MetaTrader 4 Data Window - MetaTrader 4 Platform Software Tutorial
MetaTrader 4 Data window shows information about a currency pair, for a specified candlestick period. For example the trading charts below, shows how to select the data window from the view menu options.(Ctrl+D is the shortcut key for displaying the data window without having to access it from the view menu)
Data Window - MetaTrader 4 Forex Trading Software
Once the data window is selected it will display, the following information about a currency pair.
The following data for a currency pair is shown:
- Currency Pair
- Open Price
- Close Price
This data will show information for a particular candlestick, by scrolling your mouse over the candlesticks on a Forex chart this data will change to reflect the price candlestick that the mouse has pointed at.
The data widow is not popularly used in the MetaTrader 4 Platform as compared to the other MetaTrader 4 chart windows. However as a trader you can use this data window to extract and display information and data about any price candlestick and the prices associated with this candlestick such as the opening price data, closing price data and high and low of price.
Because most traders can obtain this information directly from the charts, then the traders may prefer to use the information that is readily available on the Forex chart within the MetaTrader 4 platform software interface.
Another method to get this data is to use the Cross Hair Mouse Pointer, To get the Cross Hair Mouse Pointer a trader only requires to press down and hold down the wheel mouse button and the cross Hair will appear. If your mouse does not have a wheel button, please go and buy another one so that you can trade the MetaTrader 4 cross hair. and from this Cross Hair a trader can get the price data as shown below.
Cross Hair Tool - MT4 Forex Software
From the Cross Hair above the vertical line will show data on the date for the current candlestick, the horizontal line will show price of the currency at that particular point on the chart. For the above example of EURUSD chart you can see that the date is 2013.10.31 4:00GMT and the Price of the Currency is 1.37248 for the selected point. The Open, High, Low, Close and Volume as well as Date is Shown Just below the Charts tab at the bottom of the MetaTrader 4 Platform Software, Marked as O: H: L: C: V: therefore the cross hair is a shortcut method of viewing data instead of going to the Data Window of the MT4
A trader can even click one point, hold down the mouse and move the mouse to another chart point to measure the pip movement of price from point a to point on the Forex charts in the MetaTrader 4 Forex Software as Shown below.
Using Cross Hair Tool to Measure Pip Price Movement
Cross Hair Data Tool on MetaTrader 4 Forex Software