How Do I Use Fibonacci Retracement on MT4?

Trading with Fibonacci Retracement Areas Technical Indicator on MT4

How to Use Fibonacci Retracement Areas on MT4

The procedure for how to use Fibo Retracement Technical Indicator & how to add the Fib Retracement Tool on MT4 Platform is described below:

Fibonacci Retracement Areas Indicator tool on the MT4 platform will automatically draw the retracement levels on a stock indices chart once it is placed on the stock indices chart.

To add this Fib Retracement Levels tool in MetaTrader 4 platform, you can use the following short-cut technique:

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

How Do You Use Fibonacci Retracement on MT4?

After adding this Fib Retracement Levels tool in MT4 platform this indicator can then be accessed from 'MT4 Line Studies Tool Bar' as displayed below.

Trading with Fibonacci Retracement Areas Indicator in MT4

This Fibonacci Retracement tool is located on MT4 (Line Studies Toolbar), to go to this toolbar click 'View' button key at tops left corner of MT4 platform next to file, then click 'Toolbars', Then Check 'Line Studies'. You can learn how to use Fibonacci Retracement Levels tool on the MetaTrader 4 platform using a practice stock indices trading account.