Technical drawing tools are built into the MT4 terminal to help you analyze the charts. To learn how to apply them, see the short guide that we’ve prepared below:
Lines are manually imposed to a chart and can be used for marking up things as horizontal levels of support and resistance, specific price levels, time periods, trends and so on:
Double-Click a line to select and modify it. Right-click on a selected line for more options.
Shapes such as rectangles, triangles and ellipses can be applied to a price or indicator chart. These objects can be used to highlight price action patterns, boxes, pennants, significant swings in price and so on:
Same as with the lines, double-click shapes to modify them, and right-click a selected shape for more options.
Equidistant Channel, Symbols, Arrows and Price Labels
Various other channels, arrows and symbols can be applied to a chart to help you study price action. They can be found in the “Line Studies” Toolbar:
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