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Fibonacci Calculator logo

Fibonacci Calculator for Android

By Shubhlaxmi Free

Developer's Description

This tool allows you to generate basic Fibonacci retracement values in both up and down trends, by entering the high and low values of your choice. This is a powerful tool for predicting approximate price targets.

Fibonacci retracement is a very popular tool among technical traders and is based on the key numbers identified by mathematician Leonardo Fibonacci in the thirteenth century. However, Fibonacci's sequence of numbers is not as important as the mathematical relationships, expressed as ratios, between the numbers in the series. In technical analysis, Fibonacci retracement is created by taking two extreme points (usually a major peak and trough) on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%. Once these levels are identified, horizontal lines are drawn and used to identify possible support and resistance levels.

Full Specifications

What's new in version 0.0.2

General

Release November 9, 2018
Date Added November 9, 2018
Version 0.0.2

Operating Systems

Operating Systems Android
Additional Requirements None

Popularity

Total Downloads 175
Downloads Last Week 0
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