Placing Arrows on Crude Oil Trading Charts in MT4
The arrows button on the MT4 under the insert menu options is used to plot arrows on the oil charts within the MT4 Oil Platform. The arrow buttons is shown below.
Following arrows can be drawn on the MetaTrader software under this arrow button keys option:
- Thumbs Up
- Thumbs Down
- Arrow Up
- Arrow Down
- Stop Sign
- Check Sign
- Left Oil Trading Price Label
- Right Oil Trading Price Label
Thumbs Up and Thumbs Down Arrows
Thumbs up and thumbs down button can be used on crude oil 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 & choose 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 oil trade or levels where a trader opens a sell oil trade, these arrow buttons are shown below.
Stop Sign and Check Sign
The stop sign and 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 crude oil trade & closed the trade.
Left Crude Oil Price Label and Right Oil Trading Price Label
The Oil Trading Price labels are used to show oil prices on the specific level that these labels are set, the right crude oil price label will pop-up to the right side of the crude oil price while the left side will appear to the left side of the crude oil price as shown on the crude oil trading example explained below.
MetaTrader arrow buttons and crude oil price labels set on the crude oil price charts within the MT4 crude oil trading platform.
