Line Studies Toolbar Menu on MT5
Sometimes traders will say "oh, I can't find Fibonacci expansion tool on my MT5 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, therefore a trader must know where to get these tools that are not shown by default on the MT5 Indices Software. So how can a trader add a tool, to the line studies MT5 toolbar shown below?
Customize a Toolbar on Indices Trading Platform
To add a tool not listed above a trader has to follow the steps below
- Right-Click at MT5 tool bar button to the left of this (Looks like a stack of coins) as displayed below
3. Click customize 4. Add all Tools
The following customize window pop up will appear:
Choose all the tools from the left panel and add them: After adding this will look like:
The MT5 tool-bar will now look like:
Explanations of Each Tool
The following is the explanation of each tool on this tool bar.
1: Select mouse as cursor, change mouse 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 indices trend line
6: Equidistant Channel
7: Fib Retracement
8: Text button
9: Text Label Button Key
10: Fibonacci Expansion
11: indices trend by Angle
12: Linear Regression Channel
13:Standard Deviations Channel
14: Gann Lines
15: Gann Fan
16: Gann Grid
17: Fibo 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 Stock Indices Trading Software
As a trader you'll not require all these button keys and you can hide some of them by clicking on customize button key, then select some of the items on right window and then select hide.
Remove the above tools by clicking on them and then clicking the remove button, so as to save space on your MT5 Indices Trading Platform workspace.
