OpenBB/website/content/platform/reference/technical/fib.md

title, description, keywords

title	description	keywords
fib	Learn how to create Fibonacci Retracement Levels using the openbb Python library for technical analysis. Apply the Fibonacci indicator to stock data and visualize the results.	Fibonacci Retracement Levels Fibonacci indicator technical analysis stock data Python data visualization open source library

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Create Fibonacci Retracement Levels.

This method draws from a classic technique to pinpoint significant price levels that often indicate where the market might find support or resistance. It's a tool used to gauge potential turning points in the data by applying a mathematical approach rooted in nature's patterns. Is used to get insights into where prices could head next, based on historical movements.

Examples

from openbb import obb
# Get the Bollinger Band Width.
stock_data = obb.equity.price.historical(symbol='TSLA', start_date='2023-01-01', provider='fmp')
fib_data = obb.technical.fib(data=stock_data.results, period=120)
obb.technical.fib(data=[{'date': '2023-01-02', 'open': 110.0, 'high': 120.0, 'low': 100.0, 'close': 115.0, 'volume': 10000.0}, {'date': '2023-01-03', 'open': 165.0, 'high': 180.0, 'low': 150.0, 'close': 172.5, 'volume': 15000.0}, {'date': '2023-01-04', 'open': 146.67, 'high': 160.0, 'low': 133.33, 'close': 153.33, 'volume': 13333.33}, {'date': '2023-01-05', 'open': 137.5, 'high': 150.0, 'low': 125.0, 'close': 143.75, 'volume': 12500.0}, {'date': '2023-01-06', 'open': 132.0, 'high': 144.0, 'low': 120.0, 'close': 138.0, 'volume': 12000.0}])

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Parameters

Name	Type	Description	Default	Optional
data	List[Data]	List of data to apply the indicator to.		False
index	str, optional	Index column name, by default "date"		False
period	PositiveInt, optional	Period to calculate the indicator, by default 120		False

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Returns

OBBject
    results : List[Data]
        List of data with the indicator applied.