Fibonacci Calculator

Fibonacci calculator is a Forex calculator for retracement and projection prices with Fibonacci levels.

With this calculator you can easy get Fibonacci levels for trading analysis to see where are resistance or support levels on the chart.

With Fibonacci levels you can maximize the projection of the stop loss and take profit levels . 

This article will show you what Fibonacci levels for retracement and projection exist and how to use Fibonacci calculator.

What is a Fibonacci Calculator

Fibonacci calculator is free online calculator that gives you retracement and projection levels for uptrend and downtrend price movement.

The fibonacci calculator requires three values:

• high price
• low price
• end price

Low price and high price are needed for Fibonacci retracement and projection levels. 

End price is needed only in Fibonacci projection levels.

Fibonacci Calculator Online Free

This Fibonnaci calculator is free online web based which you can access from anywhere and from any device that has internet browser.

You need to have Internet access to use Fibonacci calculator online. There are no obstacles and calculator is easy to use.

Enter required values and click Calculate button to get Fibonacci levels.

As the results you will get Fibonacci levels in percentage and price that is equal for that level.

Forex Fibonacci Calculator

Forex Fibonacci calculator gives you Fibonacci levels for currency pair for low and high price.

In Forex trading with this Fibonacci calculator you can get retracement and projection levels on the chart for the price to determine future price movements.

By entering low price and high price you can get uptrend and downtrend Fibonacci levels and prices which you can mark on the chart.

Fibonacci Retracement Calculator

Fibonacci levels for retracement calculator are:

• 23.6%
• 38.2%
• 50%
• 61.8%
• 78.6%
• 100%
• 138.2%
• 161.8%

Fibonacci retracement calculator gives you levels with prices for uptrend and downtrend. You need to select which direction you would like to calculate.

Calculator automatically calculates for you all the levels listed above.

How to Calculate Fibonacci Retracement

Formula to calculate Fibonacci retracement for uptrend and downtrend is:

UR = High price – ((High price – Low price) × percentage)

DR = Low price + ((High price – Low price) × percentage)

The short words used in the formulas are:

1. UR is the uptrend retracement
2. DR is the downtrend retracement
3. percentage can be any of the Fibonacci retracement levels
   1. 23.6%
   2. 38.2%
   3. 50%
   4. 61.8%
   5. 78.6%
   6. 100%
   7. 138.2%
   8. 161.8%

How to Calculate Fibonacci Retracement Manually

Manually calculate Fibonacci retracement you need to have High price and low price.

Here is an example how to manually calculate Fibonacci retracement levels:

• High price = 1.10920
• Low price = 1.06352

Formula for Fibonacci retracement levels for uptrend and downtrend are:

UR = High price – ((High price – Low price) × percentage)

DR = Low price + ((High price – Low price) × percentage)

Calculate Fibonacci 23.6% Retracement Level Manually for Uptrend

UR = High price – ((High price – Low price) × percentage)

UR = 1.10920 – ((1.10920 – 1.06352) × 0.236)

UR = 1.10920 – 0,01078048

UR = 1.09841952 ~ 1.0984

Calculate Fibonacci 23.6% Retracement Level Manually for Downtrend

DR = Low price + ((High price – Low price) × percentage)

DR = 1.06352 + ((1.10920 – 1.06352 ) × 0.236)

DR = 1.06352 + 0,01078048

DR = 1.07430048 ~ 1.0743

Uptrend Fibonacci Retracement

Here is an example how the Fibonacci calculator works with uptrend retracement levels.

I have entered trend direction which is UP and I have defined retracement calculations.

Then I have entered low price and high price so the calculator can calculate Fibonacci levels.

When I click Calculate I get two columns. First column have Fibonacci level and the second column have Price level.

If you use Fibonacci calculator inside MT4 for retracement calculation and draw Fibonacci levels on the chart you will see the same levels I have get with Fibonacci calculator online.

You can see on the chart that high price is at the top and low price is on the lower side of the market move. And between high price and low price you have retracement levels.

Retracement levels are starting from high price to low price.

Fibonacci Retracement Downtrend

If you change the trend direction and put it to down you will have different calculations.

Fibonacci calculator will give you retracement levels that are starting from the low price to the high price.

When you check this example inside MT4 you can see how this looks on the chart.

The retracement start from the bottom where low price is up to the high price. And then extends above high price.

Fibonacci Projection Calculator

Fibonacci levels for projection calculator are:

• 261.8%
• 200%
• 161.8%
• 138.2%
• 100%
• 61.8%

Fibonacci Projection Levels Calculation

If you would like to make the calculation of projection levels here are key notes how the Fibonacci projection levels are calculated:

• The first ratio of 161.8%, which is the “golden ratio” or the “golden mean”, is calculated by dividing a number in the sequence by the number that precedes it.
  • For example in the sequence 13, 21, 34, 55, 89, 144 we have this:
    • 21 ÷ 13 = 1.6154
    • 34 ÷ 21 = 1.6190
    • 55 ÷ 34 = 1.6176
• The 261.8% ratio is found by dividing a number in the sequence by the number that appears two places before it.
  • For example:
    • 34 ÷ 13 = 2.425
    • 55 ÷ 21 = 2.619
    • 144 ÷ 55 = 2.61818
    • It is also the square of 1.618 (1.618 x 1.618 = 2.618)
• The 423.6% ratio is found by dividing a number in the sequence by the number that appears three places before it.
  • For example:
    • 55 ÷ 13 = 4.2308
    • 89 ÷ 21 = 4.2381
    • 144 ÷ 34 = 4.2353
    • It is also the sum of 1.618 and 2.618 (1.618 + 2.618 = 4.236)
• The 127.2% extension level is the square root of 1.618 (√1.618 = 1.272)
• Some traders also use the 61.8% Fibonacci ratio, which is the inverse of the 161.8% ratio
  • 1 / 1,618 = 0,618 

Fibonacci Projection Level Calculation Manually

Let’s take an example from the chart where we have:

• Low price = 1.05162
• High price = 1.10917
• End price = 1.091163

Projection level price = End price + (High Price – Low Price) x Projection level

High Price – Low Price = 1.10917 – 1.05162 = 0.05755

61.8% = End price + (High Price – Low Price) x 0.618 = 1.091163 + 0.0355659 = 1.1267289 ~ 1.1267

Uptrend Fibonacci Projection

If you want to calculate uptrend Fibonacci projection level you would use formula:

Projection level price = End price + (High Price – Low Price) x Projection level

Below you have calculated projection levels where low price, high price and end price have been defined.

When you use Fibonacci projection level tool inside MT4 you can see how the projection levels have been marked on the chart.

Fibonacci Projection Downtrend

Fibonacci projection level in downtrend have formuka:

Projection level price = End price – (High Price – Low Price) x Projection level

When you have these levels:

• Low price = 1.06352
• High price = 1.10920
• End price = 1.08614

The downtrend Fibonacci projection levels for 61.8% is calculated like this:

61.8% = End price – (High Price – Low Price) x 0.618

High Price – Low Price = 1.10920 – 1.06352 = 0.04568

61.8% = 1.08614 – (0.04568) x 0.618

61.8% = 1.08614 – (0.04568) x 0.618

61.8% = 1.05790976 ~ 1.0579

When you use Fibonacci projection level for downtrend you get these levels on the chart.

You can see the projection levels are the same like in the case when you use Fibonacci projection calculator.

Conclusion

Fibonacci calculator gives you levels for retracement and projection for uptrend and downtrend.

You need to enter low price, high price and in case of projection level additionaly the end price.

Fibonacci calculator will calculate retracement and projection levels for you so you can easily see where potential support and resistance levels are.