How to use MT5/MT4
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In MT4, you can draw trendlines anywhere on the chart. Here, we explain the basic methods for drawing, modifying, and customizing trendlines.
To draw a trendline, switch to trendline drawing mode using one of the following methods:
Click the trendline icon on the toolbar. Move the cursor to the chart, and it will switch to trendline drawing mode.
Select "Trendline" under "Insert" -> "Lines" in the menu. Move the cursor to the chart to switch to trendline drawing mode.
In trendline drawing mode, drag from the start point to the end point on the chart and release the mouse to complete the trendline.
To modify a line's position, first select the line. Here's how to toggle line selection:
A selected line shows small squares at the start, end, and midpoint. These indicate that the line is selected.
Double-click the line to toggle between selected and unselected states.
Drag the small squares at the start or end of the line to move these points freely.
To move the line without changing its shape, drag the square at the line's center.
For detailed modifications, use the line's properties window, accessible by:
Right-click the selected trendline and choose "Properties" from the menu.
Right-click the chart, select "Object List," click the desired line, and choose "Properties."
The properties window has three tabs: "Common," "Parameters," and "Visualization." Settings on the "Common" and "Parameters" tabs save for future trendline drawings.
On the "Common" tab, you can set the line's name and style.
Change the line's name under "Name." The name appears in the Object List.
Add a description under "Description." If "Show object descriptions" is checked in chart properties, this description appears near the line.
Specify the line's color, type, and thickness under "Style." Note that thicker lines can only be solid.
Check "Draw object as background" to display the line behind candlesticks.
On the "Parameters" tab, set the start and end positions by time and price, and configure line extensions.
Specify the start point at the top ("Time" and "Price") and the end point at the bottom ("Time" and "Price"). Use this for precise placement.
Check "Extend line" to extend the line from the end point.
On the "Visualization" tab, specify the timeframes on which the line is visible.
Check "Show on all timeframes" to display the line on all timeframes. Uncheck it to select specific timeframes for displaying the line.
