Fibonacci Drawing Tools

In the example below, you will see how to implement Fibonacci drawing tools using the LightningChart Python Trader. Full code and datasets are provided at the bottom of the page.

Download 'Apple Inc. (AAPL) - 10y.csv'

Download 'NVIDIA Corp (NVDA) - 10y.csv'

from lightningchart_trader import TAChart

LICENSE_KEY_PATH = "license_key.txt"
AAPL_DATA_PATH = "Apple Inc. (AAPL) - 10y.csv"
NVDIA_DATA_PATH = "NVIDIA Corp (NVDA) - 10y.csv"

# Load the license key
license_key = open(LICENSE_KEY_PATH).read()

# Create two separate instances of TAChart for two different charts
aapl_trader = TAChart(license_key)
nvidia_trader = TAChart(license_key)

# Read data from CSV files
aapl_trader.load_csv(AAPL_DATA_PATH)
aapl_trader.change_time_range(3)
aapl_trader.set_chart_title(
    'Fibonacci Fan, Fibonacci Retracements, Fibonacci Time Zones'
)

nvidia_trader.load_csv(NVDIA_DATA_PATH)
nvidia_trader.change_time_range(4)
nvidia_trader.set_chart_title('Fibonacci Arc, Fibonacci Extension')

# AAPL Chart - Fibonacci Fan, Retracements, and Time Zones

# Add Fibonacci Fan
fibonacci_fan = aapl_trader.add_fibonacci_fan(500, 35.5, 555, 52)
fibonacci_fan.set_fill_enabled(True)
fibonacci_fan.set_line_color('#0000FF')
fibonacci_fan.set_line_width(2)
fibonacci_fan.update_position(505, 34, 585, 51.5)

# Add Fibonacci Retracements with fill disabled
fibonacci_retracements = aapl_trader.add_fibonacci_retracements(50, 100, 150, 200)
fibonacci_retracements.set_fill_enabled(False)
fibonacci_retracements.set_line_color('#FF00FF')
fibonacci_retracements.set_line_width(2)
fibonacci_retracements.update_position(335, 38, 442, 56)

# # Add Fibonacci Time Zones with fill disabled
fibonacci_time_zones = aapl_trader.add_fibonacci_time_zones(50, 100, 150, 200)
fibonacci_time_zones.set_fill_enabled(False)
fibonacci_time_zones.set_line_color('#FFFF00')
fibonacci_time_zones.set_line_width(2)
fibonacci_time_zones.set_time_zone_count(10)
fibonacci_time_zones.update_position(4, 27, 95, 36.5)

# Add Fibonacci Arc
fibonacci_arc = nvidia_trader.add_fibonacci_arc(50, 100, 150, 200)
fibonacci_arc.set_fill_enabled(True)
fibonacci_arc.set_line_color('#FF0000')
fibonacci_arc.set_line_width(2)
fibonacci_arc.update_position(19, 32.5, 36, 39.4)

# Add Fibonacci Extension
fibonacci_extension = nvidia_trader.add_fibonacci_extension(
    105, 33, 141, 44.4, 157, 36.5
)
fibonacci_extension.set_extend_lines(True)
fibonacci_extension.set_fill_enabled(True)
fibonacci_extension.set_line_color('#00FF00')
fibonacci_extension.set_line_width(1)
fibonacci_extension.update_position(105, 33, 141, 44.4, 300, 36.5)

# Open the AAPL chart
aapl_chart = aapl_trader.open()
nvidia_chart = nvidia_trader.open()