Calculate Fibonacci Extensions Using SQL?

In SQL, you can calculate Fibonacci extensions using recursive queries to generate the Fibonacci sequence. The Fibonacci sequence is a series of numbers where each number is the sum of the two preceding numbers. By calculating the Fibonacci sequence, you can determine Fibonacci extensions by multiplying each Fibonacci number by a specified factor. This can be useful for predicting potential future support or resistance levels in financial markets or analyzing patterns in numerical data. By running recursive queries in SQL to calculate and extend the Fibonacci sequence, you can easily determine the Fibonacci extensions for various scenarios.

Best Websites to View Stock Charts in 2024

1

Rating is 5 out of 5

FinViz

Check Out

2

Rating is 4.9 out of 5

TradingView

Check Out

3

Rating is 4.8 out of 5

FinQuota

Check Out

4

Rating is 4.8 out of 5

Yahoo Finance

Check Out

What is the methodology for calculating Fibonacci extensions in SQL?

To calculate Fibonacci extensions in SQL, you can use a recursive Common Table Expression (CTE) or a stored procedure.

Here is an example of using a recursive CTE to calculate Fibonacci extensions up to a certain number of levels:

 1
 2
 3
 4
 5
 6
 7
 8
 9
10
11
12
13

WITH RECURSIVE Fibonacci AS (
    SELECT 0 AS n, 0 AS fib 
    UNION ALL 
    SELECT 1 AS n, 1 AS fib 
    UNION ALL 
    SELECT n + 1 AS n, 
           (SELECT fib FROM Fibonacci WHERE n = t.n - 1) + 
           (SELECT fib FROM Fibonacci WHERE n = t.n - 2) AS fib
    FROM Fibonacci t
    WHERE n < 10 -- change this to the desired number of levels
)
SELECT n, fib
FROM Fibonacci;

This query will calculate Fibonacci extensions up to the 10th level. You can adjust the n < 10 condition to calculate Fibonacci extensions for a different number of levels.

Alternatively, you can create a stored procedure to calculate Fibonacci extensions. Here is an example of a stored procedure in SQL Server:

 1
 2
 3
 4
 5
 6
 7
 8
 9
10
11
12
13
14
15
16

CREATE PROCEDURE CalculateFibonacciExtensions @levels INT
AS
BEGIN
    DECLARE @n INT = 0;
    DECLARE @fib1 INT = 0, @fib2 INT = 1, @fib INT;

    WHILE @n < @levels
    BEGIN
        SET @fib = @fib1 + @fib2;
        PRINT 'Level: ' + CONVERT(VARCHAR, @n) + ' - Fibonacci Extension: ' + CONVERT(VARCHAR, @fib);

        SET @fib1 = @fib2;
        SET @fib2 = @fib;
        SET @n = @n + 1;
    END
END

You can then call the stored procedure and pass the desired number of levels as a parameter to calculate Fibonacci extensions:

1

EXEC CalculateFibonacciExtensions 10; -- calculate Fibonacci extensions up to the 10th level

These are just examples, and you may need to modify them based on your specific requirements and SQL dialect.

How to calculate Fibonacci extensions using SQL?

To calculate Fibonacci extensions using SQL, you can use the following query:

 1
 2
 3
 4
 5
 6
 7
 8
 9
10
11
12
13
14
15

WITH RECURSIVE fibonacci(n, a, b) AS (
  SELECT 1, 0, 1
  UNION ALL
  SELECT n + 1, b, a + b
  FROM fibonacci
  WHERE n < 20
)
SELECT 
a AS fib_n_minus_1,
b AS fib_n,
(a + b) AS fib_n_plus_1,
b AS fib_n_plus_2,
ROUND(b / a, 2) AS fib_n_plus_1_extension,
ROUND((b * 1.618) AS fib_n_plus_2_extension
FROM fibonacci;

This query will calculate the Fibonacci sequence up to the 20th term and then calculate the Fibonacci extensions for the last two terms. The Fibonacci extensions are calculated as the Fibonacci number multiplied by 1.618 for the Fibonacci(n+1) term, and the Fibonacci number divided by the Fibonacci(n-1) term for the Fibonacci(n) term.

You can adjust the query to calculate more terms or change the multiplier/divisor for different Fibonacci extensions.

How to identify Fibonacci extension levels in SQL charts?

To identify Fibonacci extension levels in SQL charts, you can follow these steps:

1. Plot the Fibonacci retracement tool on your SQL chart. This tool is commonly found in charting software and allows you to identify key levels of support and resistance based on the Fibonacci sequence.
2. Look for significant price movements or trends on the chart. Fibonacci extension levels can be used to forecast potential price targets beyond the current trend. These price movements can be either upward or downward.
3. Identify the swing points on the chart. Swing points are the high and low points of the price movement that you will use to plot the Fibonacci extension levels.
4. Once you have identified the swing points, use the Fibonacci extension tool to draw lines from the swing low to the swing high (for upward trends) or from the swing high to the swing low (for downward trends).
5. The levels to watch for will be the 127.2%, 161.8%, 261.8% and 423.6% Fibonacci extension levels. These levels are potential areas where the price may reverse or pause before continuing the trend.
6. Monitor the price action around these Fibonacci extension levels to see if there is a reaction. If the price reverses or consolidates around these levels, it could indicate a potential turning point in the trend.

By following these steps, you can identify Fibonacci extension levels in SQL charts and use them to make more informed trading decisions.

How to reference Fibonacci extension levels in SQL documentation?

To reference Fibonacci extension levels in SQL documentation, you can use a simple explanation that defines what Fibonacci extension levels are and how they are commonly used in trading and financial analysis.

For example:

"Fibonacci extension levels are a series of horizontal lines drawn on a price chart representing potential support and resistance levels based on the Fibonacci sequence. These levels are commonly used by traders and analysts to identify potential price targets or reversal points in a stock or currency exchange. In SQL documentation, Fibonacci extension levels can be referenced as a technical analysis tool used in financial data analysis to forecast potential price movements."