How to Draw Oil Trading Fib Projection on MetaTrader 4

How to Add Fibonacci Projection Technical Indicator Tool on MetaTrader 4

Steps: Fib Projection Levels tool is not displayed by default on MetaTrader 4 software settings, if Fibonacci Projection Technical Indicator Tool does not appear on your MT4 crude oil trading platform, (no need to download this Fibonacci Projection indicator) then locate the "MT4 Line Studies Toolbar" shown below and follow the steps below to add the Fibonacci Projection Levels Idicator Tool in MT4:

1. MetaTrader 4 Line Studies ToolBar - Draw Fibonacci Projection Levels in MetaTrader 4 Software?

How to Draw Oil Fibo Projection in MetaTrader 4 Software - How to Draw Fibonacci Projection on MetaTrader 4

2. Customize Line Studies Tool bar - How to Draw Fibonacci Projection Levels in MT4

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

How to Draw Fibonacci Projection Indicator on MetaTrader 4

3. Place This Fibonacci Projection Tool on MT4 Software - How to Draw Fibonacci Projection Crude Oil Indicator Tool on MetaTrader 4 Oil Trading Charts

Select the Fib Projection Technical Indicator tool from the popup window panel which will then appear >>> Click Insert button key >>> Click Close. (Shown Below)

Place Fibonacci Projection Tool in MetaTrader 4 - How to Draw Fibonacci Projection Crude Oil Indicator Tool on MT4 Crude Oil Trading Charts

4. Fibonacci Projection Indicator Added - How to Add Fibonacci Projection Tool on MT4

Fibonacci Projection Indicator Added - How to Add Fibonacci Projection Tool on MT4

Trading Crude Oil Draw Fibonacci Projections

A trader can then choose the Fibonacci Projection Technical Indicator Tool shown above on the MT4 platform and then use this Fibonacci Projection tool to place this indicator on the oil chart & use this Fib Projection tool to determine the Fib Projection Levels on the oil trading charts.