Forex MT4 is a popular trading platform used by traders worldwide. It has a variety of features, including the ability to create charts and analyze markets. One of the key tools in Forex MT4 is the ability to square a chart for angle. This feature allows traders to analyze market trends and make more informed trading decisions.
What is a squared chart?
A squared chart is a chart that has been adjusted to show price movements in relation to time. In other words, it is a chart that has been adjusted to show the angle of price movements. When a chart is squared, the price and time scales are adjusted so that each unit of price movement is equal to each unit of time. This allows traders to see the angle of price movements more clearly and make more informed trading decisions.
Why square a chart?
Squaring a chart is useful for traders because it allows them to analyze market trends more effectively. By adjusting the chart to show price movements in relation to time, traders can see the angle of price movements more clearly. This can help them identify trends and make more informed trading decisions.
How to square a chart for angle in Forex MT4?
To square a chart for angle in Forex MT4, follow these steps:
Step 1: Open a chart in Forex MT4.
Step 2: Right-click on the chart and select “Properties” from the drop-down menu.
Step 3: In the “Properties” window, select the “Common” tab.
Step 4: In the “Common” tab, check the box next to “Scale fix” and enter a value of “1” in the “Scale fix” field.
Step 5: Click “OK” to apply the changes.
Step 6: Right-click on the chart again and select “Properties” from the drop-down menu.
Step 7: In the “Properties” window, select the “Scale” tab.
Step 8: In the “Scale” tab, check the box next to “Logarithmic” and click “OK” to apply the changes.
Step 9: Your chart is now squared for angle.
Conclusion
Squaring a chart for angle is a useful tool for traders who want to analyze market trends more effectively. By adjusting the chart to show price movements in relation to time, traders can see the angle of price movements more clearly and make more informed trading decisions. Forex MT4 offers a simple and effective way to square a chart for angle, making it a valuable tool for traders of all levels.
