How to Create Fibonacci Calculator in Excel: 8 Methods

Method 1 – Insert Format of Fibonacci Calculator

  • Insert a format of the calculator.
  • We have our format for the Up Trend.

Step-by-Step Procedures to Create Fibonacci Calculator in Excel


Method 2 – Add Retracements and Extensions in the Calculator

  • Add Retracements and Extensions in the format of the calculator.
  • The common Fibonacci ratios are 23.6%, 38.2%, 50%, 61.8%, 78.6%, 100%, and 123.20%.
  • Add Retracements accordingly.
  • Add Extensions to the calculator.

Step-by-Step Procedures to Create Fibonacci Calculator in Excel


Method 3 – Link Between Cells to Create Calculator

  • Link between input and output in the calculator.
  • Link between Retracement and Extension cells and input cells.
  • High and Low are our input.
  • Write the following formula in the F5 cell:

=$C$6-$C$8*E5

  • Press Enter to exit from the editing mode.

Step-by-Step Procedures to Create Fibonacci Calculator in Excel

Here, $C$6-$C$8*E5 indicates that we will use the formula for a specific Retracement that is High Value – Net Up*Retracement.

  • Drag down the formula in the Retracements column using the following (+) icon.

  • The formula is applied to the column.
  • The column is showing the value 0 as we have not inserted the input value yet.

  • Write the following formula in the I5 cell:

=$C$6+$C$8*H5

  • Press Enter to exit from the editing mode.

Here, $C$6+$C$8*H5 indicates that we will use the formula for a specific Extension that is High value + Net Up*Extension.

  • Drag down the formula in the Extensions column using the Fill Handle.

Step-by-Step Procedures to Create Fibonacci Calculator in Excel

  • The formula is now inserted into the Extensions column.
  • The result is showing 0 as we have not inserted the value in the input.

  • You need the value of Net Up.
  • You need to calculate the value of Net Up.
  • Write the following formula in the C8 cell:

=C6-C7

  • Click Enter to proceed.


Method 4 – Insert Format for Down Trend

  • For the Down Trend, we will add Retracements and Extensions.

Step-by-Step Procedures to Create Fibonacci Calculator in Excel

  • Write down the formula to calculate Retracements for the Down Trend.
  • Write down the following formula in the F14 cell:

=$C$16+$C$17*E14

Here, $C$16+$C$17*E14 indicates that we are using the formula for a specific Down Trend’s Retracement which is Low Value + Net Down*Retracement.

  • Drag down the formula in the Retracements column using the Fill Handle.

  • Write down the formula to calculate Extensions for the Down Trend.
  • Write down the following formula in the I14 cell:

=$C$16-$C$17*H14

Step-by-Step Procedures to Create Fibonacci Calculator in Excel

Here, $C$16-$C$17*H14 indicates that we are using the formula for a specific Down Trend’s Extension that is Low Value – Net Down*Extension.

  • Drag down the formula in the Extensions column using the Fill Handle.

  • You don’t want to insert the input 2 times.
  • Insert the input for a single time and show the output for Up and Down Trend’s Retracements and Extensions.
  • Create a link between the inputs of Up Trend and Down Trend.
  • In the C15 cell, insert the following formula in the formula bar:

=C6

  • Press Enter to exit from the editing mode.
  • The insert in the C6 cell is the input will show in the C15 cell.

  • Drag down the formula using the Fill Handle to link the Low and Net values.


Method 5 – Final Output

  • The Fibonacci Calculator is ready.
  • Insert the input in the C6 and C7 cells.
  • Inserting the High value in C6 and the Low value in C7 will show the result.

Step-by-Step Procedures to Create Fibonacci Calculator in Excel

  • Insert the High value as 100 and the Low value as 50.
  • Retracements and Extensions for Up and Down Trends are showing.

  • Check for another value.
  • Insert the High value as 100 and the Low value as 50.
  • Retracements and Extensions for Up and Down Trends are showing.


How to Generate Fibonacci Sequence in Excel

Method 6 – Insert Initial Sequence of Fibonacci Number

  • Ggive input the first 2 numbers of the Fibonacci sequence.
  • The first 2 numbers of the Fibonacci sequence are 0 and 1.
  • In cell C5, insert the number 0.
  • This indicates that 1st number of the Fibonacci series is 0.
  • In the C6 cell, give the input as 1.
  • It indicates that the 2nd number of the Fibonacci series is 1.

Step-by-Step Procedures to Create Fibonacci Calculator in Excel


Method 7 – Apply Formula to Calculate Next Sequence

  • We will calculate the 3rd number of the sequence.
  • Insert the following formula in the formula bar of the C7 cell.
=C5+C6
  • We can see the 3rd serial of the Fibonacci sequence.

Step-by-Step Procedures to Create Fibonacci Calculator in Excel

  • Instead of inserting the serial number manually, we can also generate the Serial column in Excel.
  • Write down the following formula in the B8 cell to sequentially increase the Serial column:
=B7+1

  • Dag down the formula in the Serial column using the following (+) icon to generate the serial number.

  • Drag down the formula of the Fibonacci sequence in the Fibonacci Number column.


Method 8 – Final Output

  • With the drag down option, you can extend the sequence as per your requirements.

Step-by-Step Procedures to Create Fibonacci Calculator in Excel


Download Practice Workbook

To practice by yourself, download the following workbook.


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Sudipta Chandra Sarker
Sudipta Chandra Sarker

Sudipta Chandra Sarker, BSc, Electrical and Electronic Engineering, Bangladesh University of Engineering and Technology, Bangladesh, has worked on the ExcelDemy project for over a year. For ExcelDemy, he has authored 42 articles and reviewed over ten articles. He is employed as a junior software developer at the moment. He aims to create various useful Microsoft Office Add-ins, extending the functionality of Office programs. His interests span Microsoft Office Suites, Data Science, VBA, VB.NET, ASP.NET, C#, Excel, and Desktop... Read Full Bio

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