Setting Arrows on XAUUSD Charts in MT5
The arrows button on the MT5 under the insert menu options is used to plot arrows on the charts within the MT5 Software. The arrow MT5 buttons is shown below.
Following arrows can be plotted on the MetaTrader software under this arrow MT5 buttons option:
- Thumb Up
- Thumb Down
- Arrows Up
- Arrows Down
- Stop Sign Maker
- Check Sign Maker
- Left Price Label
- 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 & show levels where traders can close trade. The thumbs up and thumbs down arrows are shown below. As a trader to adjust width, right click on these arrows, choose properties and choose a different line width.
Arrow Up & Arrow Down Arrows
The arrow up and arrow down arrows are used to show the levels where one opens a buy trade or levels where one opens a sell trade, these arrow MT5 buttons are shown below.
Stop Sign & Check Sign
The stop sign and check sign can also be used to mark points where one opens and closes a trade, for examples the screenshot below shows where a trader opened a buy trade & closed the trade.
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 as shown on the example depicted & explained below.
MetaTrader arrow MT5 buttons and price labels set on the price charts within the MT5 Software.
