Draw Fibonacci expansion | FXON™

Draw Fibonacci expansion

EA, indicators & objects (Mobile & tablet)

EA, indicators & objects (Mobile & tablet)

Draw Fibonacci expansion

This article was :

published

updated

Here we'll look over the steps on how to display the Fibonacci expansion on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. This tool draws horizontal lines using the Fibonacci ratio when connecting the starting point of the trend and the dip/rally points. Use these as reference points to determine how far the market will expand.

mt4

mt5

iPhone
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap "Chart" on the bottom navigation bar.

Step 1

Step 2

Tap the "Objects" icon at the top.

Step 2

Step 3

Tap "Add Object".

Step 3

Step 4

Tap "Fibonacci Expansion".

Step 4

Step 5

Tap the starting point, then the midpoint.

Step 5

Step 6

Move the end point to adjust the position.

Step 6

Step 7

To fix the Fibonacci expansion, tap on the line to hide the dots.

Step 7

Android
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap "Chart" on the bottom navigation bar.

Step 1

Step 2

Tap on the chart.

Step 2

Step 3

Tap the "Objects" icon.

Step 3

Step 4

Tap the "+" button in the top right corner.

Step 4

Step 5

Tap "Fibonacci Expansion".

Step 4

Step 6

Tap the starting point and endpoint to plot the first wave. Drag the midpoint to adjust its position.

Step 5

Step 7

Tap the first endpoint and drag to the second endpoint to form the second wave. Drag the end point to adjust its position.

Step 6

Step 8

To fix the Fibonacci expansion, tap around the first or second line to hide the black dots.

Step 7

iPad
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap the "Objects" icon on the left.

Step 1

Step 2

Tap "Add Object".

Step 2

Step 3

Tap "Fibonacci Expansion".

Step 3

Step 4

Tap the starting point and endpoint to plot the first wave. Drag the midpoint to adjust its position.

Step 4

Step 5

Tap the first endpoint and drag to the second endpoint to form the second wave. Drag the end point to adjust its position.

Step 5

Step 6

To fix the Fibonacci expansion, tap around the first or second line to hide the red dots.

Step 6

Android tablet
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap on the chart.

Step 1

Step 2

Tap the "Objects" icon.

Step 2

Step 3

The list of objects on the chart will be displayed. Tap "+" in the top right corner.

Step 3

Step 4

Tap "Fibonacci Expansion".

Step 3

Step 5

Tap the starting point and endpoint to plot the first wave. Drag the midpoint to adjust its position.

Step 4

Step 6

Tap the first endpoint and drag to the second endpoint to form the second wave. Drag the end point to adjust its position.

Step 5

Step 7

To fix the Fibonacci expansion, tap around the first or second line to hide the black dots.

Step 6

iPhone
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap "Chart" on the bottom navigation bar.

Step 1

Step 2

Tap the "Objects" icon at the top.

Step 2

Step 3

Tap "Add Object".

Step 3

Step 4

Tap "Fibonacci Expansion".

Step 4

Step 5

Tap the starting point and endpoint to plot the first wave. Drag the midpoint to adjust its position.

Step 5

Step 6

In the menu that appears after swiping, you can also change the line's color, thickness, and style.

Step 6

Step 7

Tap the first endpoint and drag to the second endpoint to form the second wave. Drag the end point to adjust its position.

Step 7

Step 8

To fix the Fibonacci expansion, tap around the first or second line to hide the red dots.

Step 8

Android
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap "Charts" on the bottom navigation bar.

Step 1

Step 2

Tap on the chart.

Step 2

Step 3

Tap the "Objects" icon.

Step 3

Step 4

Tap the "+" icon at the top.

Step 4

Step 5

Tap "Fibonacci Expansion".

Step 5

Step 6

Tap at the starting point and move the midpoint to adjust the position.

Step 6

Step 7

Move the end point to adjust the position.

Step 7

Step 8

To fix the Fibonacci expansion, tap on the line to hide the dots.

Step 8

iPad
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap the "Objects" icon on the left.

Step 1

Step 2

Tap "Add Object".

Step 2

Step 3

Tap "Fibonacci Expansion".

Step 3

Step 4

Tap the starting point and endpoint to plot the first wave. Drag the midpoint to adjust its position.

Step 4

Step 5

In the menu that appears after swiping, you can also change the line's color, thickness, and style.

Step 5

Step 6

Tap the first endpoint and drag to the second endpoint to form the second wave. Drag the end point to adjust its position.

Step 6

Step 7

To fix the Fibonacci expansion, tap around the first or second line to hide the red dots.

Step 7

Android tablet
Scroll horizontally to see moreSwipe horizontally to see more

Step 1

Tap on the chart.

Step 1

Step 2

Tap the "Objects" icon.

Step 2

Step 3

Tap the "+" icon at the top.

Step 3

Step 4

Tap "Fibonacci Expansion".

Step 4

Step 5

Tap at the starting point and move the midpoint to adjust the position.

Step 5

Step 6

Move the end point to adjust the position.

Step 6

Step 7

To fix the Fibonacci expansion, tap on the line to hide the dots.

Step 7

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