Placing Arrows on Charts in MT5
The arrows button on the MetaTrader 5 under the insert menu options is used to draw arrows on the charts within the MetaTrader 5 Software. The arrow MT5 buttons is shown below.
The Following arrows can be plotted on the MetaTrader software under this arrow MetaTrader 5 button keys 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 and thumbs down button key can be used on stocks 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 symbolized below. As a trader to adjust the width, right click on these arrows, select properties & choose 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 stocks trade or areas where a trader opens a sell stocks trade, these arrow MT5 buttons are shown below.
Stop Sign & 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 & closed the trade.
Left Price Label and Right Price Label
The Price labels are used to show stocks prices on the particular level which these labels are set, the right stocks price label will pop-up to the right side of the price while the left side will popup to the left side of the price as shown on the examples highlighted and described below.
MetaTrader arrow MT5 buttons and price labels set on the price charts within the MetaTrader 5 Software.
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