How to Draw Fib Expansion on MT4 - How to Draw Fib Expansion on MT4 Charts

How to Add Fibonacci Expansion Indicator Tool on MT4 - Fibonacci Expansions

Steps: Fibo Expansion Levels tool is not displayed by default in MT4 settings, if the Fibonacci Expansion Indicator Tool is not shown on your MetaTrader 4 platform, (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. MetaTrader 4 Line Studies ToolBar - How Do You Draw Fibonacci Expansion Levels on MT4?

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

2. Customize Line Studies Tool Bar - How to Draw Fibonacci Expansion Levels in MetaTrader 4

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

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

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

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

Place Fibo Expansion Tool in MetaTrader 4 - How to Draw Fibonacci Expansion Indicator in MetaTrader 4 Charts

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

Fibonacci Expansion Indicator Added - How to Add Fibonacci Expansion Tool in MetaTrader 4

How Do You Draw Forex 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 forex chart & use this Fibonacci Expansion tool to determine the Fibonacci Expansion Levels on the forex trading charts.