The FibBars parameter allows for the creation of Fibonacci projections based on the LAST completed leg in a swing pattern.  When set to some value, the integer portion of the value is used to set the number of bars that the projection lines will extend from the point of projection forward.

The fractional portion again is used as line width and color of the lines and the annotation of the lines.  Projection lines are drawn at multiples of zero (0), .382, .618, 1.000, 1.318, 1.618, and 2.00 of the difference in prices between the two turningpoints defining the last leg either ADDED to or SUBTRACTED from the price of the last turningpoint.

Quite often a leg completion is FORCED in order to see what is in store according to Fib theory.  However, in the following example such was NOT done.

The above chart illustrates a phenomena which often occurs.  The market runs beyond the projected time/price.  In such a case then the Fib projections become very important in anticipating potential resistance and or turning areas of price.

          FibBars(50.06), {Use to setup fib computation & label }
                          {0.xz=NO fib calculation. yy.xz = set }
                          {fib line lengths to be yy bars long  }
                          {x=line width 0-6        z=line color }
                          {Black=1, Blue=2, Cyan=3, Green=4,    }
                          {Magenta=5, Red=6, Yellow=7, White=8, }
                          {DarkBlue=9                           }
          UseForcd(true); {Set true to have Fib lines drawn from}
                          {forced pivot if such exists.         }

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