All of these settings make it easier to read the chart for me. Yours might look different, so feel free to experiment. Note: Ask line might not show on the chart on higher timeframes because it will be too close to the Bid line. When I need to see the bigger picture, I find it useful switching to higher timeframe like Daily or Weekly and zooming out.
MT4 has this strange issue. Maybe this error is already fixed at the time you are reading this tutorial, but on this error still exists. As you can see, in the Template menu you can also load the template, remove the template, and choose to load the template from the list. To save the chart template, we have to give it a name. The new chart opens with the new styling already applied automatically by MT4 because of the Default Template. Both buttons are next to each other, and I always turn them on.
The button with the green arrow is for chart autoscroll. When it is enabled, the MT4 will scroll the chart to the very recent price bar on every price change. No matter how far you scroll back on the chart, it will always jump back to the current price bar when a new price tick arrives. So if you want to scroll back and examine the chart history, you should turn autoscroll off.
The button with the red arrow is for chart shift. When it is enabled, the MT4 will shift the chart a bit to the left to leave some space on the right side. I have highlighted that area in yellow. It is beneficial if you want to add some text or notes there, or maybe load an indicator which shows some useful information in that area.
If you look closely in the picture above, there is a small silver arrow pointing down at the top of the chart on the left side of the yellow area. You can drag this with the mouse to change the size of the empty space. By default, MT4 shows only the line for the Bid price. In this example, the Bid price is the gray line at 0. MT4 uses the Bid price to draw price bars a. So we always know what the Bid price was in the past. But we never know what Ask price was in the past because MT4 only shows the current Ask price.
In this example, the Ask price is the red line at 0. For example, if you prefer to work with colored candlestick on a white background you can start with a Black On White color scheme. You can change the zoom level as well, or in other words, the horizontal scaling of the chart.
Scaling out will make the bars or candles narrower with more of them fitting on a screen. Scaling in will make them wider, but fewer of them will fit on the screen. So if, for example, you like to work with a moving average , ATR , and stochastic , you can add your favorite indicators with your preferred input parameters.
Remember that if you use custom indicators , you can also save them to a chart template default or otherwise. And finally, in a template, you can also configure the expert advisor that you want attached to the chart.
It is important to understand the difference between templates and profiles in MetaTrader. A profile, instead, is a set of charts open at the same time on a specific timeframe and with specific assets or pairs. If you want to get news of the most recent updates to our guides or anything else related to Forex trading, you can subscribe to our monthly newsletter.
The following can be stored in a template: chart type and color; color diagram; chart scale; OHLC line shown or hidden; the attached expert advisor and its parameters; the imposed custom and technical indicators with their settings; line studies; separators of days.
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