Fibonacci Arcs

Fibonacci Arcs are the technical analysis tools composed of a Base Line and three curved lines extending out from a trend line on FinancialChart. These arcs enable traders to predict resistance or reversal zones for counter trend bounce situations after decline. A small change in price over a short time period produces narrow arcs with a short Base Line; a big price move over a long time period produces wide arcs with a long Base Line.

To create Fibonacci Arcs a Base Line is drawn through two points, the high (peak) and the low (trough), in a given period. Arcs are drawn intersecting this base line at key Fibonacci levels 38.2%, 50%, and 61.8%. In contrast with Fibonacci Retracements, which are concerned only with change in price, Fibonacci Arcs consider time element too.

To use Fibonacci Arcs tool in FinancialChart, add the control to your application, and bind it to an appropriate data source or populate data in it through Quote Collection. ItemsSource object enables data binding or populating data in FinancialChart.

Fibonacci class exposes Uptrend property. Creating object of FibonacciArcs class enables Fibonacci arcs in a chart. Additionally, the FibonacciArcs class exposes StartX, EndX, StartY, and EndY properties. Based on the values of these properties, curves are plotted on FinancialChart.

Fibonacci-Arcs

The following example considers stock data for a company Box Inc. over a period of time and plots curves on the same financial chart, as shown in the image above. The example uses data from a json file, and DataService.cs class is created to access this json file.

Make sure that Build Action property of the json file is set to Embedded Resource.


                        <Window
        xmlns="http://schemas.microsoft.com/winfx/2006/xaml/presentation"
        xmlns:x="http://schemas.microsoft.com/winfx/2006/xaml"
        xmlns:d="http://schemas.microsoft.com/expression/blend/2008"
        xmlns:mc="http://schemas.openxmlformats.org/markup-compatibility/2006"
        xmlns:local="clr-namespace:Fibonacci"
        xmlns:c1="http://schemas.componentone.com/winfx/2006/xaml" 
        x:Class="Fibonacci.MainWindowArcs"
        mc:Ignorable="d"
        Title="FibonacciArcs" 
        DataContext="{Binding RelativeSource={RelativeSource Mode=Self}}"
        Height="300" Width="300">
    
    <Grid>
        <c1:C1FinancialChart x:Name="financialChart" 
                             ItemsSource="{Binding Data}" 
                             BindingX="Date" 
                             ChartType="Line" 
                             ToolTipContent="{}{seriesName}&#x000A;{Date} {y}">
            <c1:FinancialSeries Binding="High,Low,Open,Close" 
                                ChartType="Line" 
                                SeriesName="Box Inc."/>
            <c1:FibonacciArcs x:Name="Arcs"
                            Binding="Close"
                            StartX="46"
                            StartY="19.75"
                            EndX="54"
                            EndY="17.1">
                <c1:FibonacciArcs.Style>
                    <c1:ChartStyle Stroke="Green" />
                </c1:FibonacciArcs.Style>
            </c1:FibonacciArcs>
            
            <c1:C1FinancialChart.AxisX>
                <c1:Axis LabelAngle="45" MajorUnit="3"/>
            </c1:C1FinancialChart.AxisX>
            </c1:C1FinancialChart>
    </Grid>
</Window>

Make sure to add the following references in DataService.cs:

System.Collections.Generic
System.Linq
System.Runtime.Serialization.Json
System.Reflection

