How to Draw Fibonacci Expansion on MetaTrader 4

How Do You Draw XAUUSD Trading Fib Expansions?

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

1. MT4 Line Studies ToolBar - How Do You Draw Fibonacci Expansion Levels on MT4?

How to Draw XAUUSD Fib Extension on MT4 - How to Draw Fibonacci Extension on MetaTrader 4

2. Customize Line Studies Toolbar - How to Draw Fibonacci Expansion Levels in MT4

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

Customize Line Studies Toolbar - How to Draw Fibonacci Expansion Indicator on MetaTrader 4

3. Place This Fibonacci Expansion Tool in MT4

Select the Fibo Expansion Technical Indicator tool from the pop up window panel which will then appear >>> Click Insert button key >>> Click Close. (Shown Below)

Place Fibonacci Expansion Tool in MetaTrader 4 - How to Draw Fibonacci Expansion Gold Indicator Tool on MT4 Gold Charts

4. Fibonacci Expansion Indicator Added - How to Add Fibonacci Expansion Tool in MT4

Fibonacci Expansion Indicator Added - How to Add Fibonacci Expansion Tool in MT4

How Do You Draw XAUUSD Trading Fib Expansions?

A trader can then select the Fibonacci Expansion Indicator Tool shown above on the MT4 platform and then use this Fibonacci Expansion tool to place this indicator on the gold chart & use this Fibonacci Expansion tool to determine the Fibonacci Expansion Levels on the gold charts.