Select Language

Display rectangle/triangle/ellipse

On MetaTrader5 (MT5), you can display 3 types of shapes on the chart, a rectangle, a triangle, and an ellipse. You can change the colors, show them behind the chart, and fill the shape in with the color of your choice. Use these tools to analyze the market with better precision. Here we'll take a look at how to display and set up these shapes on MT5.

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

 : 2022.09.13

Writer

Takayoshi Nakamaru

Manual production consultant, MBA

arrow
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

arrow
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.

Was this article helpful?
Thank you for your feedback.
Thank you for your feedback.

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users.Cookie policy

I agree
share
Share
Cancel