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What is the Formula of Fibonacci Retracement? I'm planning to put Fibonacci in SubWindow.

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Musngi
299
Musngi  

What is the Formula of Fibonacci Retracement? I'm planning to put Fibonacci in SubWindow.

I searched fibonacci retracement formula in Google and MQL Forums but I haven't seen it yet.

whroeder1
14780
whroeder1  
  1. (price - Lowest(n)) / (Highest(n) - Lowest(n))
Keith Watford
Moderator
9641
Keith Watford  

Range=High-low (100%)

eg. 23.6% retracement

Retracement = Range*23.6/100

if drawing from low to high, high - Retracement

if drawing from high to low, low + Retracement

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