The Fibonacci Time Zones tool on MT4 uses Fibonacci ratios to divide time on the chart. If you want to use Fibonacci time zones on your MT4 charts, you can read the step-by-step guide below.

Step 1: Click "Insert" in the MT4 menu bar.

Step 2: Click "Fibonacci" > "Time Zones" and use your mouse to draw the Fibonacci time zones on the chart.