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Chris,
The Fibonacci Retracement tool can be used. Draw on the chart from point
A to point B and the first line is a 23.6%, next is 38.2%, then 50%
which is the measure you want. Others follow at 61.8%, 100%,
161.8%,261.8%,423.6%.
Regards Ian Burgoyne, Melbourne
Mullin285@xxxxxxx wrote:
>
> I'm a rookie MetaStock person. I've been wanting to find a way to measure a
> movement's percent, as in retracement percent. For example is there an easy
> way to draw a support line to indicate the 50% retracement point from a top?
> Any such kind of animal available in the MS tool cabinet?
>
> Thanks kindly for any help
>
> Chris
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