How to Draw Fibonacci Extension on MetaTrader 4
How Do You Draw XAUUSD Trading Fib Extensions?
Steps: Fibonacci Extension Levels tool is not displayed by default in MT4 settings, if the Fibonacci Extension Technical Indicator Tool does not appear on your MT4 software, (no need to download this Fibonacci Extension technical indicator) then locate the "MetaTrader 4 Line Studies Toolbar" shown below and follow the steps below to add the Fibonacci Extension Levels Indicator on MT4:
1. MT4 Line Studies ToolBar - How Do You Draw Fibonacci Extension 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 Extension Levels on MT4
Right click the Customize button key (illustrated and shown below) >>> A drop-down menu appears, Select Customize >>>
Customize Line Studies Toolbar - How to Draw Fibonacci Extension Indicator on MT4
3. Place This Fibonacci Extension Tool on MT4 - How to Draw Fibonacci Extension Gold Indicator Tool on MT4 XAUUSD Charts
Select the Fibonacci Extension Indicator tool from the pop up window which will then appear >>> Click Insert button key >>> Click Close. (Shown Below)
Place Fibonacci Extension Tool on MT4 - How to Draw Fibonacci Extension Gold Indicator Tool on MT4 Gold Charts
4. Fibonacci Extension Technical Indicator Added - How to Add Fibonacci Extension Tool on MT4
Fibonacci Extension Technical Indicator Added - How to Add Fibonacci Extension Tool on MT4
How Do You Draw XAUUSD Trading Fib Extensions?
A trader can then select the Fibonacci Extension Technical Indicator Tool shown above on the MT4 platform and then use this Fibonacci Extension tool to place this indicator on the gold chart & use this Fibonacci Extension tool to determine the Fibonacci Extension Levels on the gold charts.
