How Do You Use Fib Retracement Areas on MetaTrader 4?

How Do You Use Fib Retracement Areas on MetaTrader 4?

Procedure on how to use Fibonacci Retracement Areas Indicator in MetaTrader 4 is described below:

Fibonacci Retracement Areas Technical Indicator in the MT4 platform will automatically draw the forex price pullback areas on chart once this Fibo retracement levels indicator is placed on chart.

To add this Fib Retracement Levels indicator on the MT4 platform, you can use the following MetaTrader 4 shortcut method:

1. Click Insert 2. Click Fib 3. Click Retracement

How Do I Use Fib Retracement Areas on MT4?

After adding Fib Retracement Areas Technical Indicator in the MT4 platform this forex tool can then be accessed from 'MetaTrader 4 Line Studies Tool Bar' as shown on the forex example below.

How Do You Use Fibonacci Retracement Areas on MT4?

This Fib Retracement zones forex tool is located on MT4 (Line Studies Tool Bar) - to go to this MT4 line studies tool bar click 'View' at the tops left corner of MT4 platform software adjacent to file, then click 'Tool-Bars' - Then Check 'Line Studies'.

How Do I Use Fib Retracement Areas in MetaTrader 4?