Fibonacci Calculator: Version 3
Does anyone know the formula for this calculator.
I go on the road alot and dont have access to a computer while traveling.
So if someone knows the formula so that I can just use a calculator to calculate my retracements using the
Fibonacci Calculator Version 3's formula it would be appreciated.
Thanks
Jim
I go on the road alot and dont have access to a computer while traveling.
So if someone knows the formula so that I can just use a calculator to calculate my retracements using the
Fibonacci Calculator Version 3's formula it would be appreciated.
Thanks
Jim
Jim,
The formula is fairly straight forward and simple and you should be able to put it into a spreadsheet. The 2 key numbers are obviously the high and the low as they are the input. From these 2 numbers calculate the range (the difference between them) and all of the Fibonacci extensions and retracements are multiples of this range.
So the price in the right hand column is the range multiplied by the ratio in the left hand column and then add that value to the low.
Let me know if that works out for you or if you need further help.
The formula is fairly straight forward and simple and you should be able to put it into a spreadsheet. The 2 key numbers are obviously the high and the low as they are the input. From these 2 numbers calculate the range (the difference between them) and all of the Fibonacci extensions and retracements are multiples of this range.
So the price in the right hand column is the range multiplied by the ratio in the left hand column and then add that value to the low.
Let me know if that works out for you or if you need further help.
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