New Forex Fibonacci Calculator
December 1, 2005 by Trader Rich
I was searching the web for a fibonacci calculator that allows me to enter a high value, low value, and then gives me the fibonacci retrace values.
I couldn’t really find anything so I decided to write my own.
Calculating the retrace values is simple. For example, if the high price is 119.00 and the low price 104.20 and you want the 23.6% retrace value, the formula is:
(high price - ( (high price - low price) x .236 ) ) or
(119.00 - ( (119.00 - 114.20) x .236 ) ) = 117.8672
You can get to the calculator from the home page right menu or go to forex fibonacci calculator.
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