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Fibonacci Levels Are What Exactly?

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Brian Lillard
929
Brian Lillard  

Could we discuss what Fibonacci levels are exactly like if we were going to make internal variables of Fibonacci level prices?

They seem to be a percentage of a price so for example

between 1.1346 and 1.1549 we have 0.0203 pips .. how do we get fibo prices from the levels without using the fibo tool?

The Fibonacci levels being

0.0(0.0), 0.236(23.6), 0.382(38.2), 0.50(50), 0.618(61.8), 0.764(76.4), 1.0(100.0), 1.618(161.8), 2.618(261.8), 4.236(423.6)

Keith Watford
Moderator
10566
Keith Watford  

1.1346 + (0.0203*0.0)

1.1346 + (0.0203*0.236)

etc

1.1.1549 - (0.0203*0.0)

1.1549 -  (0.0203*0.236)

etc

depending on whether fibonacci levels are from low to high or high to low

Fernando Carreiro
2202
Fernando Carreiro  
Subgenius:

Could we discuss what Fibonacci levels are exactly like if we were going to make internal variables of Fibonacci level prices?

They seem to be a percentage of a price so for example between 1.1346 and 1.1549 we have 0.0203 pips .. how do we get fibo prices from the levels without using the fibo tool?

The Fibonacci levels being 0.0(0.0), 0.236(23.6), 0.382(38.2), 0.50(50), 0.618(61.8), 0.764(76.4), 1.0(100.0), 1.618(161.8), 2.618(261.8), 4.236(423.6)

Here are some links of interest for you to better understand what they are and how they are calculated:

Brian Lillard
929
Brian Lillard  
GumRai:

1.1346 + (0.0203*0.0)

Eureka

Thanks !!

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