Placing Arrows on Charts in MetaTrader 4
The arrows button on the MT4 under the insert menu options is used to draw arrows on the charts within the MT4 Software. The arrow buttons is shown below.
The Following arrows can be drawn 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 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 revealed below. As a trader to adjust the width, right-click on these arrows, select properties and choose a different line width.
Arrow Up & Arrow Down Arrows
The arrow up and 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 buttons are shown below.
Stop Sign & Check Sign
The stop sign & check sign can also be used to mark points where a trader opens and closes a trade, for examples the image below shows where a trader opened a buy trade & closed the trade.
Left Stock Price Label and Right Price Label
The Indices Price labels are used to show stock index prices on the specific level which these labels are set, the right price label will popup to the right side of the price while the left side will popup to the left side of the price as pictured on the example illustrated below.
MetaTrader arrow buttons and price labels set on the price charts within the MT4 software.
What is a Trade Plan? - Written Plan Template Example
Alternatives: Automated EA Robots or Copy Paste Signals
