Hi everyone, after hours lost on google to seek this formula, I ask you.
I need the formula to calculate Fibonacci expansion, but using 3 points: A (swing low), B (swing high), C (retracement). One present in MT4 to speak.
If calculating the extension only using 2 points, the result is different and is not in line with what expected my strategy.
can anyone help me?
- Fibonacci Expansion - Fibonacci Tools - Objects - Charts - MetaTrader 5 for Android
- Fibonacci Expansion - Fibonacci Tools - Objects - Chart - MetaTrader 5 for iPhone
- Fibonacci Expansion - Fibonacci Tools - Analytical Objects - Price Charts, Technical and Fundamental Analysis
161.8% expansion==> C+((b-a)*1.618)
Uptrend fibonacci Retracement + ((Swing high-Swing low)*expansion percentage/100)
Downtrend fibonacci Retracement-((Swing high - swing low)*expansion percentage/100)
Damian Mateusz Dziadosz:
Oh perfect! Many thanks.161.8% expansion==> C+((b-a)*1.618)
Uptrend fibonacci Retracement + ((Swing high-Swing low)*expansion percentage/100)
Downtrend fibonacci Retracement-((Swing high - swing low)*expansion percentage/100)

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