Placing Arrows on Forex Charts in MetaTrader 4
The arrows button on the MetaTrader 4 under the insert menu options is used to draw arrows on the currency charts within the MetaTrader 4 Platform. The arrow buttons is shown below.
The Following arrows can be drawn on the MetaTrader under this arrow buttons option:
- Thumbs Up
- Thumbs Down
- Arrow Up
- Arrow Down
- Stop Sign
- Check Sign
- Left Price Label
- Right Price Label
Thumbs Up and Thumbs Down Arrows
Thumbs up and thumbs down button can be used on price chart to mark levels where traders can open 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, select properties and select a different line width.
Arrow Up and Arrow Down Arrows
The arrow up and arrow down arrows are used to show the levels where a trader opens a buy trade or levels where a trader opens a sell trade, these arrow buttons are shown below.
Stop Sign and Check Sign
The stop sign and check sign can also be used to mark points where a trader opens and closes a trade, for example the image below shows where a trader opened a buy trade and closed the trade.
Left Price Label and Right Price Label
The Price labels are used to show prices on the particular level that these labels are set, the right price label will appear to the right side of the price while the left side will appear to the left side of the price as shown on the example below.
MetaTrader arrow buttons and price labels set on the price charts within the MetaTrader 4 platform.