fib
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}])
Parameters
- standard
| 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 |
Returns
OBBject
results : List[Data]
List of data with the indicator applied.