Insert Andrew's Pitch Fork, Cycle Lines, XAUUSD Chart Text and Text Label

The last four options on the MT4 software platform insert menu are:

Andrew's Pitch Fork
Cycle Lines
Text
Text Label

These are shown below:

Insert Menu Options in MT4 Platform

Andrew's Pitchfork

The Andrews Pitchfork is drawn between three points first point is mid point of price, the next is the upper point of price & the third is the lower point of price. This draws 3 parallel lines which form a channel. Price should trend within this channel, if price moves outside signal of the channel like in the examples illustrated and shown & described below the trade should be closed.

Andrew's Pitchfork on MT4 Platform Software

Cycle Lines

Cycle lines are vertical lines plotted at an equal distance representing market trading cycles. To plot these lines one selects one continuous trend and draws a line between the high and low of the trend & then this MT4 indicator automatically draws the cycle line, these lines represent the market cycles.

Cycle Lines MT4 Indicator

Text and Text Label

As a trader you might want to mark a price level on your chart. To do this you as a trader can either use the text or text labels, Choose and Select any of this button, choose & select where to place and set these labels after which a pop up appears prompting you to put text of the label. To edit text label double click on it & then this pop-up will appear again & edits can be done on this popup window.

Text & Text Labels on MT4 Platform Software

From the example illustration above buy is a text & the sell is a text label, both are not much different only that the specified text will move with the trading chart, while the text label is fixed at one point and won't move with the chart.

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Insert Andrew's Pitch Fork, Cycle Lines, XAUUSD Chart Text and Text Label

Andrew's Pitchfork

Cycle Lines

Text and Text Label