Placing Arrows on Stock Index Charts in MetaTrader 4
The arrows button on the MT4 under the insert menu options is used to draw arrows on the stock index charts within the MT4 Platform. The arrow buttons is shown below.
The 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 Indices Price Label
- Right Indices Price Label
Thumbs Up and Thumbs Down Arrows
Thumbs up and thumbs down button can be used on stock index 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 shown below. As a trader to adjust the width, right click on these arrows, select properties and choose a different line width.
Arrow Up & Arrow Down Arrows
The arrow up and arrow down arrows are used to show the levels where a trader opens a buy stock indices trade or areas where a trader opens a sell stock indices trade, these arrow buttons are shown below.
Stop Sign & Check Sign
The stop sign & check sign can also be used to mark points where a trader opens and closes a trade, for examples the image below shows where a trader opened a buy stock indices trade & closed the trade.
Left Stock Indices Price Label and Right Indices Price Label
The Indices Price labels are used to show stock index prices on the specific level which these labels are set, the right stock index price label will pop-up to the right side of the stock index price while the left side will popup to the left side of the stock index price as shown on the stock indices example illustrated below.
MetaTrader arrow buttons and stock index price labels set on the stock index price charts within the MT4 platform.
