Placing Arrows on Stock Indexes Charts in MT4
The arrows button on the MT4 under the insert menu options is used to draw arrows on the indices charts within the MT4 Indices Trading Platform. The arrow buttons is shown below.
The Following arrows can be drawn on the MetaTrader under this arrow 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 and thumbs down button can be used on stock indexes 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 indices trader to adjust the width, right click on these arrows, select properties and select a different line width.
Arrow Up and Arrow Down Arrows
The arrow up and arrow down arrows are used to show the levels where a indices trader opens a buy indices trade or levels where a indices trader opens a sell indices trade, these arrow buttons are shown below.
Stop Sign and Check Sign
The stop sign and check sign can also be used to mark points where a indices trader opens and closes a trade, for example the image below shows where a indices trader opened a buy indices trade and closed the trade.
Left Indices Price Label and Right Indices Price Label
The Indices Price labels are used to show indices prices on the particular level that these labels are set, the right stock indexes price label will appear to the right side of the stock indexes price while the left side will appear to the left side of the stock indexes price as shown on the stock indexes trading example explained and illustrated below.
MetaTrader arrow buttons and stock indexes price labels set on the stock indexes price charts within the MT4 stock indexes trading platform.