Customizing and Arranging Charts Toolbars in MT5 Software
Charts Tool bars are the most widely used tools in the MT5 platform. Therefore, the name MT5 tool bars: meaning a list in bar format of the most commonly used tools in the platform. These are used mostly for trading, placing indicators, placing forex technical analysis indicators, placing EAs or plotting line studies.
There are four main ones are shown and illustrated below.
Names of Toolbars
There are 4 main toolbars, these are named:
- Standard
- Charts
- Line Studies
- Periodicity
These are listed below:
All these Four will be covered in different topics, However, for now let's look at How Do I Customize These Bars?
How to Customize
For customizing, a trader can either move the MT5 toolbar to a different location, maybe a little to the left or to the right. Or another option is to add or remove MT5 buttons from its list.
Moving a Tool Bar on FX Trading Software
To move, follow the guide-lines below:
Step 1: Click and Hold Down Mouse Button at the position Shown below.
Step 2: While still holding down the mouse button, drag the mouse to position 2 as shown below & release the mouse button, this will move MT5 toolbar to the new position (position 2.)
Adding Buttons to FX Trading Platform
Step1: Right Click the customize button as Shown Below:
Next Step: For this Example we shall use the Customize Pop-up Window Panel
After clicking customize as illustrated above, the following pop-up pops up:
Step1: Select Any Tool on the Left, To add it Click insert button on middle as shown above.
For example choosing Fibo Expansion and clicking insert will add this indicator in the Right side Panel named 'Selected'
To move the technical indicator up or down use UP or DOWN Button Keys on right side, displayed above:
the MT5 tool-bar will now look like:
Customizing Tool Bars : If there is any tool that is not placed on the list, you can use this option to add it to the list, just like the above example where Fibonacci Expansion was not listed and now it has been added. If you don't know where an item is located and on which tool bar, right click in customize button key on the left side of any of the four tool bars, & view list of all the names of all items that can be added, these will be on the left window on this customize window.
Also you can remove some tools, the ones you don't use, so as to save on the space also, for example if you trade only with 15 minute, 1 Hour and 4 hour charts, you can hide all the other time frames on Periodicity bar and remaining with only these Three time-frames.