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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

Director, TerraSeeds Market Technician Pte Ltd. Trader, investor. @sohtionghum was picked ‘Top 70 Forex Twitter in 2015’.

“Dear reader, I do not have a financial license to give advice. I do not know you the reader. Your financial objective and risk tolerance may be different from mine. I am not responsible for any consequence of your action.

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