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Line Studies Toolbar Menu on MetaTrader 4 Platform

Sometimes traders will say "oh, I cannot find Fibonacci expansion tool on my MetaTrader 4 where can I get it?"

The thing is that all these line studies are located on the line studies toolbar; however, by default not all are set to display, therefore a trader must know where to get these tools that are not displayed by default on the MetaTrader 4 Platform. So how can a trader add a tool, to the line studies toolbar shown below?

Line Studies Toolbar Menu on MT4 Forex Trading Platform - Forex MetaTrader 4 Line Studies Tool Bar

Customize a Toolbar

To add a tool not listed above a trader has to follow the following steps

  1. Right Click at the toolbar button to the left of this(Looks like a stack of coins)as shown below

How To Customize and How to Add Tools on The Line Studies Tool Bar in MetaTrader 4 Forex Trading Platform

3. Click customize
4. Add all Tools

The following customize popup window will appear:

How to Add Line Forex Trading Tools to The Line Studies Toolbar on MetaTrader 4 Forex Trading Platform - Forex Trading Platform MT4 Line Studies Tool Bar Tutorial

Select all the tools from the left window and add them: After adding this will look like:

How to Customize and Add All Forex Trading Tools to The Line Studies Toolbar on MetaTrader 4 Forex Trading Platform

The toolbar will now look like:

All Tools on Line Studies Toolbar in The MetaTrader 4 Forex Platform - Line Studies Toolbar on MT4 Platform Explained

Explanations of Each Tool

The following is the explanation of each tool on this toolbar.

Explanation of All Forex Trading Tools on the MetaTrader 4 Forex Trading Platform Line Studies Tool Bar

1: Select mouse as cursor, change mouse to the default cursor

2: Select Cross Hair cursor, a type of cursor that maps coordinates to the axis of the charts

3: Draw a vertical line

4: Draw a Horizontal line

5: Draw a trend line

6: Equidistant Channel

7: Fibonacci Retracement

8: Text button

9: Text Label Button

10: Fibonacci Expansion

11: Trend by Angle

12: Linear Regression Channel

13:Standard Deviation Channel

14: Gann Lines

15: Gann Fan

16: Gann Grid

17: Fibonacci Timezones

18: Fibonacci Fan

19: Fibonacci Arc

20: Cycle Lines

21: Andrew's Pitchfork

22: Insert Ellipse

23: Insert Triangle

24: Insert Rectangle

25: Fibonacci Channels

26: Draw Arrows

How To Remove Tools

As a trader you will not require all these buttons and you can hide some of them by clicking the customize button, then select some of the items on the right window and then select hide.

How to Remove a Forex Trading Tool From The Lines Tool Bar on MetaTrader 4 Forex Trading Platform

Remove the above tools by clicking on them and then clicking the remove button, so as to save space on your MetaTrader 4 platform workspace.


MetaTrader 4 Tutorial