Placing Arrows on Forex Charts in MetaTrader 5
The arrows button on the MT5 under the insert menu options is used to draw arrows on the forex charts within the MT5 Platform. The arrow MT5 buttons is shown below.
The Following arrows can be plotted on the MetaTrader software under this arrow MetaTrader 5 buttons option:
- Thumbs Up
- Thumbs Down
- Arrow Up
- Arrow Down
- Stop Sign
- Check Sign
- Left Price Label
- Right Price Label
Thumbs Up & Thumbs Down Arrows
Thumbs up & thumbs down button can be used on forex price chart to mark levels where traders can open forex trades and show levels where traders can close trade. The thumbs up and thumbs down arrows are shown below. As a trader to adjust the width, right click on these arrows, choose properties and choose a different line width.
Arrow Up and Arrow Down Arrows
The arrow up & arrow down arrows are used to show the levels where a trader opens a buy trade or areas where a trader opens a sell trade, these arrow MT5 buttons are shown below.
Stop Sign and Check Sign
The stop sign & check sign can also be used to mark points where a trader opens & closes a trade, for example the image below shows where a trader opened a buy trade & closed the trade.
Left Price Label & Right Price Label on Platform
The Price labels are used to show prices on the particular level which these labels are set, the right forex price label will pop-up to the right side of the forex price while the left side will popup to the left side of the forex price as shown on the forex trading example below.
MetaTrader arrow MT5 buttons and forex price labels set on the forex price charts within the MT5 Platform.
