Fibonacci Fan

(redirected from Fibonacci Fans)

Fibonacci Fan

In technical analysis, a way of determining the support and resistance levels for a security's price. One calculates a Fibonacci fan by finding the high and low prices for a given period of time and dividing the difference between those two by three Fibonacci ratios: 38.2%, 50%, and 61.8%. One then draws lines on a chart based on these calculations.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Mentioned in ?
References in periodicals archive ?
The line studies supported by Nevron Chart for .NET are Fibonacci Arcs, Fibonacci Fans, Fibonacci Retracements, Quadrant Lines, Speed Resistance Lines and Trend line.
Announcing Nevron Vision for .NET 2015.1 - New Version Release with Many New Features and Improvements

Financial browser ?
Full browser ?