A really simple Fibonacci calculator that shows results for both Retracement and Extension levels.
This is one of the most advanced Fibonacci calculators that is specifically developed to calculate Retracement and Extension levels with just one tap. Along with that, you will also be able to find out the Fibonacci series for a particular number as well. Let's find out what does Retracement level and Extension level mean.
The retracement levels can be measured for both uptrend and downtrend. This Fibonacci retracement calculator is programmed to calculate retracement for 0%, 23.6%, 38.2%, 50.0%, 61.8%, 78.6%, and 100% for the uptrend and downtrend as well. When a user selects uptrend the retracement level decreases with the percentage. If the downtrend option is selected then the retracement level increases as the percentage increases. This indicator is really useful because it can easily be drawn between two price points.
The extension levels are different from retracement levels. For uptrend as well as downtrend, extension levels programmed in this Fibonacci calculator are 261.8%, 200%, 161.8%, 138.2%, 100%, 61.8%, 50%, 38.2%, and 23.6%. For extension levels the value of uptrend increases as the percentage increases. At the same time, the downtrend decreases as the percentage decreases the value.
In this extension level and retracement level, two values are the key values and the most important values. The first is high price and the second is low price. A high price is a high value and a low price is a low value, based on these two key values, the final answer of Retracement and Extension levels are calculated.