I've been looking everywhere for this in Metatrader 4 and can't find a way to make them... Is this a feature that is missing and what charting program can I use then? I've been looking into programs like Xtick but they are at the moment a bit to expensive for me as a newbie to use. Are there really no other program like Metatrader that uses all kinds of Fibonacci codes? I mean how hard is it to find a charting program that doesnt cost 70$/month? I would gladly pay a one-time-cost for a good program but those figures are ridiculous.

So any ideas?

MT4 does have fibo extension tool. Click "Insert" then "Fibinacci" and select "Extension". I am not sure it's that what u want.

It says 'expansion' not extension in my version. Maybe the same thing?

U're right,it's expansion. Sorry for mistake.

You can look at this link, it has a lot of indicators on it, also you can look at www.metaquotes.net

http://www.farsforex.com/fx/download/ind/mt4/

Put the indicators in c:programfiles/metatrader4/experts/indicators and log out/log off to activate your new indicators, you can find them in metatrader: insert/indicators/custom

Happy trading!

You might want to check out MotiveWave - http://www.MotiveWave.com - they've got really advanced Fibonacci tools.