Line Studies ToolBar Menu in the MetaTrader 4 Platform
Sometimes traders will claim "oh, I can't find Fibonacci extension tool on my MT4 where can I get it?"
All these line tools are located on the line studies tool-bar: however, by default settings not all of them are set to display and-show, henceforth a gold trader must know where to get these tools that aren't shown by default on the MetaTrader 4 Platform. So how can a gold trader add a trading tool, to the line studies toolbar shown below?
Customize a Tool-Bar on Platform Software
To add a trading tool that is not listed above a trader has to follow these steps
- Right Click at the tool bar button to the left (Looks like a stack of coins) just as displayed and shown below
3. Press customize 4. Place all Tools
The following customize pop-up panel will appear:
Choose and Select all the tools from the left window and add them: After adding this it will look like:
The toolbar will now look like:
Explanations of Each Tool
The following is the explanation of each tool on this tool-bar.
1: Select/Choose mouse as cursor, change mouse to the default cursor
2: Select/Choose Cross-Hair cursor, a type of cursor which maps the coordinates to the axis of the charts
3: Draw a vertical line
4: Draw a Horizontal line
5: Draw a trend-line
6: Equidistant Channel
7: Fib Retracement
8: Text button
9: Text Label Button
10: Fibo Expansion
11: Trend by Angle
12: Linear Regression Channel
13:Standard Deviation Channel
14: Gann Lines
15: Gann Fan
16: Gann Grid
17: Fib Time zones
18: Fibonacci 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 Trading Platform
As a trader you'll not need all these buttons and you as a trader can hide some of them by clicking the customize button, then choose and select some of the items on the right window panel & then choose hide.
Remove the above tools by clicking on them and then pressing the remove button, to save space in your MT4 platform work space.
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