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

How to Add Fibonacci Extension Indicator Tool on MetaTrader 4

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

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

How to Draw Indices Trading Fib Extension on MT4 - How to Draw Fibonacci Extension on MetaTrader 4

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

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

How to Draw Fibonacci Extension Indicator on MetaTrader 4

3. Place This Fibonacci Extension Tool on MT4 - How to Draw Fibonacci Extension Indicator Tool on MetaTrader 4 Indices Charts

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

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

4. Fibonacci Extension Indicator Added - How to Add Fibonacci Extension Tool on MT4

How to Add Fibonacci Extension Tool on MT4

How Do I Draw Fibonacci Extensions?

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