Fibonacci Calculator

A new online Fibonacci Calculator by DeltaT1 is now being tested on the DeltaT1 web site:

Fibonacci Calculator

Questions and comments about it here.

Originally posted by vipin_malhotra

unable to locate HELP on BROWSER WINDOW

What help are you looking for?

Thanks for the Fibonacci calculator link... kudos! :)

What figures are most important in calculating Fibonacci. What does the ratio represents and how it cam be appkied to price action. Please provide me with an honest answer.

I want to know about the fibonacci calc..... High & low its the previous day high low right and then its shown some ratios and price ... right now how to decide to guess the market

mani

Originally posted by bmani890

I want to know about the fibonacci calc..... High & low its the previous day high low right and then its shown some ratios and price ... right now how to decide to guess the market

mani

Yes, the high and low is the previous day (or session or hour depending on the time frame that you're trading) and from that the calculator will calculate the most common ratios if you leave the default values in place.

The theory is that at the Fibonacci levels there is an increased probability of a reversal and if it breaks that level then a run for the next level. It's best used with a cluster of indicators. For example, if a common moving average and a popular pivot point and a popular Fibonacci number all cluster/converge on the same price point then the probability is that price point is more significant by dint of the fact that more traders expect it to be because there are more watching that price and using it as profit targets or reversal entries etc.