Fibonacci Expansion calculation?

robdav · Tue, 21 Jan 2020 10:30:03 +0000

I’m trying to create the Fibonacci Expansion (Projection) code, the same as the one inbuilt to PRT that I can use in a strategy but I’m unsure how it is calculated. So, for projection of a long market, take Point 1 up to Point 2 up to point 3 to project levels beyond. Does anyone know the formula, I can’t seem to find it elsewhere. Thanks Rob

This topic has 1 reply, 2 voices, and was last updated 4 years ago by Nicolas.

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01/21/2020 at 11:30 AM #117372

robdav

I’m trying to create the Fibonacci Expansion (Projection) code, the same as the one inbuilt to PRT that I can use in a strategy but I’m unsure how it is calculated.

So, for projection of a long market, take Point 1 up to Point 2 up to point 3 to project levels beyond.

Does anyone know the formula, I can’t seem to find it elsewhere.

Thanks

Rob

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01/21/2020 at 12:35 PM #117384

Nicolas

Take the range from high to low and multiply it by the Fibonacci ratio, then add this result to the low.

Examples:

Daily Fibonacci Percent

ZigZag Fibonacci levels

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robdav

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Fibonacci Expansion calculation?

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