Placing Arrows on Charts on MetaTrader 4 Software
The arrows button on the MT4 under the insert menu options is used to plot arrows on the charts within the MT4 Platform. Arrow buttons is shown below.
Following arrows can be plotted on the MetaTrader software under this arrow buttons option:
- Thumbs Up
- Thumbs Down
- Arrow Up
- Arrow Down
- Stop Sign
- Check Sign
- Left Price Label
- Right Price Label
Thumbs Up & Thumbs Down Arrows
Thumbs up and thumbs down button key can be used on price chart to mark levels where traders can open trades and show levels where traders can close trade. Thumbs up & thumbs down arrows are shown below. As a trader to adjust the width, right-click on these arrows, select properties & choose a different line width.
Arrow Up and Arrow Down Arrows
The arrow up and arrow down arrows are used to show the levels where a trader opens a buy oil trade or levels where a trader opens a sell oil trade, these arrow buttons are shown below.
Stop Sign & Check Sign
The stop sign and check sign can also be used to mark points where a trader opens and closes a trade, for example the image below shows where a trader opened a buy oil trading and closed the trade.
Left Price Label and Right Price Label
The Price labels are used to show crude prices on the particular level that these labels are set, the right crude trading price label will pop up to the right side of the crude trading price while the left side will appear to the left side of the crude trading price as pictured on the oil example shown below.
MetaTrader arrow buttons and crude trading price labels set on the crude trading price charts within the MT4 software.
What is a Trade Plan? - Writing a Plan Example Template
Alternatives: EA Automated Robots or Copier Trading Signals