DATASERVICE

Public Class DataService
    Public Function GetData() As List(Of Quote)
        Dim path As String = "FibonacciVB.Resources.box.json"
        'Replace FibonacciVB by your application name       
        Dim stream = Assembly.GetExecutingAssembly().GetManifestResourceStream(path)
        Dim ser = New DataContractJsonSerializer(GetType(Quote()))
        Dim data = DirectCast(ser.ReadObject(stream), Quote())
        Return data.ToList()
    End Function
    Shared _ds As DataService
    Public Shared Function GetService() As DataService
        If _ds Is Nothing Then
            _ds = New DataService()
        End If
        Return _ds
    End Function
End Class

csharp

public class DataService
{
    public List<Quote> GetData()
    {
        string path = "Fibonacci.Resources.box.json";
        //Replace Fibonacci by your application name       
        var stream = Assembly.GetExecutingAssembly().GetManifestResourceStream(path);
        var ser = new DataContractJsonSerializer(typeof(Quote[]));
        var data = (Quote[])ser.ReadObject(stream);
        return data.ToList();
    }
    static DataService _ds;
    public static DataService GetService()
    {
        if (_ds == null)
            _ds = new DataService();
        return _ds;
    }
}
[DataContract]
public class Quote
{
    [DataMember(Name = "date")]
    public string Date { get; set; }
    [DataMember(Name = "high")]
    public double High { get; set; }
    [DataMember(Name = "low")]
    public double Low { get; set; }
    [DataMember(Name = "open")]
    public double Open { get; set; }
    [DataMember(Name = "close")]
    public double Close { get; set; }
    [DataMember(Name = "volume")]
    public double Volume { get; set; }
}

