How to Set Up Fibonacci Extension Levels on MT4

Setting up Fibonacci Extension Levels on MetaTrader 4

The steps below explain how to setup Fibonacci Extension Levels, how to use this Fibonacci Extension Levels tool and how to trade with Fibonacci Extension Tool.

How to Setup Fibonacci Extension Levels Tool on MetaTrader 4

Steps: Fibonacci Extension Levels tool is not displayed by default in MetaTrader 4 settings, if the Fibonacci Extension Levels Tool does not appear on your MetaTrader 4 platform, (no need to download this Fibonacci Extension Levels indicator) then locate the "MT4 Line Studies Toolbar" shown below and follow the steps below to set the Fibonacci Extension Levels Tool:

1. MT4 Line Studies ToolBar - How Do I Set Up Fibonacci Extension Levels on MetaTrader 4?

MT4 Line Studies ToolBar - How Do I Set Up Fibonacci Extension Levels on MetaTrader 4?

2. Customize Line Studies Toolbar - How to Set Up Fibonacci Extension Levels on MT4

Right click the Customize button (shown below) >> A drop down menu appears, Select Customize >>

How to Set Up Fibonacci Extension Levels on MT4

3. Place This Tool on MT4 - Indices Trading Step by Step Guide on How to Setup Fibonacci Extension Indicator on MetaTrader 4

Select the Fibonacci Extension tool from the popup window that will then appear >> Click Insert button >> Click Close. (Shown Below)

Indices Trading Step by Step Guide on How to Setup Fibonacci Extension Indicator on MetaTrader 4

4. Fibonacci Extension Tool Added - Setup Fibonacci Extension Tool on MetaTrader 4

Setup Fibonacci Extension Tool on MetaTrader 4