Placing Arrows on Charts in MetaTrader 5
The arrows button on the MT5 under the insert menu options is used to draw arrows on the charts within the MT5 Software. The arrow MT5 buttons is illustrated below.
The Following arrows can be plotted on the MetaTrader software under this arrow MetaTrader 5 buttons option:
- Thumbs Up
- Thumbs Down
- Arrow Up
- Arrow Down
- Stop Sign Maker
- Check Sign Maker
- Left Price Label
- Right Price Label
Thumbs Up and Thumbs Down Arrows
Thumbs up & thumbs down button 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 & thumbs down arrows are shown below. As a trader to adjust the width, right click on these arrows, select properties & select a different line width.
Arrow Up & Arrow Down Arrows
The arrow up & arrow down arrows are used to show the levels where a trader opens a buy trade or areas where a trader opens a sell trade, these arrow MT5 buttons are illustrated below.
Stop Sign and Check Sign
The stop sign and check sign can also be used to mark points where a trader opens & closes a trade, for example the image below shows where a trader opened a buy trade & closed the trade.
Left Price Label & Right Price Label on Platform
The Price labels are used to show prices on the particular level which these labels are set, the right price label will pop-up to the right side of the price while the left side will popup to the left side of the price as shown on the trading example below.
MetaTrader arrow MT5 buttons & price labels set on the price charts within the MT5 Software.
