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Setting Arrows on XAUUSD Charts on the MT5 Platform

The arrows button on the MT5 under the insert menu options is used to plot arrows on the charts within the MetaTrader 5 Software Platform. The arrow MT5 buttons is shown below.

Platform MT5 Placing Arrows on Charts on MT5 - XAUUSD Gold MT5 Add Arrows in MetaTrader 5 Charts

Following arrows can be plotted on the MetaTrader software under this arrow MT5 buttons option:

  1. Thumb Up
  2. Thumb Down
  3. Arrows Up
  4. Arrows Down
  5. Stop Sign Maker
  6. Check Sign Maker
  7. Left Price Label
  8. Right Price Label

Thumbs Up & Thumbs Down Arrows

Thumbs up and thumbs down button can be used on price chart to mark levels where traders can open trade transactions and show levels where traders can close trade. The thumbs up & thumbs down arrows are illustrated below. As a gold trader to adjust width, rightclick in these arrows, select properties and choose a different line width.

MT5 Add Arrows on MetaTrader 5 Charts - How to Interpret/Analyze MetaTrader 5 Platform Software Tutorial Guide Chart Analysis Beginner Traders Guide

Arrow Up & Arrow Down Arrows

The arrow up & arrow down arrows are used to show the levels where a trader opens a buy trade position or levels where a trader opens a sell trade, these arrow MT5 buttons are shown below.

Trading MT5 Add Arrows on MT5 Charts - How to Interpret/Analyze a MT5 Chart Tutorial Course

Stop Sign and Check Sign

The stop sign and check sign can also be used to mark points where a trader opens and closes a trade, for examples the screen shot below shows where a trader opened a buy trade & closed the trade.

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Left Price Label and Right XAUUSD Price Label

The Price labels are used to show prices on the particular level that these labels are set, the right price label will pop up to the right side of the price while the left side will appear to the left side of the price like displayed on the example illustration illustrated and explained below.

Platform MT5 Placing Arrows on XAUUSD Charts on MetaTrader 5

MetaTrader arrow MT5 buttons & price labels set on the price charts within the MetaTrader 5 Software Platform.

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