How to use MT5/MT4
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Switch your cursor to Fibonacci Retracement mode to draw Fibonacci retracements. There are two ways to switch modes:
Select "Insert" → "Objects" → "Fibonacci Tools" → "Fibonacci Retracement" from the menu.
Click the Fibonacci Retracement icon in the toolbar.
After switching to Fibonacci Retracement mode, the cursor will change on the chart.
Align the cursor to the starting point (100%) at a high or low point, and drag to the next low or high point while holding down the click to draw the Fibonacci retracement.
Double-click the baseline of the drawn Fibonacci retracement (red dotted line by default). While selected, you can drag and drop the starting and ending points to adjust them, or drag the middle section to move the entire retracement.
Right-click the selected baseline of the Fibonacci retracement and choose "Properties" from the displayed menu to open the line properties window.
You can configure detailed line settings across three tabs in the properties window: "Common," "Levels," "Parameters," and "Visualization."
In the "Common" tab, you can specify the line name, description, baseline color, line thickness, and type.
You can also choose whether to display the line in the background.
In the "Levels" tab, you can specify the levels of the horizontal lines to be drawn.
The "Levels" column sets the percentage for each level, and the "Description" column sets the text displayed on the line.
You can also add or remove levels using the buttons on the right.
Pressing the "Default" button restores the settings to their default values.
In the "Parameters" tab, you can precisely set the starting and ending points of the baseline using time and price. You can also configure whether to extend the Fibonacci retracement lines to the left or right.
In the "Visualization" tab, you can specify which timeframes the Fibonacci retracement will be displayed on. If you uncheck "All timeframes," it will only appear on the selected timeframes.
