Line Studies Toolbar Menu in MT4 Software

Sometimes traders will say "oh, I can not 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 toolbar: however, by default not all are set to display, therefore a trader must know where to get these tools that are not displayed by default on the MetaTrader 4 Platform. So how can one add a tool, to the line studies toolbar shown below?

Customize a Toolbar on Software

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

1. Right-Click at the toolbar button to the left of this(Looks like a stack of coins)as shown below

3. Click customize 4. Add all Tools

The following customize window panel pop up will appear:

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

The tool bar will now look like:

Explanations of Each Tool

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

1: Choose mouse as cursor, change mouse to the default cursor

2: Choose 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 oil trend line

6: Equidistant Channel

7: Crude Oil Fibo Retracement

8: Text button

9: Text Label Button Key

10: Oil Fib 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: Fibonacci 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 Oil Software

As a trader you'll not require all these button keys and you can hide some of them by clicking on the customize button key, then select some of the items on the right window and then select hide.

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