{"id":11955,"date":"2022-04-07T17:25:10","date_gmt":"2022-04-07T14:25:10","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=11955"},"modified":"2026-05-26T10:57:05","modified_gmt":"2026-05-26T07:57:05","slug":"how-to-set-up-charts-on-metatrader-4","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2022\/04\/07\/how-to-set-up-charts-on-metatrader-4\/","title":{"rendered":"How to Set Up Charts on MetaTrader 4"},"content":{"rendered":"\n

This article is devoted to working with charts on a popular platform MetaTrader 4<\/a>. Charts help to track and analyze quotes movements of financial instruments, as well as to forecast their future behaviour.<\/p>\n\n\n\n

<\/span><\/a>How to open chart window<\/span><\/h2>\n\n\n\n
A new chart on MetaTrader 4 can be created several ways:<\/p>\n\n\n\n
\n
Click File – New Chart, and then choose a financial instrument.<\/li>\n\n\n\n
In the Market Watch window, choose a financial instrument, left-click and drag it to the work area of the terminal.<\/li>\n\n\n\n
Right-click a ticker in Market Watch, and then click Chart Window.<\/li>\n\n\n\n
Click Window – New Window – an instrument from the list.<\/li>\n<\/ul>\n\n\n\n
$\"Opening$ <\/a>
Opening a new chart in MetaTrader 4<\/em><\/figcaption><\/figure>\n\n\n\n
MT4 allows for opening up to 100 charts of various assets. They can be sorted out in the Window menu.<\/p>\n\n\n\n
There are several arrangement patterns<\/a>:<\/p>\n\n\n\n
\n
Tile Windows<\/li>\n\n\n\n
Cascade<\/li>\n\n\n\n
Tile Horizontally<\/li>\n\n\n\n
Tile Vertically<\/li>\n\n\n\n
Arrange Icons.<\/li>\n<\/ul>\n\n\n\n
$\"Chart$ <\/a>
Chart arrangement in MT4<\/em><\/figcaption><\/figure>\n\n\n\n<\/span><\/a>How to set up chart properties<\/span><\/h2>\n\n\n\n
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.<\/p>\n\n\n\n
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<\/span>Colors tab<\/span><\/h3>\n\n\n\n
In the unfolding window Color Scheme, choose on of the three schemes available:<\/p>\n\n\n\n
\n
Yellow on Black<\/li>\n\n\n\n
Green on Black<\/li>\n\n\n\n
Black on White.<\/li>\n<\/ul>\n\n\n\n
Also, you can design your own colour scheme, setting up colours of each element:<\/p>\n\n\n\n
\n
Background<\/li>\n\n\n\n
Foreground<\/li>\n\n\n\n
Grid<\/li>\n\n\n\n
Bar Up<\/li>\n\n\n\n
Bar Down<\/li>\n\n\n\n
Bull Candle<\/li>\n\n\n\n
Bear Candle<\/li>\n\n\n\n
Line Graph<\/li>\n\n\n\n
Volumes<\/li>\n\n\n\n
Ask Line<\/li>\n\n\n\n
Stop Levels<\/li>\n<\/ul>\n\n\n\n
$\"Setting$ <\/a>
Setting up colour scheme on MT 4<\/em><\/figcaption><\/figure>\n\n\n\n<\/span><\/a>Common tab<\/span><\/h3>\n\n\n\n
In this tab, 4 main chart parameters can be set up.<\/p>\n\n\n\n
1. Chart type:<\/p>\n\n\n\n
\n
Japanese candlesticks<\/li>\n\n\n\n
Bars<\/li>\n\n\n\n
Line graph<\/li>\n<\/ul>\n\n\n\n
2. Chart properties:<\/p>\n\n\n\n
\n
Autonomous chart: it does not update quotes, keeping them fixed;<\/li>\n\n\n\n
Graph forward: the price is at the foreground, other objects are at the back.<\/li>\n\n\n\n
Shift: the graph shifts to the left from the price scale.<\/li>\n\n\n\n
Autoscroll: the chart constantly demonstrates the last candlestick.<\/li>\n<\/ul>\n\n\n\n
3. Scale:<\/p>\n\n\n\n
\n
Autoscale (default)<\/li>\n\n\n\n
Fixed scale<\/li>\n<\/ul>\n\n\n\n
4. Instrument representation:<\/p>\n\n\n\n
\n
OHLC: in the upper left corner, fresh price information (Open, High, Low, Close) is showed;<\/li>\n\n\n\n
Ask line: charts are drawn by Bid prices; if Ask price is necessary, choose this option;<\/li>\n\n\n\n
Timeframe<\/a> delimiter: vertical lines separate timeframes on the chart;<\/li>\n\n\n\n
Grid: the chart is marked by grid cells;<\/li>\n\n\n\n
Volumes: tick volumes are indicated at the bottom of the chart;<\/li>\n\n\n\n
Object description: all objects on the chart get a description.<\/li>\n<\/ul>\n\n\n\n
$\"Setting$ <\/a>
Setting up general properties on MT4<\/em><\/figcaption><\/figure>\n\n\n\n<\/span><\/a>How to change timeframes<\/span><\/h2>\n\n\n\n
