Charts Toolbar Menu & Customizing it on MT4 Platform Software
The toolbar dedicated to charting functions on the MetaTrader 4 interface is shown below.
Before explaining how to utilize each feature on the chart toolbar, let's ensure that all available tools are included by customizing it.
- Right Click at the customize button key to the left of this tool bar (It looks like a stack of coins) as shown below.
2. Click customize 3. Place all Tools
How to Customize
After adding customize panel window will look like:
The tool-bar will now look like:
Explanations of BTCUSD Trade Tools Listed
The following tutorial clarifies and elaborates on trading processes associated with each numbered button beneath.
1: Bar button, sets the chart drawing technique to Bars
2: Candlesticks button, sets the chart drawing technique to Candles
3: Line button, sets the chart drawing technique to Line plot
4: Zoom In, zooms in
5: Zooms Out, zooms out
6: Auto Zoom automatically focuses the chart to prominently display the most recent bitcoin price candles immediately upon being clicked. This action ensures the bitcoin price workspace reflects the instantaneous, real-time quote of the active candle.
7: Chart Shift adjusts the recent bitcoin price candlestick towards the center, thereby creating space between the most recent candle and the far right side of the MetaTrader 4 software, facilitating easier technical analysis.
8: The Trading Indicators menu shows a list of all trading indicators, and a trader can pick one from this list, then double-click it to add it to the trading panel window.
9: Periodicity displays all the chart time-frames & one can change to a different time frame for from one they are using by clicking this periodicity shortcut button.
10: Bitcoin Step by Step is used to backtest manual bitcoin systems where a trader places their system on a crypto chart, moves it back for about 2 months, then begins to move it bitcoin trading step by step & at the same time recording where their strategy would have given a buy cryptocurrency signal or a sell cryptocurrency signal or an exit signal, just the same way a trader would have traded real time while the bitcoin prices update.
11: Templates Button used to save new templates and load templates which have been saved on software.
All the button keys provide short-cuts instead of traders looking for these option through the long method using the main navigating menu, a trader just clicks a tool and gains quick access to it. Toolbar will mainly contain the trading tools which are frequently used by a bitcoin trader within the MT4 BTC USD Crypto Currency Software Platform.
Learn More Lessons:
- Downwards BTCUSD Trend Line & Downwards Bitcoin Channel
- How Do I Analyze BTCUSD Support Resistance Levels in BTC USD Trade?
- Reversal Candlestick Setups: Bearish Bitcoin Candlestick Patterns
- How to Analyze BTC USD Trading Indicator Signals
- Best Trend Bitcoin Trading Indicators