Json Data

[
    { "date": "01/23/15", "open": 20.2, "high": 24.73, "low": 20.16, "close": 23.23, "volume": 42593223 }, 
    { "date": "01/26/15", "open": 23.67, "high": 24.39, "low": 22.5, "close": 22.6, "volume": 8677164 }, 
    { "date": "01/27/15", "open": 22, "high": 22.47, "low": 21.17, "close": 21.3, "volume": 3272512 }, 
    { "date": "01/28/15", "open": 21.62, "high": 21.84, "low": 19.6, "close": 19.78, "volume": 5047364 }, 
    { "date": "01/29/15", "open": 19.9, "high": 19.95, "low": 18.51, "close": 18.8, "volume": 3419482 }, 
    { "date": "01/30/15", "open": 18.47, "high": 19.48, "low": 18.22, "close": 18.81, "volume": 2266439 }, 
    { "date": "02/02/15", "open": 19.18, "high": 19.3, "low": 18.01, "close": 18.02, "volume": 2071168 }, 
    { "date": "02/03/15", "open": 18.22, "high": 18.64, "low": 18.12, "close": 18.24, "volume": 1587435 }, 
    { "date": "02/04/15", "open": 18.2, "high": 18.35, "low": 17, "close": 17.1, "volume": 2912224 }, 
    { "date": "02/05/15", "open": 17.3, "high": 17.31, "low": 16.41, "close": 16.66, "volume": 2682187 }, 
    { "date": "02/06/15", "open": 17.39, "high": 18.88, "low": 17.21, "close": 18.12, "volume": 3929164 }, 
    { "date": "02/09/15", "open": 18.86, "high": 19.95, "low": 18.45, "close": 19.6, "volume": 3226650 }, 
    { "date": "02/10/15", "open": 20.5, "high": 21, "low": 19.63, "close": 20.99, "volume": 2804409 }, 
    { "date": "02/11/15", "open": 20.89, "high": 21, "low": 20.2, "close": 20.96, "volume": 1698365 }, 
    { "date": "02/12/15", "open": 20.66, "high": 20.85, "low": 19.75, "close": 20.17, "volume": 1370320 }, 
    { "date": "02/13/15", "open": 20.19, "high": 20.68, "low": 20, "close": 20.18, "volume": 711951 }, 
    { "date": "02/17/15", "open": 19.5, "high": 20.1, "low": 18.8, "close": 19.05, "volume": 2093602 }, 
    { "date": "02/18/15", "open": 18.31, "high": 18.5, "low": 17.96, "close": 18, "volume": 1849490 }, 
    { "date": "02/19/15", "open": 18.33, "high": 19.25, "low": 17.91, "close": 18.96, "volume": 1311518 }, 
    { "date": "02/20/15", "open": 18.68, "high": 19.3, "low": 18.65, "close": 18.85, "volume": 1001692 }, 
    { "date": "02/23/15", "open": 18.8, "high": 18.89, "low": 18.11, "close": 18.21, "volume": 670087 }, 
    { "date": "02/24/15", "open": 18.46, "high": 19, "low": 18.27, "close": 18.83, "volume": 759263 }, 
    { "date": "02/25/15", "open": 18.83, "high": 19.48, "low": 18.47, "close": 18.67, "volume": 915580 }, 
    { "date": "02/26/15", "open": 18.64, "high": 19.2, "low": 18.64, "close": 18.94, "volume": 461283 }, 
    { "date": "02/27/15", "open": 18.8, "high": 19.12, "low": 18.55, "close": 18.66, "volume": 617199 }, 
    { "date": "03/02/15", "open": 18.66, "high": 19.09, "low": 18.65, "close": 18.79, "volume": 519605 }, 
    { "date": "03/03/15", "open": 18.79, "high": 19.21, "low": 18.45, "close": 18.59, "volume": 832415 }, 
    { "date": "03/04/15", "open": 18.64, "high": 19.05, "low": 18.32, "close": 19, "volume": 539688 }, 
    { "date": "03/05/15", "open": 19.2, "high": 19.2, "low": 18.8, "close": 19.14, "volume": 486149 }, 
    { "date": "03/06/15", "open": 19.03, "high": 19.1, "low": 18.7, "close": 18.91, "volume": 685659 }, 
    { "date": "03/09/15", "open": 18.98, "high": 20.15, "low": 18.96, "close": 19.4, "volume": 1321363 }, 
    { "date": "03/10/15", "open": 19.3, "high": 19.8, "low": 18.85, "close": 19.64, "volume": 615743 }, 
    { "date": "03/11/15", "open": 20.08, "high": 20.65, "low": 19.24, "close": 20.53, "volume": 2167167 }, 
    { "date": "03/12/15", "open": 17.17, "high": 18.2, "low": 16.76, "close": 18.2, "volume": 6837638 }, 
    { "date": "03/13/15", "open": 18.05, "high": 18.05, "low": 17.3, "close": 17.88, "volume": 1715629 }, 
    { "date": "03/16/15", "open": 17.91, "high": 18, "low": 17.01, "close": 17.13, "volume": 1321313 }, 
    { "date": "03/17/15", "open": 17.28, "high": 17.37, "low": 16.6, "close": 17.12, "volume": 1272242 }, 
    { "date": "03/18/15", "open": 17.1, "high": 17.27, "low": 16.91, "close": 17.01, "volume": 530063 }, 
    { "date": "03/19/15", "open": 17, "high": 17.28, "low": 17, "close": 17.06, "volume": 536427 }, 
    { "date": "03/20/15", "open": 17.13, "high": 17.24, "low": 16.88, "close": 17.21, "volume": 1320237 }, 
    { "date": "03/23/15", "open": 17.21, "high": 17.23, "low": 17.01, "close": 17.11, "volume": 509798 }, 
    { "date": "03/24/15", "open": 17.02, "high": 17.18, "low": 16.82, "close": 17, "volume": 962149 }, 
    { "date": "03/25/15", "open": 16.92, "high": 16.99, "low": 16.82, "close": 16.97, "volume": 565673 }, 
