How to draw a short horizontal (no slope) trendline on MT4? | Forex Factory

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How to draw a short horizontal (no slope) trendline on MT4?

  • #1
  • First Post: Edited 6:50am Jul 30, 2023 6:03am | Edited 6:50am
@Admin: Could you please add "MT4" to the title?

Hello Folks.

Am trying to manually draw a short horizontal line (no slope) in MT4, which is not going all across the chart.

As far as I found out, the only option is using trendline tool, with "ray" deactivated in options. So far so good.

Is there a shortcut, so the trendline stays horizontal? Trying to draw it without a slope manually is little efficient, and from other programs I am used to hold "Strg", or shift, or a combination in such cases. Does not seem to work here. Anybody any suggestions?

Thank you.
  • #2
  • Jul 30, 2023 7:44am Jul 30, 2023 7:44am
Quoting MikeFT
@Admin: Could you please add "MT4" to the title? Hello Folks. Am trying to manually draw a short horizontal line (no slope) in MT4, which is not going all across the chart. As far as I found out, the only option is using trendline tool, with "ray" deactivated in options. So far so good. Is there a shortcut, so the trendline stays horizontal? Trying to draw it without a slope manually is little efficient, and from other programs I am used to hold "Strg", or shift, or a combination in such cases. Does not seem to work here. Anybody any suggestions?...
Either draw your trendline as you would do without the Ray ticked and then in parameters copy the values from each point of the trendline as the same value.

Another trick is to draw a rectangle, untick Draw object as background, and stretch the rectangle to the required length & meet the upper & lower lines together.
You can adjust the thickness & colour of the lines to suit.

Yet another alternative is to use an indicator such as JDD Drawing tool (Free on FF) to draw your short HZ line.
It never gets easier, you just get better
  • #3
  • Edited 7:24pm Jul 30, 2023 6:42pm | Edited 7:24pm
Quoting MikeFT
Is there a shortcut, so the trendline stays horizontal? Trying to draw it without a slope manually is little efficient, and from other programs I am used to hold "Strg", or shift, or a combination in such cases. Does not seem to work here. Anybody any suggestions? Thank you.
YES

Draw the trend line as you mentioned, with Ray off, at any angle, see the chart, from point 1 to point 2, release

Now Click & Hold point 2, go left of point 1, making it as level as you can, now Press & Hold SHIFT, drag to the right

Check the Properties and you will see the numbers are exactly the same for straight and level trend line as per you wishes.

Good Luck

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It takes a lot for me to IGNORE you, but you can try.
  • #4
  • Jul 30, 2023 6:45pm Jul 30, 2023 6:45pm
PS: you can also write a note to self in the Description but you probably knew that

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It takes a lot for me to IGNORE you, but you can try.
  • #5
  • Aug 30, 2024 10:17am Aug 30, 2024 10:17am
discovered this trick today

1. Select trendline tool
2. Click on the chart, do not drag the mouse, just click
3. Double click the point you clicked to select the trend line, hold shift and drag left or right
  • #6
  • Aug 30, 2024 1:15pm Aug 30, 2024 1:15pm
Quoting roso291
discovered this trick today 1. Select trendline tool 2. Click on the chart, do not drag the mouse, just click 3. Double click the point you clicked to select the trend line, hold shift and drag left or right
Depends on the Settings, see picture, if these are ticked, no need to double click, so even better, if people can understand.

It's basically as I explained above, only quicker, thanks.



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It takes a lot for me to IGNORE you, but you can try.
  • #7
  • Last Post: Edited 3:04pm Aug 30, 2024 2:21pm | Edited 3:04pm
This indicator draws a short horizontal trendline or with a ray, by pressing a shortcut key once you place your mouse at a point on the chart.

Also a shortcut key to make any selected trendline Horizontal.


Attached File(s)
File Type: ex4 Horizontal_Line-Ray v1.1.ex4   14 KB | 380 downloads

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This tool comes with a Button, when clicked draws a short trendline with Price Tag, which you can move to your preferred location, allowing you to
draw line between any 2 points. Font, Font size, colour , style & thickness thickness of line options.

Attached File(s)
File Type: ex4 FunLines.ex4   27 KB | 325 downloads

Script to delete FunLines objects, quick access by setting a Hotkey.

Attached File(s)
File Type: ex4 Delete_FunLines.ex4   19 KB | 286 downloads
It never gets easier, you just get better
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