimes result in inaccuracies when attempting to align the tool with precise high and low points of candlesticks.

Proposed Enhancement:
Introduce a Magnet/Auto-Snap feature for the Fibonacci tool:

• Automatically snap the tool’s anchor points to the exact high or low of candlesticks.
• Allow toggling this feature on or off for traders who prefer manual adjustments.

Benefits:

• Faster and more accurate plotting of Fibonacci retracements.
• Reduced margin for error in technical analysis.
• Enhanced user experience, especially for scalpers and day traders who need precision during fast-paced market conditions.

Closing Thoughts

These features would significantly enhance the efficiency and accuracy of the Fibonacci tool, aligning it with the needs of traders across various strategies and timeframes.

Thank you for considering these suggestions, and I’d be happy to discuss or provide additional details to support their development.