Tips for MT4: Putting price values to Fibonacci ratios

This is a simple tip for MT4 users.

Before:

The Fibonacci tools are wonder ful and essential for trading but after plotting them on the chart, price levels corresponding to the Fib levels are not displayed. For illustration, see ”50%’ retracement level on chart. To get the precise reading, you may have to use the crosshair function.

After:

By going to ‘Fibo properties’ and adding ‘=%$’ to the description cell for each fib level, you can see the price level displayed beside the fib level like ’23.6=1.32038′.

fibonacci ratios

Tweaking MT4 to display price values at key fibonacci ratios

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Soh Tiong Hum is Director of TerraSeeds Market Technician Pte Ltd. TerraSeeds is a trading educator in Singapore since 2005. Soh Tiong Hum is a member and regular speaker at Technical Analysts Society Singapore events and has a bi-monthly lunch time event at IG Singapore on forex and stock markets. He is an avid blogger on technical analysis topics; his Twitter account @sohtionghum was ranked #23 out of The Top 70 Twitter Accounts To Follow In 2015 by MahiFX. Come find Tiong Hum on Google+
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