    { "date": "03/26/15", "open": 16.83, "high": 17.56, "low": 16.83, "close": 17.54, "volume": 884523 }, 
    { "date": "03/27/15", "open": 17.58, "high": 18.3, "low": 17.11, "close": 18.3, "volume": 705626 }, 
    { "date": "03/30/15", "open": 18.5, "high": 19.4, "low": 18.4, "close": 19.05, "volume": 1151620 }, 
    { "date": "03/31/15", "open": 19.08, "high": 20.58, "low": 18.4, "close": 19.75, "volume": 2020679 }, 
    { "date": "04/01/15", "open": 19.69, "high": 19.69, "low": 18.55, "close": 18.65, "volume": 961078 }, 
    { "date": "04/02/15", "open": 18.56, "high": 18.66, "low": 17.85, "close": 17.9, "volume": 884233 }, 
    { "date": "04/06/15", "open": 17.78, "high": 17.94, "low": 17.51, "close": 17.66, "volume": 605252 }, 
    { "date": "04/07/15", "open": 17.62, "high": 17.9, "low": 17.53, "close": 17.61, "volume": 591988 }, 
    { "date": "04/08/15", "open": 17.64, "high": 17.85, "low": 17.32, "close": 17.36, "volume": 618855 }, 
    { "date": "04/09/15", "open": 17.33, "high": 17.54, "low": 17.1, "close": 17.1, "volume": 761855 }, 
    { "date": "04/10/15", "open": 17.08, "high": 17.36, "low": 17, "close": 17.05, "volume": 568373 }, 
    { "date": "04/13/15", "open": 17.24, "high": 17.26, "low": 16.81, "close": 17.1, "volume": 667142 }, 
    { "date": "04/14/15", "open": 17.1, "high": 17.89, "low": 17.02, "close": 17.52, "volume": 870138 }, 
    { "date": "04/15/15", "open": 17.6, "high": 17.99, "low": 17.5, "close": 17.69, "volume": 530456 }, 
    { "date": "04/16/15", "open": 17.95, "high": 18, "low": 17.6, "close": 17.82, "volume": 548730 }, 
    { "date": "04/17/15", "open": 17.75, "high": 17.79, "low": 17.5, "close": 17.79, "volume": 446373 }, 
    { "date": "04/20/15", "open": 17.63, "high": 17.98, "low": 17.52, "close": 17.93, "volume": 487017 }, 
    { "date": "04/21/15", "open": 17.96, "high": 17.98, "low": 17.71, "close": 17.92, "volume": 320302 }, 
    { "date": "04/22/15", "open": 17.88, "high": 18.33, "low": 17.57, "close": 18.29, "volume": 644812 }, 
    { "date": "04/23/15", "open": 18.29, "high": 18.61, "low": 18.18, "close": 18.28, "volume": 563879 }, 
    { "date": "04/24/15", "open": 18.5, "high": 18.5, "low": 17.61, "close": 17.75, "volume": 650762 }, 
    { "date": "04/27/15", "open": 17.97, "high": 18.05, "low": 17.45, "close": 17.57, "volume": 437294 }, 
    { "date": "04/28/15", "open": 17.65, "high": 17.79, "low": 17.39, "close": 17.5, "volume": 224519 }, 
    { "date": "04/29/15", "open": 17.68, "high": 17.68, "low": 17.1, "close": 17.21, "volume": 495706 }, 
    { "date": "04/30/15", "open": 17.22, "high": 17.3, "low": 17, "close": 17.11, "volume": 391040 }, 
    { "date": "05/01/15", "open": 17.11, "high": 17.55, "low": 16.85, "close": 17.5, "volume": 563075 }, 
    { "date": "05/04/15", "open": 17.56, "high": 17.85, "low": 17.3, "close": 17.4, "volume": 253138 }, 
    { "date": "05/05/15", "open": 17.68, "high": 17.68, "low": 17.09, "close": 17.43, "volume": 290935 }, 
    { "date": "05/06/15", "open": 17.48, "high": 17.48, "low": 17, "close": 17.04, "volume": 313662 }, 
    { "date": "05/07/15", "open": 17.05, "high": 17.19, "low": 16.92, "close": 17.04, "volume": 360284 }, 
    { "date": "05/08/15", "open": 17.13, "high": 17.21, "low": 16.91, "close": 17.1, "volume": 297653 }, 
    { "date": "05/11/15", "open": 17.16, "high": 17.44, "low": 17.13, "close": 17.31, "volume": 268504 }, 
    { "date": "05/12/15", "open": 17.28, "high": 17.44, "low": 16.99, "close": 17.24, "volume": 376961 }, 
    { "date": "05/13/15", "open": 17.24, "high": 17.3, "low": 17.06, "close": 17.2, "volume": 244617 }, 
    { "date": "05/14/15", "open": 17.24, "high": 17.25, "low": 17.02, "close": 17.08, "volume": 252526 }, 
    { "date": "05/15/15", "open": 17.06, "high": 17.16, "low": 16.95, "close": 16.95, "volume": 274783 }, 
    { "date": "05/18/15", "open": 16.95, "high": 17.01, "low": 16.76, "close": 16.87, "volume": 418513 }, 
    { "date": "05/19/15", "open": 16.93, "high": 16.94, "low": 16.6, "close": 16.83, "volume": 367660 }, 
    { "date": "05/20/15", "open": 16.8, "high": 16.9, "low": 16.65, "close": 16.86, "volume": 297914 }, 
    { "date": "05/21/15", "open": 16.9, "high": 17.08, "low": 16.79, "close": 16.88, "volume": 229346 }, 
    { "date": "05/22/15", "open": 16.9, "high": 17.05, "low": 16.85, "close": 17, "volume": 253279 }, 
    { "date": "05/26/15", "open": 17.03, "high": 17.08, "low": 16.86, "close": 17.01, "volume": 212640 }, 
    { "date": "05/27/15", "open": 17.01, "high": 17.99, "low": 16.87, "close": 17.75, "volume": 857109 }, 
    { "date": "05/28/15", "open": 17.77, "high": 17.77, "low": 17.44, "close": 17.62, "volume": 338482 }
]

