Started by RoboForex, Apr 20, 2022, 01:11 pm
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This article is devoted to working with charts on a popular platform MetaTrader 4. Charts help to track and analyze quotes movements of financial instruments, as well as to forecast their future behaviour.
A new chart on MetaTrader 4 can be created several ways:
MT4 allows for opening up to 100 charts of various assets. They can be sorted out in the Window menu.
There are several arrangement patterns:
To set up chart properties, click Chart - Properties (F8). Alternatively, right-click the chart and choose Properties in the unfolding menu. A setting window will open with two tabs - Colors and Common.
In the unfolding window Color Scheme, choose on of the three schemes available:
Also, you can design your own colour scheme, setting up colours of each element:
In this tab, 4 main chart parameters can be set up.
1. Chart type:
2. Chart properties:
4. Instrument representation:
To change the TF, click Charts - Timeframes - and choose the one you need. Moreover, use active buttons in the upper terminal menu.
To add indicators to the chart click Insert - Indicators and choose the one you need. Alternatively, click an active button with a green cross in the upper menu.
MT 4 features many popular indicators of the following groups:
To add various instruments to the chart, click Insert or corresponding active buttons of the upper menu.
There are several groups of instruments:
After editing is complete, you can save your settings as a template. Saved settings will then be applied to newly opened charts.
To save your settings, right-click the chart and choose Template - Save Template - enter name. The template can than be uploaded to the chart the same way: right-click - Template - Load Template - choose the one you need.
You can create different templates with various settings: chart design, indicators, and instruments. The whole set of open charts with their properties and templates is saved to a different profile.
To save the profile, click File - Profiles - Save As - enter name. Alternatively, click a button with the name of the active profile at the bottom of the terminal and choose the one you need from the unfolding list.
Regardless of its quite old age - as you remember, the platform was created in 2005 - MetaTrader 4 remains one of the most popular trading programmes. There are many secrets to such success, including understandable and user-friendly ways of setting up charts of various analysis and trading instruments.
See more about MetaTrader 4 functions in the following articles:
How to Use MetaTrader 4 (MT4): Complete Guide for Beginners
The post How to Set Up Charts on MetaTrader 4 appeared first at R Blog - RoboForex.
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