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Line Studies Toolbar Menu on MT4

Sometimes traders will claim "oh, I can't 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 Platform. So how can a trader add a tool, to the line studies tool bar shown below?

MT4 Line Studies Toolbar Menu Tutorial - Charts MT4 Line Drawing Toolbar Menu PDF

Customize a Toolbar on Software

To add a tool not listed above one has to follow these steps

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

MetaTrader 4 Line Studies Toolbar Menu Tutorial Explained - MetaTrader 4 Trading Toolbar Menu

3. Click customize 4. Add all Tools

The following customize pop up panel will appear:

MT4 Line Studies Toolbar Menu Example - Toolbar Menu and Customizing Toolbar Menu on MetaTrader 4

Choose all the tools from the left window & add them: After adding this will look like:

Customize and Adding All Tools to the Line Studies Toolbar on MT4 - Customizing Toolbar Menu on MetaTrader 4 Platform

The tool bar will now look like:

Customizing Line Studies Toolbar Menu in MT4 - MT4 Line Studies Toolbar Menu Tutorial

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Explanations of Each Tool

The following is the explanation of each tool on this toolbar.

MT4 Line Studies Toolbar Menu PDF

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 Key

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: Fibonacci Time zones

18: Fib 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 & you can hide some of them by clicking the customize button key, then select some of the items on the right window & then select hide.

MT4 Line Studies Toolbar Menu PDF - Customizing Toolbar Menu on MetaTrader 4

Remove the above tools by clicking on them & then clicking the remove button, to save space on your MetaTrader 4 software workspace.

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