Fibonacci Calculator

Apply the Fibonacci Calculator’s results to the interactive Live Price Charts.

Use MiladFX precise Fibonacci Levels Calculator to swiftly plot any financial instrument’s projected Fibonacci retracement or extension levels.

What is a Fibonacci Levels Calculator, and how does it work?

Fibonacci levels and sequences aren’t hidden ratios or pricing patterns seen in the wild. It is a widely used approach, or indicator, for analysing the price activity of an asset in any financial market, and its relevance, like that of any other widely used indicator, is based on its self-fulfilling popularity.

There are two types of Fibonacci levels: retracements and extensions. After a new high in an uptrend or a new low in a downtrend is defined as the temporary end of the trend, retracement levels are applied to an asset’s price. When the market begins to consolidate, pullbacks or market corrections, known as Fibonacci retracement levels, will occur.

0.236, 0.382, 0.500, 0.618, 0.764 Fibonacci Retracement Levels

Fibonacci extension levels, on the other hand, are applied to an asset’s price as a continuation of the trend. Market price may (but does not have to) correct to one of the Fibonacci retracement levels before continuing to move in the direction of the underlying trend, creating new highs and lows. After a period of consolidation, it may simply continue moving in the direction of the main trend without striking any Fibonacci retracement levels.

0, 0.382, 0.618, 1.000, 1.382, 1.618 Fibonacci Extension Levels

There is no magical or universal law within any of the Fibonacci ratios, just as there is no magical or universal law within the Golden Ratio. They’re just intriguing ratios discovered by mathematicians and adopted by traders afterwards.

The mystical feeling of the Fibonacci ratios in the markets has enticed traders all around the world, and because it is a widely utilised indicator, especially by professional traders, many people buy and sell at these levels, making them incredibly effective.

How can I use the Fibonacci Levels Calculator for trading?

Direction of the trend: By selecting “Up” or “Down” in this area, traders can replicate one of two different options: an uptrend or a decline. Let’s imagine want to locate a solid entry level by calculating the Fibonacci retracements for the EUR/USD, which is currently in an uptrend on the weekly chart.

First, I’m choose the “Up” trend direction for my example. After that, I select the “Retracement” radio button to tell the calculator to calculate the retracement levels.

Low price: Traders should put the EUR/USD pair’s lowest price, which was printed at the start of the rally, for example 1.16653, in this field.

High price: Traders should enter the highest price of the EUR/USD pair reached during the current uptrend in this area, for example 1.20552.

After that, I’m pressed the “Calculate” button.

The following are the outcomes: For the EUR/USD pair, the Fibonacci Levels Calculator will calculate and display up to 7 potential retracement levels. The retracement levels are calculated by dividing the vertical distance between the two extreme points of an asset’s price movement (lowest or highest swing, or simply point A and B) by the essential Fibonacci ratios of 23.6 percent, 38.2 percent, 50 percent, 61.8 percent, 78.6 percent, and 100 percent.

So, in my uptrend example, the EUR/lowest USD’s swing (point A) was 1.16653. The price increased to a peak of 1.20552. (point B). The Fibo retracement levels for the 23.6 percent retracementent are 1.1987, 1.1944 for the 38.2 percent retracementent, 1.191 for the 50.0 percent retracementent, and so on, according to MiladFX calculator.

The retracement levels will be displayed on the calculator up to the maximum level of 161.8 percent (1.1586 in our example). Traders should fill out the “End price” section (mandatory) for the projection (extensions) levels, and the calculator will display up to 6 possible projection levels (maximum 261.8 percent – 2.618 Fibo).