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MotiveWave also has more advanced Fibonacci tools available in the Advanced Fibonacci Add-On Module, which can be added on to our lower editions. Or, the advanced Fibonacci tools are all included in our Professional and Ultimate Editions. MotiveWave also has Time and Ratio Analysis for use with Elliott Wave (included with our Add-On Elliott Wave Modules for our lower editions and in the Ultimate Edition).
MotiveWave measures and calculates the Fibonacci projections and retracement levels for you, as well as Time and Price projections (like Wave 2 vs. 1 or Wave 4 vs. 2). You can easily use these with our Elliott Wave tools. You can also customize the ratios and levels that you see.
Fibonacci Tools in MotiveWave:
- Retracement, Extension, Expansion (in all of our editions)
- Circles, Arcs, Half Arcs, Wedges
- Fib Box, Fib Grid, Fib Bars
- Ratio, Range, Price Range, Time Range, Ratio Timeline, Number Timeline
- Channel Retrace and Extension
- Regression Retrace, Extension, Fan, Circle, Arc, and Half Arc
- Fork Ratio Top, Bottom, and Center
About Fibonacci Numbers
Leonardo Pisano Bogollo, nicknamed Leonardo Fibonacci, was an Italian mathematician who lived between 1170 and 1250. The Fibonacci numbers were actually discovered hundreds of years before in India, but Leonardo Fibonacci made them famous. The Fibonacci numbers are actually a Fibonacci Sequence of numbers, where each number is found by adding the two previous numbers: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, etc.
Even more surprising, when you take any two consecutive numbers in the Fibonacci Sequence, their ratio is very close to 1.618034, which is called the Golden Ratio. As the numbers get higher, the ratio gets closer and closer to the exact Golden Ratio calculation.