4 · Target
Fibonacci ruler
The ruler employs standard golden-ratio increments to delineate pullbacks and extensions. Read directly from the levels currently rendered on your chart; this lesson omits hidden default values.
Two rulers, one core concept
B (on by default): all non-reject ABR + AB Fib/TP on the latest only (Fib also via R). R (off by default) owns labels + Canvas; POC follows B∨R. If that SL is reverse close-broken, Fib/Canvas clear and the rectangle stays until a newer B.
F is manual XFib + POC; C clears it.
Range Fib on L belongs to Trend Breakout. You can keep these on the same chart.
B (on by default): all non-reject ABR + AB Fib/TP on the latest only (Fib also via R). R (off by default) owns labels + Canvas; POC follows B∨R. If that SL is reverse close-broken, Fib/Canvas clear and the rectangle stays until a newer B.
F is manual XFib + POC; C clears it.
Range Fib on L belongs to Trend Breakout. You can keep these on the same chart.
Interpreting a target
- Point 1 corresponds to the close of the breakout candle.
- Point 2 corresponds to the extreme price point of the star or hammer to the left (representing the stop side).
- 1R represents the exact distance from the stop to the breakout level, projected in the opposite direction.
- The suggested multiple displayed on the statistics row represents the spatial target, while the remaining time in the trade is measured in PLT bars rather than additional Fib increments.
The three labels displayed on a band include: the 1R distance metric, the suggested win rate, and x.xR@xxC. That band tag is not the H exit word. The spatial target is the exit level on the current signal’s exit row; the time is that row’s C.