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Placing Fibonacci Lines on MT4

The fifth option on the MT4 stocks trading platform insert menu is Fibonacci Lines. The Fibonacci Lines Button has the following sub menu buttons shown below:

Placing Fibonacci Lines on MT4

Fibonacci Stocks on MT4


Fibonacci Lines


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


Stock Trading Fibonacci Retracement

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

Placing Stock Trading Fibonacci Retracement Indicator on MT4 Stock Chart

Stock Trading Fibonacci Retracement Levels Drawn on a Stock Trading Chart on The MT4 Stock Trading 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 stocks price changes are likely to occur based on technical analysis of Fibonacci time zones:

Placing Fibonacci Time Zones on Stocks Charts in MT4

Fibonacci Time Zones on MetaTrader 4



Fibonacci Fan

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


The Fibonacci Fan Lines are drawn as shown below:

Placing Fibonacci Fan Lines on Stocks Charts in MT4

Fibonacci Fans on MT4


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.

Placing Fibonacci Arcs on Stocks Charts in MT4

Fibonacci Arcs Representing Stock Trading Fibonacci Retracement Zones on a Stock Trading Chart


Stock Trading 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 Stock Trading Fibonacci Extension Levels or Fibonacci Projection Levels by some traders and these Stock Trading Fibonacci Extension levels are drawn as shown below. Tutorial: How to Draw Stock Trading Fibonacci Expansion Levels:

Placing Stock Trading Fibonacci Expansion Lines on Stocks Charts in MT4

How to draw Fibonacci Lines and other Fibonacci studies like Stock Trading Fibonacci Expansion and Retracement on MT4



 

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Stock Symbol

Apple - AAPL, Saudi Aramco, Amazon - AMZN, Microsoft - MSFT, Alphabet (Google) - GOOG, Berkshire Hathaway - BRK-B, UnitedHealth - UNH, Johnson & Johnson - JNJ, Exxon Mobil - XOM, Visa - V, Tencent - TCEHY, Tesla - TSLA, JPMorgan Chase - JPM, TSMC - TSM, LVMH - MC.PA, Walmart - WMT, Procter & Gamble - PG, NVIDIA - NVDA, Eli Lilly - LLY, Chevron - CVX, Mastercard - MA, Meta Platforms (Facebook) - META, Kweichow Moutai, Nestlé - NESN.SW, Home Depot - HD, Unilever - UL, IBM - Samsung, Cisco - CSCO, McDonald - MCD, Nike - NKE