How Do I Use Fibonacci Retracement Levels in MT5?

How Do You Use Fibonacci Retracement Levels in MT5?

Procedure on how to use Fib Retracement Areas Indicator in MT5 is explained below:

Fib Retracement Areas Indicator in the MetaTrader 5 platform will automatically draw the forex price retracement areas on a chart once this Fibo retracement levels indicator is placed on chart.

To add this Fibonacci Retracement Levels indicator in the MetaTrader 5 platform, you can use the following MT5 platform shortcut method:

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

How Do You Use Fib Retracement Levels on MT5?

After adding Fibonacci Retracement Areas Indicator in the MetaTrader 5 platform this forex tool can then be accessed from 'MT5 Line Studies Tool Bar' as shown on the forex trading example below.

How Do You Use Fib Retracement Levels on MT5?

This Fibonacci Retracement levels forex trading tool is located on MT5 platform (Line Studies Tool Bar) - to go to this MT5 line studies tool bar click 'View' at the tops left corner of MT5 next to file, then click 'Tool-Bars' - Then Check 'Line Studies'.

How Do I Use Fib Retracement Levels on MT5?