Trade Stock Indices

Line Studies ToolBar Menu on MT4

Sometimes traders will claim "oh, I can't find Fib extension tool on my MetaTrader 4 where can I get it?"

The thing is that all these line studies are located on the line studies toolbar: however, by default settings not all are set to display, therefore a indices trader must know where to get these tools that aren't put to display by default on the MetaTrader 4 Stock Software. So how can a stock index trader add a trading tool, to the line studies toolbar illustrated below?

Line Studies Toolbar Menu on MT4

Customize a Toolbar on Index Software

To add a trading tool not listed above a stock indices trader has to follow the steps outlined below

  1. Right Click at the tool-bar button to the left of this (It looks like a stack of many coins) like displayed below

How Do I Customize and Add Tools on the Line Studies Toolbar in MT4?

3. Press customize 4. Add all Tools

Following customize panel popup will appear:

Add Line Tools to the Line Studies Toolbar on MetaTrader 4 - Customizing Line Studies Toolbar Menu on MT4

Choose all the tools from the left panel window and add them: After adding this will look like:

Customize and Adding All Tools to the Line Studies Toolbar on MT4

The toolbar will now look like:

All Tools on Line Studies Toolbar in the MT4 Software Platform

Explanation of Each Tool

The following is the explanation of each tool on this toolbar.

Indices Line Studies Toolbar Menu

1: Choose mouse as cursor, change mouse pointer to the default cursor

2: Select Cross Hair cursor, a type of cursor that maps the coordinates to the axis of the trading charts

3: Draw a vertical line

4: Draw a Horizontal line

5: Draw a trendline

6: Equidistant Channel

7: Fib Retracement

8: Text button

9: Text Label Button

10: Fibo Expansion

11: Trend by Angle

12: Linear Regression Channel

13:Standard Deviation Channel

14: Gann Lines

15: Gann Fan

16: Gann Grid

17: Fibonacci Time zones

18: Fib Fan

19: Fibo Arc

20: Cycle Lines

21: Andrew's Pitch Fork

22: Insert Ellipse

23: Insert Triangle

24: Insert Rectangle

25: Fibonacci Channels

26: Draw Arrows

How to Remove Tools from Trading Platform

As a trader you'll not require all these button keys & you as a Stock Index trader can hide some of them by clicking on customize button, then choose some of the items on right window and then choose hide.

How to Remove a Tool from the Lines Toolbar on MetaTrader 4 - Stock Index MT4 Tool Bars Guide

Remove the above tools by clicking on them and then pressing remove button, to save space on your MT4 software workspace.

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