Insert Andrew's Pitch Fork, Cycle Lines, Text & Text Label in Bitcoin Chart

Last 4 options on the MT5 btcusd crypto software insert menu are:

Andrews Pitch Fork
Cycle Lines
Text
Text Label

These are shown below:

Insert Menu Options in MT5 Software Platform

Andrews Pitchfork

The Andrew's Pitchfork is drawn between 3 points first point is mid point of bitcoin price, the next is the upper point of bitcoin price & the third is the lower point of bitcoin price. This draws three parallel lines which form a channel. Bitcoin Price should bitcoin trend within this channel, if bitcoin price moves outside of the channel like in cryptocurrency example shown below the trade should be closed.

Andrew's Pitchfork on the MT5

Cycle Lines

Cycle lines are vertical lines drawn at an equal distance representing the market cycles. To draw these lines a trader chooses one continuous bitcoin trend and draws a line between the high & low of the bitcoin trend and then this MT5 cryptocurrency indicator automatically draws the cycle line, these lines represent the market cycles.

Cycle Lines MT5 Indicator

Text & Text Label

As a trader you may want to mark a bitcoin price level on your crypto chart. To do and achieve this you as a trader can either use the text or text label, Choose any of this button, select where to place these labels after which a pop up appears prompting/requesting you to input and type in the text of the label. To edit text label double-click on it & then this popup will appear again and edits can be made from this pop-up window.

Text & Text Labels in MT5 Platform Software

From the example above the buy is a text and the sell is a text label, both are not much different only that the written text will move along with the chart, while the text label is fixed at one point & won't move with the trading chart.

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Trade Bitcoin Trading

Insert Andrew's Pitch Fork, Cycle Lines, Text & Text Label in Bitcoin Chart

Andrews Pitchfork

Cycle Lines

Text & Text Label