Scaling charts in TradingView is essential for traders to analyze data effectively. Users can easily zoom in and out using the mouse scroll wheel, which provides quick adjustments. Additionally, dragging the time or price axes allows for more precise scaling tailored to specific needs. Built-in buttons on the interface, such as the auto-scale and minus buttons, offer convenient scaling options. Keyboard shortcuts, like the “+” and “-” keys, further streamline the process, making chart analysis more efficient and user-friendly.
But can we do scaling and charts moving in Metatrader 5 in the same way as in Tradingview?
If you want to move your MT5 charts like in Tradingview, you need to use the Scale Fix option in the Charts properties section. To use Scale Fix in MT5, right-click on the chart, select “Properties,” go to the “Common” tab, and check the “Scale Fix One to One” box.
Please watch my video with a detailed explanation:
In MetaTrader 5 (MT5), “Scale Fix” is a feature that allows traders to lock the price scale on their charts, preventing it from automatically adjusting when new price data is received. When the scale is fixed, the price axis will not expand or contract as the market moves. It provides a consistent view of the price levels and makes it easier to analyze specific price movements without the chart automatically rescaling.
To turn on or off the “Scale Fix” feature in MT5:
- Right-click on the Chart: Open the context menu by right-clicking anywhere on the chart.
- Select “Properties”: Choose the “Properties” option from the context menu.
- Go to the “Common” Tab: In the properties window, navigate to the “Common” tab.
- Check/Uncheck “Scale Fix One to One”: Check this box to enable the fixed scale or uncheck it to turn off the fixed scale and allow automatic scaling.
This feature is handy for traders who prefer a stable visual reference for price movements, avoiding automatic adjustments that can make it harder to track specific price levels consistently.
Using the Scale Fix feature in MetaTrader 5 (MT5) offers several advantages that enhance the trading experience. One significant benefit is the consistency in the visual representation of price movements. When the scale is fixed, the price axis remains constant, allowing traders to better track and analyze price action without the chart automatically adjusting to new price levels. This stability is beneficial for technical analysis, as it ensures that trend lines, support and resistance levels, and other chart annotations remain in place and retain their relative positions.
Another advantage is the improved focus on specific price ranges. By locking the scale, traders can concentrate on a particular section of the chart, such as a critical support or resistance zone, without the distraction of the chart rescaling. This can be crucial when monitoring entry and exit points, as it provides a clear and undistorted view of the market at those key levels.
Furthermore, Scale Fix helps maintain a uniform chart appearance across different time frames and instruments. This uniformity can be beneficial when comparing price movements or conducting multi-timeframe analysis, as the relative scale of price changes remains consistent, making it easier to identify patterns and correlations.
In addition, traders who use multiple monitors or split their screens to view several charts simultaneously can benefit from the fixed scale. It ensures that each chart maintains the same scale, allowing for more accurate side-by-side comparisons. This is especially important when trading correlated assets or managing a diversified portfolio, as it enables a more precise evaluation of price movements across different markets.
He is an expert in financial niche, long-term trading, and weekly technical levels.
The primary field of Igor's research is the application of machine learning in algorithmic trading.
Education: Computer Engineering and Ph.D. in machine learning.
Igor regularly publishes trading-related videos on the Fxigor Youtube channel.
To contact Igor write on:
igor@forex.in.rs
