Charts Toolbar Menu and How to Customize it on MT4

The Charts toolbar on the MT4 is shown below.

Before explaining how to use each item listed on this charts tool-bar, let's make sure all the available tools are added to it by customizing it:

1. Right-Click at the customize button key to the left of this tool bar (Looks like a stack of coins) as shown below.

2. Click customize 3. Add all Tools

How to Customize

After adding the customize window will look like:

The tool bar will now look like:

Explanations of Stock Tools Listed

The following guide explains how to trade with each of the buttons numbered below:

1: Bar button, sets the chart drawing technique to Bars

2: Candlesticks button, sets the chart drawing method to Candles

3: Line button, sets the chart drawing technique to Line plot

4: Zoom In, zooms in

5: Zooms Out, zooms out

6: Auto Zoom, automatically zooms chart to highlight the most recent stock price candlesticks automatically once it has been clicked. That way the workspace of the prices shows the real time candle that's being quoted in that moment.

7: Chart Shift, shifts the recent stock price candle-stick towards the center, therefore leaving space between the most recent candlestick and the extreme right side of the MetaTrader 4 software, making it easier for technical analysis.

8: Indicators menu shows list of all indicators & from this list a trader can choose a particular indicator, double-click on it to place it on the trading panel.

9: Periodicity displays all the chart timeframes and a trader can change to a different time frame for the from the one they are using by clicking this periodicity shortcut button.

10: Indices Step by Step is used to backtest manual indices systems where one places their system on a stock chart, moves it back for about two months, then starts to move it trading step by step while at the same time recording where their strategy would have given a buy stock signal or a sell stock trading signal or an exit signal, just the same way a trader would have traded realtime while the prices update.

11: Templates Button Key used to save new templates and load templates that have been saved on the platform.

All the buttons provide short-cuts instead of traders looking for these option the long way using the main navigation menu, a trader just clicks a tool & gains quick access to it. The toolbar will mainly contain the tools that are frequently used by a trader within the MT4 Software.