Trade Stock Indices

Learn Stock Indices Trading

Insert Shapes on Charts on the MT4 Platform

To place shapes on the MetaTrader 4 Indices trading platform, a trader can use the Insert Menu and use the insert shapes button that is shown below.

Insert Shapes on Charts on the MetaTrader Indices Trading Platform

Insert Shapes on Indices Platform MetaTrader 4


The options of which shapes that can be drawn on the MT4 platform are:

  1. Rectangle
  2. Triangle
  3. Ellipse



Draw Rectangle

To draw a rectangle on mMT4 charts, a trader will select the rectangle button and then select between which points on a Indices chart to draw this rectangle. To adjust a triangle that has already been drawn, a trader can also double click anywhere on this shape and then select the square buttons that appear at all the corners of this rectangle and drag them to adjust this rectangle.

Draw Rectangle Shape on a Chart in MT4 Platform

Drawing Rectangle Shape on MT4 Indices Trading Charts


The rectangle shape is used to draw a consolidation range pattern where indices price breakout to one side will mean indices price movement will continue in that direction, as shown above, when the price breaks out upwards it continues to move in that direction.


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Draw Triangle

To draw a triangle, a trader can select the triangle button and then on the MetaTrader 4 chart, select 3 points, point 1, 2 and 3 after which the triangle is drawn within these three selected chart points. To adjust the triangle, just double click this triangle, then select the square buttons appearing on the edges as shown below and adjust the triangle points.

Draw Triangle Shape on Indices Chart on MT4 Trading Platform

Drawing Triangle on Indices Charts in MetaTrader 4 Platform



Draw Ellipse

To draw the ellipse shape, follow the steps below:

  1. Select the Ellipse button as shown above
  2. On the chart select point 1 and drag the mouse to point 2, (the ellipse will appear as a line)
  3. Double click the ellipse using the small squares at the middle, click, hold and drag this square and the ellipse will be adjusted as shown below.


Draw Ellipse Shape on Indices Chart on MT4 Trading Platform

Drawing Ellipse Shape on MT4 Stock Indices Charts on MetaTrader 4 Platform

 

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