How To Compute Fibonacci Retracements using Python?

@heather_fritsch 

To compute Fibonacci retracements using Python, you can follow these steps:

1. Install the numpy library if you haven't already. You can do this by running the following command in your terminal:

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pip install numpy

1. Create a Python script and import the numpy library:

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import numpy as np

1. Define a function that calculates the Fibonacci retracement levels. You can use the following code snippet:

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def fibonacci_retracements(start_price, end_price):
    levels = [0, 0.236, 0.382, 0.5, 0.618, 0.786]
    diff = end_price - start_price
    retracement_levels = [end_price - diff * level for level in levels]
    return retracement_levels

1. Call the fibonacci_retracements function with the start and end prices of the asset you are analyzing. For example, if the start price is 100 and the end price is 200, you can calculate the Fibonacci retracement levels as follows:

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start_price = 100
end_price = 200
retracement_levels = fibonacci_retracements(start_price, end_price)
print(retracement_levels)

This will output the Fibonacci retracement levels based on the start and end prices you provided.

You can further customize the Fibonacci levels or add additional levels based on your requirements. This is a basic implementation to get you started with computing Fibonacci retracements using Python.