Line Studies Toolbar Menu on MT4
Sometimes traders will claim "oh, I can't find Fibonacci expansion tool on my MT4 where can I get it?"
The thing is that all these line studies are located on the line studies tool-bar: however, by default not all are set to display, hence a trader must know where to get these tools that are not shown by default on the MT4 Stock Software. So how can a trader add a tool, to the line studies tool bar shown below?
Customize a Toolbar on Stock Indices Software
To add a tool not listed above a trader has to follow the steps below
- Right Click at the tool-bar button key to the left of this(Looks like a stack of coins)as displayed below
3. Click customize 4. Add all Tools
Following customize panel popup will appear:
Choose all the tools from the left window panel & add them: After adding this will look like:
The toolbar will now look like:
Explanation of Each Tool
The following is the explanation of each tool on this tool bar.
1: Choose mouse as cursor, change mouse pointer to the default cursor
2: Select Cross Hair cursor, a type of cursor that maps coordinates to the axis of the charts
3: Draw a vertical line
4: Draw a Horizontal line
5: Draw a trend line
6: Equidistant Channel
7: Fib Retracement
8: Text button
9: Text Label Button Key
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: Fib Time zones
18: Fib Fan
19: Fibo Arc
20: Cycle Lines
21: Andrew's Pitchfork
22: Insert Ellipse
23: Insert Triangle
24: Insert Rectangle
25: Fibonacci Channels
26: Draw Arrows
How to Remove Tools from Trading Software
As a trader you'll not require all these button keys & you can hide some of them by clicking on customize button key, then choose some of the items on right window and then choose hide.
Remove the above tools by clicking on them and then clicking the remove button, to save space on your MetaTrader 4 software workspace.
