Trade Forex Trading

Placing Arrows on Charts in MetaTrader 4

The arrows button on the MT4 under the insert menu options is used to draw arrows on the charts within the MT4 Software. The arrow buttons is shown below.

Placing Arrows on Charts on MT4 - Placing Arrows on Charts in MT4

The Following arrows can be drawn on the MetaTrader software under this arrow buttons option:

  1. Thumbs Up
  2. Thumbs Down
  3. Arrow Up
  4. Arrow Down
  5. Stop Sign
  6. Check Sign
  7. Left Indices Price Label
  8. Right Indices Price Label

Thumbs Up and Thumbs Down Arrows

Thumbs up and 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 and thumbs down arrows are revealed below. As a trader to adjust the width, right-click on these arrows, select properties and choose a different line width.

Thumbs Up and Thumbs Down Arrows in MetaTrader Indices Platform - Placing Arrows on Charts in MT4

Arrow Up & Arrow Down Arrows

The arrow up and 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 buttons are shown below.

Arrow Up and Arrow Down Arrows in MetaTrader Stock Indices Software - MetaTrader Trading Software Tutorial

Broker

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 trade & closed the trade.

Stop Sign and Check Sign on MetaTrader Indices Software - Placing Arrows on Stock Indices Charts in MT4

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 price label will popup to the right side of the price while the left side will popup to the left side of the price as pictured on the example illustrated below.

Left Indices Price Label and Right Indices Price Label on MetaTrader Stock Indices Platform

MetaTrader arrow buttons and price labels set on the price charts within the MT4 software.