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Fibonacci Levels Calculator

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Fibonacci levels (retracements and extensions) are a tool commonly used to analyze financial markets. In fact, many trading strategies combine the use of Fibonacci levels with other technical indicators to detect potential reversals in the price of an instrument or asset in the market. The Forex market is no exception.
 
Therefore, we include the following application provided by the broker HotForex that calculates Fibonacci levels automatically with just three values ​​depending on the type of trend we are analyzing (bullish or bearish). The use of Fibonacci retracements requires some knowledge from the trader so we recommend reading the following article about the subject:
 
-The Fibonacci Theory in Trading
 

The tool calculates the main levels including 23.6%, 50%, 61.8%, 76.4%, 100%, 161.8%, and so on.

 

 

 

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