Forex Fibonacci Calculator is a simple and handy freeware program for calculating Fibonacci extension and retracement levels for the market price.
Fibonacci Calculator allows Forex traders to anticipate market price moves by calculating Fibonacci sequences derived from the price volatility and plan future trades accordingly. Since formulas for calculating Fibonacci levels for an uptrending and downtrending markets are different, program calculates extension and retracement levels for uptrend and downtrend individually. These formulas that are used for calculating Fibonacci levels can be found in Calculator and also used by traders for manual calculations.
Program needs no installation and can be applied on any Forex chart. Calculations can be applied to any time frame and for any currency pair. In order to calculate Fibonacci levels, user needs to type in High and Low values either for uptrend or downtrend, the results (Fibonacci extension and retracement levels) will be calculated based on High and Low values.
Forex Fibonacci Calculator must be used only as a helping tool for planning future trades.