What is the Formula of Fibonacci Retracement? I'm planning to put Fibonacci in SubWindow.
- (price - Lowest(n)) / (Highest(n) - Lowest(n))
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
Keith Watford:
The best answer. Good job Sir.
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
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.