To change the TF, click Charts – Timeframes – and choose the one you need. Moreover, use active buttons in the upper terminal menu.<\/p>\n\n\n\n
Available timeframes<\/a>:<\/p>\n\n\n\n
\n
M1 – 1 minute<\/li>\n\n\n\n
M5 – 5 minutes<\/li>\n\n\n\n
M15 – 15 minutes<\/li>\n\n\n\n
M30 – 30 minutes<\/li>\n\n\n\n
H1 – 1 hour<\/li>\n\n\n\n
H4 – 4 hours<\/li>\n\n\n\n
W – 1 week<\/li>\n\n\n\n
MN – 1 month.<\/li>\n<\/ul>\n\n\n\n
$\"Setting$ <\/a>
Setting up timeframes in MT4<\/em><\/figcaption><\/figure>\n\n\n\n\n
\n
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<\/span>Adding indicators to the chart<\/span><\/h2>\n\n\n\n
To add indicators<\/a> to the chart click Insert – Indicators<\/a> and choose the one you need. Alternatively, click an active button with a green cross in the upper menu.<\/p>\n\n\n\n
MT 4 features many popular indicators of the following groups:<\/p>\n\n\n\n
\n
Trend<\/li>\n\n\n\n
Oscillators<\/a><\/li>\n\n\n\n
Volumes<\/li>\n\n\n\n
Bill Williams<\/li>\n\n\n\n
Custom (indicators added by the user).<\/li>\n<\/ul>\n\n\n\n
$\"Setting$ <\/a>
Setting up indicators on MT4<\/em><\/figcaption><\/figure>\n\n\n\n<\/span><\/a>How to add graphic instruments<\/span><\/h2>\n\n\n\n
To add various instruments to the chart, click Insert or corresponding active buttons of the upper menu.<\/p>\n\n\n\n
There are several groups of instruments:<\/p>\n\n\n\n
\n
Lines (inclined, vertical, horizontal)<\/li>\n\n\n\n
Channels<\/li>\n\n\n\n
Gann<\/li>\n\n\n\n
Fibonacci<\/a><\/li>\n\n\n\n
Shapes<\/li>\n\n\n\n
Arrows (and icons)<\/li>\n\n\n\n
Andrews Pitchfork<\/li>\n\n\n\n
Cycle Lines<\/li>\n\n\n\n
Text<\/li>\n\n\n\n
Text Label.<\/li>\n<\/ul>\n\n\n\n
$\"Adding$ <\/a>
Adding graphic instruments to the chart on MT4<\/em><\/figcaption><\/figure>\n\n\n\n\n
\n
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<\/span>How to save chart template and profile<\/span><\/h2>\n\n\n\n
After editing is complete, you can save your settings as a template. Saved settings will then be applied to newly opened charts.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
$\"Saving$ <\/a>
Saving templates on MT4<\/em><\/figcaption><\/figure>\n\n\n\n
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.<\/p>\n\n\n\n
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.<\/p>\n\n\n\n
$\"Saving$ <\/a>
Saving profile on MT4<\/em><\/figcaption><\/figure>\n\n\n\n<\/span><\/a>Closing thoughts<\/span><\/h2>\n\n\n\n
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.<\/p>\n\n\n\n
See more about MetaTrader 4 functions in the following articles:<\/p>\n\n\n\n
\n
How to Use MetaTrader 4 (MT4): Complete Guide for Beginners<\/a><\/blockquote><\/iframe>\n<\/div><\/figure>\n\n\n\n<p class=\"wp-block-button aligncenter\">\n<a class=\"button button-green\" href=\"https:\/\/my.roboforex.com\/en\/register\/\" rel=\"nofollow\">Open Trading Account<\/a><\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"<p>This article is devoted to working with charts on a popular MetaTrader 4 platform. Charts help track and analyze quotes movements of financial instruments and forecast their future behaviour.<\/p>\n","protected":false},"author":58,"featured_media":11957,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[29],"tags":[164],"class_list":["post-11955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","tag-metatrader-4-trading-platform"],"yoast_head":"\n<title>How to Set Up Charts on MetaTrader 4 - RoboForex Blog<\/title>\n<meta name=\"description\" content=\"Navigate MetaTrader 4's charting: A guide to tracking, analyzing, and forecasting financial instruments.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/roboforex.com\/blog\/2022\/04\/07\/how-to-set-up-charts-on-metatrader-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Set Up Charts on MetaTrader 4 - 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