There is more than one way to open a chart:
Through the Market Watch, right click the desired symbol, then click "Chart Window".
Drag the desired symbol from the market watch list and drop it in the charts specified area.
To navigate through different charts that you have previously opened, simply click the symbol in the bar below the chart, as shown below:
Chart Objects:
The price action chart can be displayed as candlestick, bar, or line chart, depending on the timeframe you wish to trade on. Chart types include bar, candlestick, and line.
You can choose the format that suits you best from the menu shown in the image below, which is usally located at the top of the trading platform.
Timeframes:
You can choose the timeframe you want from the menu at the top of the platform as shown in the next image:
Or you can right click on the chart, and go to the "timeframes" option, and choose the desired timeframe:
What is the difference between timeframes?
M1: 1 Minute
M5: 5 Minutes
M15: 15 Minutes
M30: 30 minutes
H1: 1 Hour
H4: 4 Hours
W1: 1 Week
MN: 1 Month
What does the 15-minute timeframe mean? It means that the candle's duration is 15 minutes; each candle opened and closed within 15 minutes, meaning it took 15 minutes to form and close. The candle's shape is determined by the price movement that occurred during these 15 minutes.
You can also add or remove timeframes as you wish. You can do so by right clicking on the timeframes menu, then click "Customize" as shown below:
You will then see the next window:
The list on the left contains timeframes you can add to the menu, while the list on the right contains timeframes already added to the menu.
To add or remove a specific timeframe, you can either double-click the timeframe or you can use the buttons in the middle.
Tools for analysis and graphing:
You can use multiple graphing tools, of which are horizontal and vertical lines, or channels that can help you better analyze the charts. All that can be done by the menu shown in the image below:
You can also add or remove tools as shown below:
Right click on the menu, then click "Customize".
The following menu will appear:
The list on the left contains tools you can add to the menu, while the list on the right contains tools already added to the menu.
To add or remove a specific tool, you can either double-click the tools or you can use the buttons in the middle.
To modify or remove an object that you already added, right-click on the chart and choose "Object list".
The following window will appear, showing all the objects you set on the chart:
To modify or delete an object, click on that object, then click "properties" to modify, or "Delete" to remove it.
Technical Indicators:
You can find several technical indicators embeded in the MT5 platform.
There is more than one way to access them:
1. From the "navigator" under the "indicators" options as shown below:
You can here choose the desired indicator, then double click it, or drag and drop it on the chart to start setting it up.
2. From the toolbar at the top, choose "insert" then "indicators".
Here you can choose the desired indicator, then you can start setting it up.
To modify or remove an indicator, right click on the chart, then choose "Indicators List"
The following window will appear, showing all the indicators added to your chart:
Click the desired indicator, then click "properties" to modify it, or "delete" to remove it.