Line Studies ToolBar Menu in the MT4
Sometimes traders will claim "oh, I can't find Fib extension tool on my MetaTrader 4 where can I get it?"
All line studies sit on the toolbar. But defaults hide some. An indices trader needs to know how to add them in MetaTrader 4. How does a trader add a tool to the toolbar shown below?
Customize a Toolbar on Index Software
To add a trading tool not listed above a stock indices trader has to follow the steps outlined below
- Right Click at the tool-bar button to the left of this (It looks like a stack of many coins) like displayed below
3. Press customize 4. Add all Tools
Following customize panel popup will appear:
Choose all the tools from the left panel window and add them: After doing this, it will appear as follows:
The tool-bar will now appear as:
Explanation of Each Tool
The following is the illustration of each tool on this toolbar.
1: Choose mouse as cursor, change mouse pointer to the default cursor
2: Select/Choose Cross Hair cursor, a type of cursor that maps the coordinates to the axis of the trading charts
3: Draw a vertical line
4: Draw a Horizontal line
5: Draw a trendline
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: Fibonacci Time zones
18: Fib Fan
19: Fibonacci Arc
20: Cycle Lines
21: Andrew's Pitch Fork
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 require all these button keys & you can hide some of them by clicking on customize button, then choose and select some of the items on right window & then choose hide.
Remove the above tools by clicking on them and then pressing remove button, to save space on your MT4 software workspace.
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