Placing Arrows on Charts on the MetaTrader 4 Platform
The arrows button on the MT4 under the insert menu options is used to plot arrows on the charts within the MetaTrader 4 Software Platform. The arrow buttons is shown below.
Following arrows can be drawn on MetaTrader trading platform under this arrow buttons option:
- 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
Thumbs up and thumbs downwards button can be used on price chart to mark levels where traders can open trades and show levels where traders can close trade. Thumbs up & thumbs downwards arrows are shown below. As a xauusd/gold trader to adjust width, rightclick on these arrows, choose properties and select & choose a different line width.
Arrow Up and Arrow Down Arrows
The arrow up and arrow downward arrows are used to show the levels where a trader opens a buy trade or levels where a trader opens a sell gold trade, these arrow button keys are shown 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.
More Topics and 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?