Make sure to add the following references in code view:

System.Collections.Generic
System.Windows
System.Runtime.Serialization

vbnet

<DataContract>
Public Class Quote
    <DataMember(Name:="date")>
    Public Property [Date]() As String
        Get
            Return m_Date
        End Get
        Set
            m_Date = Value
        End Set
    End Property
    Private m_Date As String
    <DataMember(Name:="high")>
    Public Property High() As Double
        Get
            Return m_High
        End Get
        Set
            m_High = Value
        End Set
    End Property
    Private m_High As Double
    <DataMember(Name:="low")>
    Public Property Low() As Double
        Get
            Return m_Low
        End Get
        Set
            m_Low = Value
        End Set
    End Property
    Private m_Low As Double
    <DataMember(Name:="open")>
    Public Property Open() As Double
        Get
            Return m_Open
        End Get
        Set
            m_Open = Value
        End Set
    End Property
    Private m_Open As Double
    <DataMember(Name:="close")>
    Public Property Close() As Double
        Get
            Return m_Close
        End Get
        Set
            m_Close = Value
        End Set
    End Property
    Private m_Close As Double
    <DataMember(Name:="volume")>
    Public Property Volume() As Double
        Get
            Return m_Volume
        End Get
        Set
            m_Volume = Value
        End Set
    End Property
    Private m_Volume As Double
End Class
''' Interaction logic for Arcs.xaml
Partial Public Class Arcs
    Inherits Window
    Private dataService As DataService = dataService.GetService()
    Public Sub New()
        InitializeComponent()
    End Sub
    Public ReadOnly Property Data() As List(Of Quote)
        Get
            Return dataService.GetData()
        End Get
    End Property
End Class

csharp

[DataContract]
public class Quote
{
    [DataMember(Name = "date")]
    public string Date { get; set; }
    [DataMember(Name = "high")]
    public double High { get; set; }
    [DataMember(Name = "low")]
    public double Low { get; set; }
    [DataMember(Name = "open")]
    public double Open { get; set; }
    [DataMember(Name = "close")]
    public double Close { get; set; }
    [DataMember(Name = "volume")]
    public double Volume { get; set; }
}
public partial class MainWindowArcs : Window
{
    DataService dataService = DataService.GetService();
    public MainWindowArcs()
    {
        InitializeComponent();
    }
    public List<Quote> Data
    {
        get
        {
            return dataService.GetData();
        }
    }
}

Fibonacci Arcs

See Also