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Placing Fibonacci Lines On MetaTrader 4 Forex Platform

The fifth option on the MetaTrader 4 Forex platform insert menu is Fibonacci Lines. The Fibonacci Lines Button has the following sub menu buttons shown below:

How to Place Fibonacci Lines On MetaTrader 4 Forex Platform - Placing Fibonacci Lines On MetaTrader 4 Forex Trading Platform - Fibonacci Expansion Forex Trading Indicator - Fibonacci Retracement Forex Trading Indicator - Fibonacci Fan Forex Technical Indicator - Fibonacci Line Forex Technical Indicator - Fibonacci Arcs Forex Trading Indicator - Fibonacci Time Zones

Fibonacci Forex on MetaTrader 4 Forex Trading Software


Fibonacci Lines


  1. Fibonacci Retracement
  2. Fibonacci Time Zones
  3. Fibonacci Fan
  4. Fibonacci Arcs
  5. Fibonacci Expansion


Fibonacci Retracement

The Fibonacci retracement can be placed on the a Forex chart from the Fibonacci retracement button. Fibonacci retracement is used to estimate where a price retracement is likely to reach. The Fibonacci retracement levels are drawn as shown below. To learn how to draw and use Fibonacci Retracement Levels read the tutorial: How to draw Fibonacci Retracement Levels:

How to Place Fibonacci Retracement Indicator on Forex MetaTrader 4 Chart - Placing Fibonacci Lines On MT4 Forex Trading Platform - Fibonacci Expansion Forex Trading Indicator - Fibonacci Retracement Forex Technical Indicator - Fibonacci Fan Forex Technical Indicator - Fibonacci Line Forex Trading Indicator - Fibonacci Arcs Forex Trading Indicator - Fibonacci Time Zones

Fibonacci Retracement Levels Drawn on a Forex Chart on The MetaTrader 4 Platform


Fibonacci Time Zones

The Fibonacci time zones are Fibonacci lines drawn at different Fibonacci timelines, these Fibonacci time zones are calculated using the Fibonacci points 1, 2, 3, 5, 8, 13, 21, 34. The Fibonacci levels are 1+2=3, 2+3=5, 3+5=8, first number add to the next, the next added to the second and so on.



The Fibonacci time zones are shown below, at these time lines price changes are likely to occur based on technical analysis of Fibonacci time zones:

How to Place Fibonacci Time Zones on Forex Charts in MetaTrader 4 Forex Trading Platform - Placing Fibonacci Lines On MetaTrader 4 Forex Trading Platform - Fibonacci Expansion Forex Technical Indicator - Fibonacci Retracement Forex Technical Indicator - Fibonacci Fan Forex Trading Indicator - Fibonacci Line Forex Trading Indicator - Fibonacci Arcs Forex Technical Indicator - Fibonacci Time Zones

Fibonacci Time Zones on MetaTrader 4 Platform



Fibonacci Fan

The Fibonacci fan is drawn between two chart points and then three additional lines below the trend are drawn as the fans, these are 38.2%, 50.0% and 61.8% Fibonacci retracement levels. The price is likely to bounce and continue in the original direction after price retraces to any of these fan lines.


The Fibonacci Fan Lines are drawn as shown below:

How to Place Fibonacci Fan Lines on Forex Charts in MetaTrader 4 Forex Trading Platform - Placing Fibonacci Lines On MT4 Forex Trading Platform - Fibonacci Expansion Forex Technical Indicator - Fibonacci Retracement Forex Trading Indicator - Fibonacci Fan Forex Trading Indicator - Fibonacci Line Forex Technical Indicator - Fibonacci Arcs Forex Technical Indicator - Fibonacci Time Zones

Fibonacci Fans on MT4 Forex Trading Platform


Fibonacci Arcs

Fibonacci arcs are drawn using two chart points, the arcs are then drawn as shown below and these arcs represent 38.2%, 50.0% and 61.8% Fibonacci retracement levels.

How to Place Fibonacci Arcs on Forex Charts in MetaTrader 4 Forex Trading Platform - Placing Fibonacci Lines On MT4 Forex Trading Platform - Fibonacci Expansion Forex Trading Indicator - Fibonacci Retracement Forex Trading Indicator - Fibonacci Fan Forex Technical Indicator - Fibonacci Line Forex Technical Indicator - Fibonacci Arcs Forex Trading Indicator - Fibonacci Time Zones

Fibonacci Arcs Representing Fibonacci Retracement Zones on a Forex Chart


Fibonacci Expansion

The Fibonacci expansion is used to determine the most probable level at which traders should set their take profit levels based on Fibonacci expansion level 61.8% and 100.0% expansion levels. The Fibonacci expansion levels are also referred to as Fibonacci Extension Levels or Fibonacci Projection Levels by some traders and these Fibonacci Extension levels are drawn as shown below. Tutorial: How to Draw Fibonacci Expansion Levels:

How to Place Fibonacci Expansion Lines on Forex Charts in MetaTrader 4 Forex Trading Platform - Placing Fibonacci Lines On MetaTrader 4 Forex Trading Platform - Fibonacci Expansion Forex Trading Indicator - Fibonacci Retracement Forex Technical Indicator - Fibonacci Fan Forex Technical Indicator - Fibonacci Line Forex Trading Indicator - Fibonacci Arcs Forex Trading Indicator - Fibonacci Time Zones

How to draw Fibonacci Lines and other Fibonacci studies like Fibonacci Expansion and Retracement on MT4 Forex Platform


 

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