How to Draw Fibonacci Expansion Indicator Tool on MetaTrader 4 Stock Indices Charts

How to Add Fibonacci Expansion Indicator Tool on MetaTrader 4

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

1. MT4 Line Studies ToolBar - How Do I Draw Fibonacci Expansion Levels on MetaTrader 4?

How to Draw Fibonacci Extension on MT4

2. Customize Line Studies Toolbar - How to Draw Fibonacci Expansion Levels on MetaTrader 4

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

How to Draw Fibonacci Expansion Indicator on MT4

3. Place This Fibonacci Expansion Tool on MetaTrader 4 - How to Draw Fibonacci Expansion Indicator Tool on MetaTrader 4 Indices Charts

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

Place Fibonacci Expansion Tool on MT4 - How to Draw Fibonacci Expansion Indicator Tool on MetaTrader 4 Stock Indices Charts

4. Fibonacci Expansion Indicator Added - How to Add Fibonacci Expansion Tool on MetaTrader 4

How to Add Fibonacci Expansion Tool on MetaTrader 4

How Do I Draw Fibonacci Expansions?

A indices trader can then select the Fibonacci Expansion Indicator Tool shown above on the MetaTrader 4 platform and then use this Fibonacci Expansion tool to place this indicator on the stock indices chart and use this Fibonacci Expansion tool to determine the Fibonacci Expansion Levels on the stock indices charts.