Is there a way to add another fib selection on mt4? It only has 1 available for selection under customized tools menu?
I am not sure if it's an improvement, but MT5 has these features available: https://www.metatrader5.com/en/terminal/help/objects/fibo
What do you need a 2nd one for? You can draw as many fibs as you like on a chart using that one tool. Plus you can also have fib indicators drawing their own lines.