Fibonacci Extension Tool

Beginner Questions
1

Hi.

I am reading a book that requires the use of a Fib extension tool.
I am currently running a demo account with a MetaTrader 4 platform.
It does not seem to have the Fib extension tool. Does anyone know how I can find it or if there is something else I can use instead?

Thanks
Donovan

2

The extension tool is definitely on MT4 just that its upside-down, the default levels are shown as 127 and 161.8 whenever you draw the fibs to a chart. Youre gonna have to edit the settings to get it in the right direction.

3

On mt4 it is called fibonacci expansion

4

Thanks for the response.
I have found the expansion tool, but I don’t understand how to use it like an extension tool.
How do I change the default levels (sorry, newbie alert).

Cheers
Donovan

5

Fibonacci Expansion - Fibonacci Tools - Line Studies - Technical Analysis