Line Studies Tool-Bar Menu on MetaTrader 4
Sometimes traders will claim "oh, I cannot find Fibonacci expansion tool on my MT4 where can I get it?"
The thing is that all these line studies are located on the line studies tool-bar: however, by default not all are set to display, therefore a trader must know where to get these tools that are not shown by default on the MT4 Software. So how can a trader add a tool, to the line studies toolbar shown below?
Customize a Tool-Bar on Software
To add a tool not listed above one has to follow these steps
- Right Click at the toolbar button to the left of this(Looks like a stack of coins)as displayed below
3. Click customize 4. Add all Tools
The following customize pop up panel will appear:
Choose all the tools from the left window and add them: After adding this will look like:
The toolbar will now look like:
Explanations of Each Tool
The following is the explanation of each tool on this tool-bar.
1: Choose mouse as cursor, change mouse to the default cursor
2: Select Cross-Hair cursor, a type of cursor that maps coordinates to the axis of the charts
3: Draw a vertical line
4: Draw a Horizontal line
5: Draw a trend line
6: Equidistant Channel
7: Fib Retracement
8: Text button
9: Text Label Button
10: Fibo Expansion
11: Trend by Angle
12: Linear Regression Channel
13:Standard Deviation Channel
14: Gann Lines
15: Gann Fan
16: Gann Grid
17: Fib Time zones
18: Fibonacci Fan
19: Fibo Arc
20: Cycle Lines
21: Andrew's Pitchfork
22: Insert Ellipse
23: Insert Triangle
24: Insert Rectangle
25: Fibonacci Channels
26: Draw Arrows
How to Remove Tools from Software
As a trader you will not need all these button keys and you can hide some of them by clicking the customize button key, then select some of the items on the right window and then select hide.
Remove the above tools by clicking on them and then clicking the remove button, to save space on your MetaTrader 4 software workspace.
