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MT4 User Guide
Object Properties
Objects have specific properties. Properties can differ depending on the object. To manage the
properties of an object, the user has to select the object and execute the "Properties...", the "Charts —
Objects — Objects List" menu command. General object settings are placed in the "Common" tab. The
following is available here:

Name: The object unique name within a chart that is set for the object automatically. It can be changed
if another name is entered in this field. Such names make it easy to mark the object out among many
others of the same type;
Description: Description/text contents of the object that help differentiate the object from others of the
same type. Descriptions can be shown in the chart if the "Show object descriptions" option is enabled in
the chart settings;

Style: Object lines style. Color, forms and thickness of lines can be chosen from this option;
Draw object as background: Draw object in the background, behind the chart. Being enabled, this
option provides filling of the objects like shapes or channels (excluding Fibonacci Channel) with color.
Coordinates of the object control points in the chart can be changed in the "Parameters" tab. Time

coordinates of the object control points should be entered in the "Time" fields, and coordinates of
anchoring to vertical axis of a chart of indicator should be given in the "Value" fields. An object can have
from one to three coordinates. For some objects, additional options are used in the "Parameters" tab:

Angle in degrees: Angle of the object slope anticlockwise in degrees;
Scale: Ratio between units of vertical (pips) and horizontal (bars) axes of the object. Normally, the
number of pixels in a unit of the horizontal axis (time) differs from that of the vertical axis (prices) when
chart are drawn. One-to-one scale brings them to the same value. For certain objects, changing of this
parameter changes the ratio;
Arrow code: Object code;

Ray: Shows the object trend lines as rays;
Anchor: One of the chart corners at which the text label is anchored;
X-distance: Horizontal distance between the anchor corner of the window and the text label in pixels;
Y-distance: Vertical distance between the anchor corner of the window and the text label in pixels.
The object visualization mode for different timeframes can be changed in the "Visualization" tab. The
object will then be shown only for the selected timeframes. This can be useful when the tool has
different settings for different timeframes. The "Fibo Levels" tab is specifically used only for Fibonacci

Graphical Objects – Line Studies (detailed)
Line studies are lines and various geometrical shapes that can be imposed into a price or indicator chart.
They include support/resistance lines, trend lines, as well as Fibonacci's, Gann's, and Andrews' tools, etc.
Line studies are collected in the "Insert" menu and in the "Line Studies" toolbar in terminal. To impose
an object, one has to press the corresponding toolbar button (the buttons are given in the leftmost

indicators to price changes. One
point must be set for this object
to be imposed.
Trendline
Trend line helps to explore
trends in price changes. Two
points must be set through
which a trend line will be drawn.
Trendline by Angle

Trend line by angle helps to
explore trends in price changes.
Unlike for a simple trend line, an
angle must be set for this line to
be drawn. Two points must be
set through which a trend line
will be drawn.
Linear Regression Channel
Linear regression is a statistical
analysis tool used for forecasting
of future values on basis of

Equidistant Channel
Lines of the equidistant channel
are always parallel. Two points
must be set for this tool to be
drawn.
Standard Deviation Channel Standard deviation is the way of
volatility measuring based on
statistical methods. Standard
deviation influences the width of
this channel. Two points must be
set for this tool to be drawn.
Gann Line Gann Line represents a trend

line
drawn at an angle of 45 degrees.
Two points must be set for this
tool to be drawn.
Gann Fan Gann Fan represents a set of
trend lines drawn from one point
at different angles. Gann
considered the trend line of 1x1
(45 degrees) for a very important
one. If the price curve is above
this line, the market should be

considered as bull market, if it is
below, it is bear market. Gann
proposed the ray of 1x1 to be a
powerful supporting line at an
ascending trend, and breaking of
this line — to be an important
turn signal. One point must be
set for Gann Fan to be drawn.
Fibonacci Retracement Leonardo Fibonacci is considered

to have discovered a number
sequence where each successive
number represents a sum of two
preceding ones: 1, 1, 2, 3, 5, 8,
13, 21, 34, 55, 89, 144, etc. Each
number is approximately 1.618
times more than the preceding
one, and each number makes
approximately 0.618 of the
successive one. The tool can be