Placing Arrows on Charts on MetaTrader 4
The arrows button on the MetaTrader 4 under the insert menu options is used to plot arrows on the charts within the MetaTrader 4 Platform Software. The arrow buttons is illustrated below.
Following arrows can be drawn on MetaTrader trading software under this arrow buttons option:
- Thumbs Up
- Thumbs Down
- Arrow Up
- Arrow Down
- Stop Sign Mark
- Check Sign Mark
- Left Price Label
- Right Price Label
Thumbs Up & Thumbs Down Arrows
Thumbs up & thumbs down button can be used on price chart to mark levels where traders can open trades & show levels where traders can close trade. Thumbs up & thumbs down arrows are shown below. As a gold trader to adjust the width, rightclick on these arrows, choose properties and choose a different line width.
Arrow Up and Arrow Down Arrows
The arrow up and arrow down arrows are used to display the levels where one opens a buy trade or areas where a trader opens a sell gold trade, these arrow button keys are illustrated below.
Stop Sign & Check Sign
The stop sign and check sign also can be used to highlight points where a trader opens and closes a trade, for example the image below shows where a trader opened a buy trade and closed the trade.
Left Price Label and Right Price Label
The Price labels are used to display trading prices on the particular level which these labels are set, the right trading price label will appear to the right side of the price while the left side will popup to the left side of the price just as illustrated in the example illustration depicted & described below.
MetaTrader arrow buttons and trading price labels set on the price charts within the MetaTrader 4 software.
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