MT4 has a rich tool base that traders can take advantage of. One of them is the possibility to place trendlines on charts. Whether you are trading a trend, range, channel, or any other trading strategy, you can easily benefit fromMetaTrader 4trendline drawing tools. Here is the scope of ...
ThisMetaTrader 4tutorial I will provide you with a quick, easy rundown on everything you need to know to perform a MetaTrader 4 setup, how to trade using MT4 and much more. Through step-by-step tutorials, and with the use of screenshots and detailed explanations, this MetaTrader 4 review ...
Part 1: This is how you draw a negative Fibonacci retracement that first reacts off the 61.8% Fibonacci retracement before dropping beyond point 2 (the ending point). Part 2: You can see how price drops really nicely to the -27.2% Fibonacci retracement level where it bounces up. ...
Some alerts can have multiple dependencies (e.g. one line crossing the price while two other lines cross each other), other alerts might depend on time, volume, additional calculations, or a combination of various factors. It is even possible to add alerts to indicators that do not use ...
then left click to identify the starting point. Keep the left mouse button pressed and highlight the endpoint. You will see the number of candlesticks, distance in pips, and last value. Line studies also allow you to draw vertical, horizontal, and trend lines, adding equidistant channels and...
Target lines for next blocks– changes the style of the indicator lines Draw on top of the chart– decides whether Renko blocks appear in the foreground or the background Alerts on new blocks– sets up alerts for when new blocks are being drawn ...
To draw a three-dimensional object on a flat space, a model of this object in X, Y and Z coordinates should be obtained first. It means that each point on the object surface should be described by specifying its coordinates. Ideally, one would need to describe an infinite number of point...
I want to draw your attention to the fact that this example was calculated for equal volumes of orders. That is, at the same levels we have implemented closure of not an order, but of the same volume. And, if we strictly adhere to the principle of closing the volume, it does not ...
Money market fund return rates tend to be higher than those of MMAs, but their biggest drawback is that they aren’t FDIC- or NCUA-insured. The Bottom Line Money market accounts are best for people who want better returns on their money than they would get with most savings accounts ...
The MACD histogram graphically represents the difference if there's a $5 gap between the two lines. The MACD histogram is plotted on a chart to make it easy for traders to determine a specific security’smomentum. A histogram bar is positive when the MACD line is above thesignal line. It...