Placing Arrows on Stock Indices Charts in MT5
The arrows button on the MT5 under the insert menu options is used to draw arrows on the indices charts within the MT5 Indices Trading Platform. The arrow MetaTrader 5 buttons is displayed below.
The Following arrows can be plotted on the MetaTrader software under this arrow MetaTrader 5 buttons option:
- Thumbs Up
- Thumbs Down
- Arrow Up
- Arrow Down
- Stop Sign
- Check Sign
- Left Indices Price Label
- Right Indices Price Label
Thumbs Up and Thumbs Down Arrows
Thumbs up & thumbs down button can be used on stock indices price chart to mark levels where traders can open stock indices trades and show levels where traders can close trade. The thumbs up and thumbs down arrows are shown below. As a trader to adjust the width, right-click on these arrows, choose properties & select a different line width.
Arrow Up & Arrow Down Arrows
The arrow up & arrow down arrows are used to show the levels where a trader opens a buy indices trade or areas where a trader opens a sell indices trade, these arrow MT5 buttons are shown below.
Stop Sign and Check Sign
The stop sign & check sign can also be used to mark points where a trader opens & closes a trade, for examples the screenshot below shows where a trader opened a buy index trade and closed the open trade.
Left Indices Price Label & Right Indices Price Label
The Indices Price labels are used to show indices prices on the particular level which these labels are set, the right stock indices price label will pop-up to the right side of the stock indices price while the left side will popup to the left side of the stock indices price as shown on the stock indices trading examples explained below.
MetaTrader arrow MT5 buttons and stock indices price labels set on the stock indices price charts within the MT5 Indices Trading Platform.
