Fibonacci Expansion Tutorial

How to Use Fibonacci Expansion Levels

Steps: Fibo Expansion Indices Indicator is not displayed by default in MT4 settings, if the Fibonacci Expansion Indicator Tool does not appear on your MetaTrader 4 software: follow the steps below to add the How to Use Fibonacci Expansion in Indices Trading - Fibonacci Expansion Tutorial Tool on MetaTrader 4:

1. MetaTrader 4 Line Studies ToolBar - How to Use Fibonacci Expansion in Indices Trading - Fibo Expansion Tutorial

How to Use Fibonacci Expansion in Indices Trading - Fibo Expansion Tutorial

2. Customize Line Studies ToolBar - How to Use Fibonacci Expansion in Indices Trading - How to Use Fibo Expansions - Fibo Expansion Guide

Rightclick Customize button (illustrated and displayed below) >>> A dropdown menu pops up, Select Customize >>>

How to Use Fibonacci Expansion in Indices Trading - Fibo Expansion Tutorial

3. Place This Fibo Expansion Tool in MetaTrader 4 - How to Use Fibonacci Expansion in Indices Trading - How to Use Fibo Expansions - Fibo Expansion Guide

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

Place Fibonacci Expansion Tool on MT4 - How to Use Fibonacci Expansion in Indices Trading - Fibo Expansion Tutorial

4. Fibonacci Expansion Indicator Added - How to Use Fibonacci Expansion in Indices Trading - How to Use Fibo Expansions - Fibo Expansion Guide

How to Use Fibonacci Expansion in Indices Trading - Fibo Expansion Tutorial

A trader can then select the Fibonacci Expansion Levels MetaTrader 4 Indicator shown above in the MT4 software and then use this Fibonacci Expansion tool to place this indicator on the stock indices chart and use this Fib Expansion indicator to determine the Fib Expansion Levels on the stock indices charts.