Insert Andrews Pitch-fork, Cycle Lines, Text and Text Label in Chart

Last 4 options on the MT4 platform insert menu are:

Andrew's Pitch-fork
Cycle Lines
Text
Text Label

These are shown below:

Insert Menu Options in MetaTrader 4 Platform Software

Andrews Pitch Fork

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

Andrew's Pitchfork on MT4 Platform Software

Cycle Lines

Cycle lines are vertical lines which are drawn at an equal distance representing the market cycles. To draw these lines a trader chooses/selects one continuous trend & draws a line between the high & low of the trend & then this MT4 technical indicator automatically plots the cycle line, these lines represent the market cycles.

Cycle Lines MT4 Indicator

Text and Text Label

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

Text and Text Labels in MT4 Platform Software

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

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Insert Andrews Pitch-fork, Cycle Lines, Text and Text Label in Chart

Andrews Pitch Fork

Cycle Lines

Text and Text Label