Line Studies Toolbar Menu on MetaTrader 4
Sometimes traders will say "oh, I can not find Fibo 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 trading tools that are not shown by default on the MT4 Indices Platform. So how can a trader add a tool, to the line studies toolbar shown below?
Customize a Toolbar on Stock Indices Trading Platform
To add a tool not listed above a trader has to follow the following steps
- Right-Click at the tool-bar button key to the left of this(Looks like a stack of coins)as displayed below
3. Click customize 4. Add all Tools
Following customize popup panel will appear:
Select all the tools from the left window 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 toolbar.
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 stock indices trend line
6: Equidistant Channel
7: Fibonacci Retracement
8: Text button
9: Text Label Button Key
10: Fibo Expansion
11: Stock Indices Trend by Angle
12: Linear Regression Channel
13:Standard Deviation Channel
14: Gann Lines
15: Gann Fan
16: Gann Grid
17: Fib Time zones
18: Fib Fan
19: Fibo Arc
20: Cycle Lines
21: Andrew's Pitchfork
22: Insert Ellipse
23: Insert Triangle
24: Insert Rectangle
25: Fib Channels
26: Draw Arrows
How to Remove Tools from Indices Trading Software
As a trader you will not need all these button keys and you can hide some of them by clicking the customize button key, then select some of the items on right window and then select hide.
Remove the above tools by clicking on them & then clicking the remove button, so as to save space on your MT4 software workspace.
