How to Draw Fibonacci Projection on MetaTrader 4

Draw Bitcoin Trading Fibonacci Projections

Steps: Fibonacci Projection Levels tool is not displayed by default in MT4 settings, if the Fibonacci Projection Technical Indicator Tool does not appear on your MT4 software, (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 Indicator on MT4:

1. MT4 Line Studies ToolBar - Draw Fibonacci Projection Levels on MetaTrader 4?

How to Draw Bitcoin Trading Fib Projection in MT4 - How to Draw Fibonacci Projection on MetaTrader 4

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

Rightclick the Customize button (illustrated & displayed below) >>> A dropdown menu pops up, Choose Customize >>>

How to Draw Fibonacci Projection Indicator on MT4

3. Place This Fibonacci Projection Indicator on MetaTrader 4 - How to Draw Fibonacci Projection Bitcoin Technical Indicator Tool on MT4 Bitcoin Charts

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

Place Fibonacci Projection Indicator in MetaTrader 4 - How to Draw Fibonacci Projection Bitcoin Technical Indicator Tool in MT4 Cryptocurrency Charts

4. Fibonacci Projection Indicator Added - How to Add Fibonacci Projection Indicator in MetaTrader 4

Fibonacci Projection Indicator Added - How to Add Fibonacci Projection Indicator in MetaTrader 4

Trading Cryptocurrency Draw Fibonacci Projections

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