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Display rectangle/triangle/ellipse

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Display rectangle/triangle/ellipse

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On MetaTrader4 (MT4) / MetaTrader5 (MT5), you can display 3 types of shapes on the chart, a rectangle, a triangle, and an ellipse. You can change the colors, or show them behind the chart. Use these tools to analyze the market with better precision.

Here we will look at how to display and set up the shapes like rectangle, triangle, and ellipse on MT4/MT5.

Switch between MT4/MT5 tabs to check the steps for each.

mt4
mt5

Step 1

Click "Insert" in the menu. Hover the pointer over "Shapes" and select a shape.

Select a shape from Insert Select a shape from Insert

  1. Rectangle

    Rectangle Rectangle

    Highlight a specific part of the chart with a rectangle.

  2. Triangle

    Triangle Triangle

    Highlight a specific part of the chart with a triangle.

  3. Ellipse

    Ellipse Ellipse

    Highlight a specific part of the chart with an ellipse.

Step 2

Draw a rectangle

Click the starting point on the chart and drag it to the end point to create a rectangle.

Draw a rectangle Draw a rectangle

Draw a triangle

Click the starting point of the triangle on the chart. Click again at the midpoint, then drag the pointer to the end point to draw the triangle.

Draw a triangle Draw a triangle

Draw an ellipse

Click the starting point of the ellipse on the chart and drag it to the end point to plot the major axis. Then drag the middle point in the direction of the minor axis to create an ellipse.

Draw an ellipse Draw an ellipse

Step 3

If you want to adjust the position of the shape, make sure the white dots are being displayed on the shape and move each dot as necessary. If you cannot see the white dots, double-click near the shape to display the white dots.

Adjust the position of the shape Adjust the position of the shape

Number

Descriptions

1

Change the starting point of the shape.

2

Change the position of the shape.

3

Change the midpoint of the shape.

4

Change the end point of the shape.

Step 4

To modify the shape settings, right-click near the shape and select "(shape name) properties".

Change the settings for the shape Change the settings for the shape

Step 5

On the "Properties" window, edit the parameters in the "Common", "Parameters", and "Visualization" tabs and click "OK".

"Common" tab

Common tab Common tab

Number

Item name

Descriptions

1

Name

Name the shape.

2

Description

The description of the shape can be displayed on the chart.
Related article: Show or hide items on chart

3

Style

Set the color, line type, and line thickness for the shape.

4

Draw object as background

Check this box if you want to place the shape behind the chart.

"Parameters" tab

Parameters tab Parameters tab

Number

Item name

Descriptions

1

Starting point position

Specify the starting point position by date, time, and price.

2

End point position

Specify the end point position by date, time, and price. For triangles, specify the midpoint position instead.

3

Scale

Change the length of the ellipse's minor axis. The smaller the value, the longer the minor axis. This parameter is not available for rectangles. For triangles, this parameter is to specify the end point position by date, time, and price.
knowledge Shapes can be filled on MT5
Shape without fill on MT5 Shape without fill on MT5

On MT5, you can choose whether to fill a shape with color or only show the border.

"Visualization" tab

On the "Visualization" tab, you can specify the timeframes to use the shape with.

Visualization tab Visualization tab

Step 1

Click "Insert" in the menu. Hover the pointer over "Objects" > "Shapes" and select a shape.

Select a shape Select a shape

  1. Rectangle

    Rectangle

    Highlight a specific part of the chart with a rectangle.

  2. Triangle

    Triangle

    Highlight a specific part of the chart with a triangle.

  3. Ellipse

    Ellipse

    Highlight a specific part of the chart with an ellipse.

Step 2

Draw a rectangle

Click the starting point on the chart and drag it to the end point to create a rectangle.

Draw a rectangle Draw a rectangle

Draw a triangle

Click the starting point of the triangle on the chart. Click again at the midpoint, then drag the pointer to the end point to draw the triangle.

Draw a triangle Draw a triangle

Draw an ellipse

Click the starting point of the ellipse on the chart. Click again at the midpoint, then drag the pointer to the end point to draw the ellipse.

Draw an ellipse Draw an ellipse

Step 3

If you want to adjust the position of the shape, make sure the white dots are being displayed on the shape and move each dot as necessary. If you cannot see the white dots, double-click near the shape to display the white dots.

Adjust the position of the shape Adjust the position of the shape

Number

Descriptions

1

Change the starting point of the shape.

2

Change the position of the shape.

3

Change the midpoint of the shape.

4

Change the end point of the shape.

Step 4

To modify the shape settings, right-click near the shape and select "Properties of (shape name)".

Properties of (shape name) Properties of (shape name)

Step 5

On the "Properties" window, edit the parameters in the "Common", "Parameters", and "Visualization" tabs and click "OK".

"Common" tab

Common tab Common tab

Number

Item name

Descriptions

1

Name

Name the shape.

2

Description

The description of the shape can be displayed on the chart.
Related article: Show or hide items on chart

3

Style

Set the color, line type, and line thickness for the shape.

4

Draw object as background

Check this box if you want to place the shape behind the chart.

5

Disable selection

Check this box if you want to disable the editing of the shape.

"Parameters" tab

Parameters tab Parameters tab

Number

Item name

Descriptions

1

Starting point position

Specify the starting point position by date, time, and price.

2

Midpoint position

Specify the midpoint position by date, time, and price.

3

End point position

Specify the end point position by date, time, and price.

4

Fill

Check this box to fill inside the shape.

When "Fill" is checked

Fill Fill

"Visualization" tab

On the "Visualization" tab, you can specify the timeframes to use the shape with.

Timeframes Timeframes

Date

Created

 : 2022.09.13

Update

Last updated

 : 2024.03.31

Writer

Takayoshi Nakamaru

Manual production consultant, MBA

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Takayoshi Nakamaru

Nakamaru is a manual production consultant at FINTECS, a company that specializes in creating manuals for their clients.
With a wide range of experience from fintech to entertainment, he presents what user-friendly manuals should be like.
He works with numerous large corporations as an external manual production project manager.

【Business information】
http://www.fintecs.co.jp/profile/

Supervisor

Akira Takagi

Systems engineer, MetaTrader administrator

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Akira Takagi

After graduating from Computer Science at the Uninove, Brazil, in 2014, he has worked on various systems development projects.
He participated as a developer in the launch of forex services in 2019. Since then, he has also been involved in the development of MetaTrader plugins and APIs. He is certified by MetaQuotes as a MetaTrader5 Administrator and active in consulting and advisory as well.

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