Charts Toolbar Menu and How to Customize it on MT5 Software

The Charts MT5 tool-bar on the MT5 is shown below.

Before explaining how to use each item listed on this charts tool bar, let's make sure that all the available tools are added to it by customizing it:

1. Right-Click at the customize button to the left of this MT5 tool-bar (Looks like a stack of coins) as displayed below.

2. Click customize 3. Add all Tools

How to Customize

After adding the customize window panel will look like:

The MetaTrader 5 tool-bar will now look like:

Explanations of Trade Tools Listed

The following course explains how to trade with each of the button keys numbered below:

1: Bar button key, sets the chart drawing method to Bars

2: candles button key, sets the chart drawing method to Candles

3: Line button key, sets the chart drawing method to Line plot

4: Zoom In, zooms in

5: Zooms Out, zooms out

6: Auto Zoom, automatically zooms trading chart to highlight the most recent price candlesticks automatically once it has been clicked. That way the work space of the prices shows the real time candle that is being quoted in that moment.

7: Chart Shift, shifts the recent price candle towards the center, therefore leaving space between the most recent candlestick and the extreme right side of the MT5 Platform, making it easier for technical analysis.

8: Technical Indicators menu shows list of all indicators and from this list a trader can select a particular indicator, doubleclick on it to place it on the trading panel.

9: Periodicity displays all the chart timeframes and a trader can change to a different timeframe for the from the one they are using by clicking this periodicity shortcut button.

10: Commodity Step by Step is used to backtest manual commodity systems where a trader places their system on a chart, moves it back for about 2 months, then starts to move it commodity step by step while at the same time recording where their strategy would have given a buy signal or a sell signal or an exit signal, just the same way a trader would have traded real-time while the prices update.

11: Templates Button used to save new templates and load templates which have been saved on the platform.

All the buttons provide short cuts instead of traders looking for these option the long way using the main navigation menu, a trader just clicks a tool and gains quick access to it. The MT5 toolbar will mainly contain the tools that are frequently used by a trader within the MT5 Platform.