Quote:
Originally Posted by hypnos63
hi
i'm using MT4 alpari. thefib extension button there won't let me do the fib extension example on metatrader4 is there a another way to plot the extension?
i keep getting a pyramid, not the upward extension shown in the babypips example.
please don't say find another platform
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The "pyramid" you get is correct for the Fib Extension. With MT4 You will have to adjust the 2nd line of the "pyramid" to touch the retracement low or high...not to just accept where it puts it.
What I think is happening is that the extension grid is appearing above the viewing area of your chart where you can't see it. If you shrink your chart it will appear. To the right of your screen, where the prices are listed, your mouse pointer will display a bi-directional arrow..click and drag down and your chart will compress horizontally and you will see the extension grid lines on your chart.
Different platforms do the same things differently, or not at all, or more than others. MT4 doesn't seem to come with a Pivot Points tool so I had to hunt around for one.
You just have to play and get to know it.