Insert Andrews Pitch Fork, Cycle Lines, Text and Text Label on a Chart

Last 4 options on the MetaTrader 4 Forex platform insert menu are:

Andrew's Pitchfork
Cycle Lines
Text
Text Label

These are shown below:

Insert Menu Options in MT4 Online Platform

Andrew's Pitchfork

Andrew's Pitchfork is drawn between three points first point is the middle point of price, the next is upper point of price and third is lower point of price. This draws 3 parallel lines that form a channel. Price should trend within this channel, if price moves outside of this channel like in example below the trade should be closed.

Andrew's Pitchfork on MT4

Cycle Lines

Cycle lines are vertical lines drawn at an equal distance representing market trading cycles. To draw these lines one selects one continuous trend and draws a line between the high and low of the trend & then this MetaTrader 4 technical indicator automatically plots the cycle line, these lines show market cycles.

Cycle Lines MT4 Indicator

Text & Text Label

As a trader you might want to mark a price level on your trading chart. To do this you can use either the text or text label, Choose any of this button, choose where to place these labels after which a popup appears prompting you to type the text of the label. To edit the text label double click on it & then this pop-up will appear again & edits can be done from this pop-up window.

Text and Text Labels in MT4

From the illustration put on display above buy is a text & sell is a text label, both are not much different the only difference is that the text will move with the chart, while the text label is fixed at one point and will not move with the chart.

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Insert Andrews Pitch Fork, Cycle Lines, Text and Text Label on a Chart

Andrew's Pitchfork

Cycle Lines

Text & Text Label