Placing Arrows on Stock Indices Charts in MT4
The arrows button on the MT4 under the insert menu options is used to draw arrows on the charts within the MT4 Indices Trading Platform. Arrow button keys is illustrated below.
The Following arrows can be plotted on the MetaTrader platform under this arrow buttons option:
- Thumbs Up
- Thumbs Down
- Arrow Up
- Arrow Down
- Stop Sign
- Check Sign
- Left Price Label
- Right Price Label
Thumbs Up and Thumbs Down Arrows
Thumbs up & thumbs down button can be used on price chart to mark levels where traders can open 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 and select a different line width.
Arrow Up & Arrow Down Arrows
The arrow up and arrow down arrows are used to show the levels where a trader opens a buy trade or areas where a trader opens a sell trade, these arrow button keys are shown below.
Stop Sign and Check Sign
The stop sign and check sign can also be used to mark points where a trader opens and closes a trade, for examples the screenshot below shows where a trader opened a buy index trade and closed the open trade.
Left Price Label and Right Price Label
The Price labels are used to show prices on the specific level which these labels are set, the right price label will appear to the right side of the price while the left side will popup to the left side of the price as shown on the example illustrated below.
MetaTrader arrow buttons and price labels set on the price charts within the MT4 platform.
What's a Stock Index Trading Plan? - Stock Indices Trading Plan Example
Alternatives: Automated EA Trading or Copy and Paste Signals
