Fibonacci Calculator
Fibonacci calculator uses a mathematical sequence that finds application in every financial instrument (forex, stocks, commodities etc). It originates from the Middle Ages, when Leonardo Fibonacci, the most talented western mathematician of his era, published his academic work that describes relativity & proportion of everything from nature’s smallest elements, such as atoms, to the oversized patterns in the universe, such as celestial bodies.
Fibonacci calculator is a useful tool in financial analysis in order to find support and resistance levels at prices. Its golden ratio has the three basic percentages of 38.2%, 50.0%, 61.8% in which retracements & extensions take place.
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