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MT4 User Guide
Gann Grid Lines of the Gann Grid are drawn
at an angle of 45 degrees. Two
points must be set for this tool
to be drawn.
Fibonacci Channel To draw this tool, a channel is
used the width of which is taken
as one. Then, at the distances
defined by the Fibonacci
sequence, parallels are drawn

starting with the distance of
0.618 of the channel width, then
1.000, 1.618, 2.618, 4.236, etc.
Two points and the basic
channel width must be set for
this tool to be drawn.
Fibonacci Time Zones Fibonacci Time Zones represent
a row of vertical lines placed at
Fibonacci intervals from each
other: 1, 2, 3, 5, 8, 13, 21, 34,
etc. It is considered that

drawn from the first point, these
trend lines meeting the invisible
vertical line at Fibonacci levels of
38.2%, 50%, and 61.8%. It is
considered that significant price
changes should be expected
near these lines.
Fibonacci Arcs The tool named Fibonacci Arcs is
drawn on two points that define
the trend line. Then three arcs
having the centres in the second

meeting the third,
"presumptive", wave at
Fibonacci levels of 61.8%, 100%,
and 161.8%, are drawn. It is
considered that significant price
changes should be expected
near these lines.
Andrews' Pitchfork This tool is drawn on three
points and represents the
parallel trend lines. The first
trend line starts at the selected

direction and detect the turn moments synchronously or with a delay. Oscillators allow finding the
turning moments ahead or synchronously.
Indicators are imposed into the chart from the "Navigator" window by means of Drag `and` Drop
technique, by execution of the "Insert — Indicators" menu command, or by selecting the button in
the "Charts" toolbar. A technical indicator can be drawn in a separate indicator window that has a
specific vertical scale (for example, MACD) or it can be imposed directly into the price chart (for

example, Moving Average). Indicators can be drawn not only for price data and derivatives (Median
Price, Typical Price, Weighted Close), but also for other indicators. For example, a Moving Average for
the Awesome Oscillator can be drawn, and a signal line can be obtained additionally to AO in this way.
To do so, the user has to draw the AO indicator first, and then, using Drag `and` Drop technique, impose
MA into AO and select "Previous Indicator Data" option in its settings in the "Apply to" option. If the
"First Indicator Data" option is selected, the MA will be drawn on basis of data of the very first imposed

indicator that can be other than AO.
Besides analytical parameters, the user can set colors for various elements, thickness of lines, and sizes
of signs used, at setting up of the indicator. The visualization mode of the object for different
timeframes can be changed in the "Visualization" tab. The indicator will be shown on at timeframes that
has been selected. This function can be useful if the tool has different settings for different time frames.
Using the "Show in the

Data Window" option in the same tab, the user can control over visualization of
information about indicators in the "Data Window".
All settings can be changed. To do so, the user has to select the desired indicator in the "Indicators List"
window and press the "Edit" button or execute the "Properties..." command in the indicator context
menu. The Indicator context menu can be called by clicking with the right mouse button on a line, sign,
or diagram of the desired indicator. To remove an indicator, the user has to execute the "Delete
Indicator" indicator context menu command or the "Delete Indicator Window" command in the chart or

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