Fibonacci Confluence Calc 2.0
Free Version
Publisher Description
The Greek letter Φ (Phi) is used to represent the golden ratio also known as the Fibonacci ratio. Many things in nature exhibit the Fibonacci ratio Phi. The same is true for systems based upon human behavior such as the stock market where stock prices largely reflect human opinions, valuations and expectations. A study by mathematical psychologist Vladimir Lefebvre demonstrated that humans exhibit positive and negative evaluations in their the opinions in a ratio that approaches phi. The expansion and retracements of equity prices show an affinity for the ratios of 0.382, .5, 0.618, 1, 1.382, and 1.618. Phi-Trader makes use of that property to help you predict to retracement and expansion targets for a stock. Those price points are the sweet spots for entering & exiting trades. Volume used in conjunction with the Fibonacci ratio levels helps confirm whether the trade is likely a good one.
Taking the example of an A-B-C Up structure. If you look carefully you can see that there are 2 A points, A1 and A2. You can trace an A1-B-C and an A2-B-C. The top of the confluence zone is the 0.618 retracement of the A2 to B price swing and the bottom of the confluence zone is the 0.382 retracement of the A1-B price swing. In practice confluence represents a zone where the equity, during its retracement from B to C, is likely to reverse direction and resume its trend. A tighter confluence zone is considered better. There are also A-B-C Down structures which are inverted from the A-B-C Up.
Volumes are also important in confirming things. Still looking at an A-B-C Up, what you want to see are higher volume levels on the up-trend, and decreasing volumes on the retracements. When moving up and passing through the levels of a previous high, you want to see higher volume levels than there were on the day of the previous high. When retracing you want to see the volume dry up, and in particular, if the price drops below a previous swing low, it needs to do so on less volume than on that previous low's day.
This is a very high level description. More complete references on Fibonacci A-B-C's, confluence, and volumes can be found elsewhere on the Internet.
About Fibonacci Confluence Calc
Fibonacci Confluence Calc is a free app for Android published in the Accounting & Finance list of apps, part of Business.
The company that develops Fibonacci Confluence Calc is Phi-Trader. The latest version released by its developer is 2.0.
To install Fibonacci Confluence Calc on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2011-07-20 and was downloaded 4 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Fibonacci Confluence Calc as malware as malware if the download link to com.gmail.email.Otto.Robert.ConfluenceCalc is broken.
How to install Fibonacci Confluence Calc on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the Fibonacci Confluence Calc is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by Fibonacci Confluence Calc will be shown. Click on Accept to continue the process.
- Fibonacci Confluence Calc will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.
