MetaTrader 4 Fibonacci levels

[jwjrcline]

Having trouble applying Fibonacci levels to MetaTrader 4 chart. Would someone advise me how to do this? What little i have been able to

apply has been unreadable. Thanks for ny help given.

[junglelion]

Tools >> History to select pair daily range

On the chart simply do a random placement -- Insert >> Fibonacci >> Retracement -- place it anywhere on the chart, does not matter.

The right click select Objects >> Fibonacci

Under parameters enter the high value and low value and check rays

thats all

[[Deleted]]

junglelion:
Tools >> History to select pair daily range

On the chart simply do a random placement -- Insert >> Fibonacci >> Retracement -- place it anywhere on the chart, does not matter.

The right click select Objects >> Fibonacci

Under parameters enter the high value and low value and check rays

thats all

As far as I know, it DOES matter HOW you place fibo on a chart, since fibo is not an indicator. You might wanna try to hit a book or check with any other forex-related literature

Cheers,

Diam0nd

I LOVE

[Sergey Golubev]

There is thread about Fibonacci indicators, incl fibo fan indicator.

Just for information.

[junglelion]

Diam0nd:
As far as I know, it DOES matter HOW you place fibo on a chart, since fibo is not an indicator. You might wanna try to hit a book or check with any other forex-related literature

Cheers,

Diam0nd

I LOVE

Kindly Read Above

I said place Fibo anywhere and then go to objects and make the price parameters, that places the fibo correctly

[Mohammad Rahimi]

thanks

junglelion:
Tools >> History to select pair daily range

On the chart simply do a random placement -- Insert >> Fibonacci >> Retracement -- place it anywhere on the chart, does not matter.

The right click select Objects >> Fibonacci

Under parameters enter the high value and low value and check rays

thats all

thanks

very good for me.