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Fibonacci and pitchfork tools

Learn fibonacci and pitchfork tools on a price chart. Choose a tool below and follow its placement steps.

2 min read7 sections

  1. 01

    Fibonacci channel

    Project parallel Fibonacci channel levels from your chosen baseline and width.

    Click the baseline endpoints, then set channel width. Select the drawing to move it or drag its points. Press Delete to remove the selected drawing.

    Fibonacci channel on GainzAlgo
  2. 02

    Fibonacci time zones

    Project vertical time markers at Fibonacci multiples of your chosen interval.

    Click the origin and one time interval. Select the drawing to move it or drag its points. Press Delete to remove the selected drawing.

    Fibonacci time zones on GainzAlgo
  3. 03

    Gann fan

    Draw a fan of reference lines from the origin and chosen 1:1 reference point.

    Click the origin, then the 1:1 reference point. Select the drawing to move it or drag its points. Press Delete to remove the selected drawing.

    Gann fan on GainzAlgo
  4. 04

    Andrews pitchfork

    Draw a median line and parallel references from three chosen swing points.

    Click the origin, then two swing endpoints. Select the drawing to move it or drag its points. Press Delete to remove the selected drawing.

    Andrews pitchfork on GainzAlgo
  5. 05

    Schiff pitchfork

    Draw the pitchfork variant with a shifted origin, using the three swing points you select.

    Click the origin, then two swing endpoints. Select the drawing to move it or drag its points. Press Delete to remove the selected drawing.

    Schiff pitchfork on GainzAlgo
  6. 06

    Fib retracement

    Retracement levels between a swing low and a swing high.

    Click the start of the move, then its end; the levels fill in between. Select the drawing to move it or drag its points. Press Delete to remove the selected drawing.

    Fib retracement on GainzAlgo
  7. 07

    Fib extension

    Projected levels beyond the end of a move, for targets rather than pullbacks.

    Click the move's start, its end, then the pullback it retraced to. Select the drawing to move it or drag its points. Press Delete to remove the selected drawing.

    Fib extension on GainzAlgo
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