Placing Arrows on Charts on the MetaTrader 4 Platform
Within the MetaTrader 4 Software Platform, the arrows button, found under the insert menu option in MT4, serves the function of plotting directional arrows directly onto the charts. The arrow functionality is depicted underneath.
Following arrows can be drawn on MetaTrader trading platform under this arrow buttons choice:
- Thumbs Up
- Thumbs Down
- Arrow Up
- Arrow Down
- Stop Sign Maker
- Check Sign Maker
- Left Price Label
- Right Price Label
Thumbs Up & Thumbs Down Arrows
Use thumbs-up and thumbs-down buttons on charts to mark entry and exit points. They appear as arrows. For XAUUSD or gold, right-click an arrow to adjust its width. Go to properties and pick a new line size.
Arrow Up and Arrow Down Arrows
The upward-pointing and downward-pointing arrows indicate the price levels at which a trader starts a buy order or the levels where a trader starts a sell gold order: these arrow-shaped buttons are displayed below.
Stop Sign and Check Sign
The stop sign and check sign can also be used to mark and highlight points and levels where a xauusd/gold trader opens and closes a trade, e.g. the image below shows where a trader opened a buy trading & closed the trade.
Left Price Label & Right Price Label
Price labels are used to show prices on the specific level which the labels are placed, the right trading price label will appear to the right side of the price while the left side will appear to the left side of the price as is shown in the illustration displayed and illustrated & shown below.
MetaTrader arrow buttons & trading price labels set on price charts within the MT4 software.
Additional Topics, Tutorials, and Lessons:
- How to Read and Interpret Different Types of XAUUSD Patterns for Beginner Traders
- XAU/USD Margin Example
- How Do You Use Balance of Power Indicator in FX?
- MA Indices Signal
- MA Analysis in FX
- How Do You Analyze/Interpret Pips Value for Micro FX Account?
- How Do I Use Triple Exponential Moving Average MA TEMA Indicator?
- How Can I Use Linear Regression Acceleration Indicator in Forex?
