Line Studies Toolbar Menu on MetaTrader 5
Sometimes traders will say "oh, I can not find Fibo expansion tool on my MT5 where can I get it?"
The thing is that all these line studies are located on the line studies toolbar: however, by default not all are set to display, therefore a trader must know where to get these tools that are not displayed by default on the MT5 Bitcoin Software. So how can a trader add a tool, to the line studies MT5 toolbar shown below?
Customize a Toolbar on BTCUSD Trading Software
To add a tool not listed above a trader has to follow these steps
- Right Click at MetaTrader 5 toolbar button key to the left of this(Looks like a stack of coins)as displayed below
3. Click customize 4. Add all Tools
Following customize window panel pop up will appear:
Select all the tools from the left window panel & add them: After adding this will look like:
The MT5 toolbar will now look like:
Explanations of Each Tool
The following is explanation of each tool on this toolbar.
1: Choose mouse as cursor, change mouse to the default cursor
2: Choose Cross-Hair cursor, a type of cursor that maps coordinates to the axis of the charts
3: Draw a vertical line
4: Draw a Horizontal line
5: Draw a bitcoin trend line
6: Equidistant Channel
7: Fib Retracement
8: Text button
9: Text Label Button Key
10: Fibo Expansion
11: bitcoin 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: Fib Fan
19: Fibonacci Arc
20: Cycle Lines
21: Andrew's Pitchfork
22: Insert Ellipse
23: Insert Triangle
24: Insert Rectangle
25: Fib Channels
26: Draw Arrows
How to Remove Tools from Bitcoin Trading Platform
As a trader you will not need all these button keys and you can hide some of them by clicking on the customize button key, then select some of the items on the right window & then select hide.
Remove the above tools by clicking on them & then clicking the remove button key, so as to save space on your MT5 Bitcoin Trading Platform workspace.
