Placing Arrows on Charts in Meta Trader 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 plotted on the MetaTrader software 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 & Thumbs Down Arrows
Thumbs up & 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 & thumbs down arrows are pictured below. As a trader to adjust the width, right-click on these arrows, choose 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 one opens a buy trade or levels where one opens a sell trade, these arrow button keys are shown below.
Stop Sign & Check Sign
The stop sign and check sign can also be used to mark points where one opens & closes a trade, for examples the screenshot below shows where a trader opened a buy trade and closed the trade.
Left Price Label and Right Price Label on Software
The Price labels are used to show prices on the specific level that these labels are set, the right price label will pop-up to the right side of the price while the left side will appear to the left side of the price as shown on example below.
MetaTrader arrow buttons and price labels set on the price charts within the MetaTrader 4 platform.
What is a Trade Plan? - Written Plan Template Example
Alternatives: Automated EA Robots or Copy Paste Signals
