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View Full Version : Metatrade 4 and 5 extension tool



rabbi504564
01-03-2012, 02:49 PM
In Metatrade 4 is there a simple custom tool like the Fibonacci retracement tool that only shows the extension levels(ie 1.272, 1.618) and not the retrecement level as well? I know the Fibonacci retracement tool in MT4 can be customized to show only the extension levels however that requires constant changing back and forth to be able to use it for retracement as well.Also I know that it can show both the retracement and extension levels at once however this clutters my screen too much .What I need is a fib extension indicator that is separate from the retracement tool.

debook
01-03-2013, 06:24 PM
Actually I a little confused about MT4 and MT5, on my broker Weltrade I can use MT4 or MT5 for trading. So what exactly more better on this two platform, which one is the best? and why?