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Line Studies Toolbar Menu on MetaTrader 4 Platform

Sometimes traders will say “oh, I cannot find Fibonacci expansion tool on my MetaTrader 4 where can I get it?”


The thing is that all these line studies are located on the line studies toolbar; however, by default not all are set to display, therefore a trader must know where to get these tools that are not displayed by default on the MetaTrader 4 Platform. So how can a trader add a tool, to the line studies toolbar shown below?

Line Studies Toolbar Menu on Metatrader 4 Forex Trading Platform


Customize a Toolbar

To add a tool not listed above a trader has to follow the following steps

  1. Right Click at the toolbar button to the left of this(Looks like a stack of coins)as shown below

How To Customize and Add Tools on THe Line Studies Toolbar in Metatrader 4

3. Click customize
4. Add all Tools


The following customize popup window will appear:

Add Line Tools To The Line Studies Toolbar on Metatrader 4 Forex Platform


Select all the tools from the left window and add them: After adding this will look like:

Customize and Adding All Tools to THe Line Studies Toolbar on Metatrader 4 Platform


The toolbar will now look like:

All Tools on Line Studies Toolbar in The Metatrader 4 Forex Platform


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Explanations of Each Tool

The following is the explanation of each tool on this toolbar.

Explanation of All Tools on the Metatrader 4 Platform Lines Toolbar


1: Select mouse as cursor, change mouse to the default cursor


2: Select Cross Hair cursor, a type of cursor that maps coordinates to the axis of the charts


3: Draw a vertical line


4: Draw a Horizontal line


5: Draw a trend line


6: Equidistant Channel


7: Fibonacci Retracement


8: Text button


9: Text Label Button


10: Fibonacci Expansion


11: Trend by Angle


12: Linear Regression Channel


13:Standard Deviation Channel


14: Gann Lines


15: Gann Fan


16: Gann Grid


17: Fibonacci Timezones


18: Fibonacci Fan


19: Fibonacci Arc


20: Cycle Lines


21: Andrew's Pitchfork


22: Insert Ellipse


23: Insert Triangle


24: Insert Rectangle


25: Fibonacci Channels


26: Draw Arrows


How To Remove Tools

As a trader you will not require all these buttons and you can hide some of them by clicking the customize button, then select some of the items on the right window and then select hide.

How to Remove a Tool From The Lines Toolbar on Metatrader 4 Platform


Remove the above tools by clicking on them and then clicking the remove button, so as to save space on your MetaTrader 4 platform workspace.

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