Placing Arrows on Charts in MT4
The arrows button on the MT4 under the insert menu options is used to plot arrows on the charts within the MT4 Trading Platform. Arrow button keys is illustrated below.
Following arrows can be drawn 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 and Thumbs Down Arrows
Thumbs up & 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. The thumbs up and thumbs down arrows are exhibited below. As a trader to adjust the width, right-click 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 show the levels where a trader opens a buy trade or levels where a trader opens a sell 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 screenshot below shows where a trader opened a buy silver trading and closed the trade.
Left Price Label & Right Price Label
The Price labels are used to show prices on the specific level that these labels are set, the right price label will popup to the right side of the price while the left side will appear to the left side of the price as exhibited on the example explained and shown below.
MetaTrader arrow buttons and trading price labels set on the price charts within the MT4 platform.
What is a Trade Plan? - Writing a Plan Example Template
Alternatives: EA Automated Robots or Copier Trade Signals
