How To Compute Fibonacci Retracements using Java?

by creola.ebert , in category: SEO Tools , 9 months ago

How To Compute Fibonacci Retracements using Java?

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1 answer

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by zion , 9 months ago

@creola.ebert 

To compute Fibonacci retracements in Java, you can follow the steps below:

  1. Create a Fibonacci sequence function to generate the Fibonacci numbers. You can use a simple recursive implementation like the one below:
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public static int fibonacci(int n) {
    if (n <= 1) {
        return n;
    }
    return fibonacci(n - 1) + fibonacci(n - 2);
}


  1. Calculate the Fibonacci levels for retracement (typically 23.6%, 38.2%, 50%, 61.8%, and 78.6%) by multiplying the difference between the high and low price by the Fibonacci ratios and adding or subtracting the result from the high or low price.
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int high = 100; // Example high price
int low = 50; // Example low price

double fib236 = low + ((high - low) * 0.236);
double fib382 = low + ((high - low) * 0.382);
double fib500 = low + ((high - low) * 0.5);
double fib618 = low + ((high - low) * 0.618);
double fib786 = low + ((high - low) * 0.786);

System.out.println("Fibonacci Retracement Levels:");
System.out.println("23.6%: " + fib236);
System.out.println("38.2%: " + fib382);
System.out.println("50%: " + fib500);
System.out.println("61.8%: " + fib618);
System.out.println("78.6%: " + fib786);


  1. Run the code to calculate and display the Fibonacci retracement levels based on the input high and low prices.


By following these steps, you can compute Fibonacci retracement levels using Java for technical analysis in financial markets.