Line Studies Toolbar Menu on MetaTrader 5
Sometimes traders will say "oh, I can not find Fibo expansion tool on my MT5 where can I get it?"
The thing is that all these line studies are located on the line studies tool bar: however, by default not all are set to display, therefore a trader must know where to get these tools that are not shown by default on the MT5 Forex Platform. So how can a trader add a tool, to the line studies MT5 toolbar shown below?
Customize a Toolbar on Platform
To add a tool not listed above a trader has to follow the following steps
- Right Click at the MT5 tool-bar button to the left of this(Looks like a stack of coins)as shown below
3. Click customize 4. Add all Tools
The following customize pop up panel will appear:
Choose all the tools from the left window and add them: After adding this will look like:
The MetaTrader 5 tool bar will now look like:
Explanations of Each Tool
The following is the explanation of each tool on this tool bar.
1: Select mouse as cursor, change mouse to the default cursor
2: Choose 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 forex trend line
6: Equidistant Channel
7: Fibonacci Retracement
8: Text button
9: Text Label Button Key
10: Fibonacci Expansion
11: forex trend by Angle
12: Linear Regression Channel
13:Standard Deviations Channel
14: Gann Lines
15: Gann Fan
16: Gann Grid
17: Fibonacci Timezones
18: Fibonacci Fan
19: Fibo Arc
20: Cycle Lines
21: Andrew's Pitchfork
22: Insert Ellipse
23: Insert Triangle
24: Insert Rectangle
25: Fibo Channels
26: Draw Arrows
How to Remove Tools from FX Trading Platform
As a trader you will not need all these button keys & you can hide some of them by clicking the customize button key, then choose some of the items on right window & then choose hide.
Remove the above tools by clicking on them & then clicking the remove button, so as to save space on your MT5 Forex Platform workspace.
