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Fibonacci Expansion calculation?

robdav · 2020-01-21T10:30:03+00:00

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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Fibonacci Expansion calculation?

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

robdav
Participant

Veteran

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

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

Nicolas
Keymaster

Legend

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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Fibonacci Expansion calculation?

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Forum:	ProBuilder: Indicators & Custom Tools
Language:	English
Started:	01/21/2020
Status:	Active
Attachments:	No files

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Fibonacci Expansion calculation?

Stuck on this ProBuilder code?

Fibonacci Expansion calculation? ProBuilder: Indicators & Custom Tools

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Fibonacci Expansion calculation?

ProBuilder: Indicators & Custom Tools