Quick Drawing Palette for MT5

Quick Draw Palette for MT5

Quick Draw Palette is an indicator that provides a compact on-chart panel for fast access to drawing tools in MetaTrader 5.

It allows traders to create common chart annotations such as rectangles and lines using predefined settings, without navigating through the standard MT5 menu.

Features

Drawing Presets

The panel includes preset tools for:

• Rectangles (e.g. supply and demand zones)
• Trendlines
• Horizontal levels

Each preset uses predefined parameters such as color, style, and width.

Magnet Mode

An optional mode that keeps the selected drawing tool active after placing an object, allowing multiple drawings to be created consecutively without reselecting the tool.

Panel Interface

• Draggable on-chart panel
• Compact layout designed to minimize chart obstruction
• Persistent position after timeframe or symbol change

Drawing Workflow

• First click: set starting point
• Second click: finalize object
• Press Escape to cancel the current drawing

Customization Options

Users can configure:

• Visibility of rectangle and line tools
• Drawing colors and styles
• Magnet mode behavior
• Background drawing option
• Panel position

Stability and Cleanup

• Objects are properly managed and removed when the indicator is detached
• No unnecessary objects remain on the chart
• Works across different symbols and timeframes

Usage

1. Attach the indicator to a chart
2. Select a drawing tool from the panel
3. Click to define the start point
4. Click again to complete the drawing

Optional:

• Enable Magnet Mode for continuous drawing
• Use Escape to cancel an active drawing

Notes

• The indicator does not execute trades
• Designed for manual chart analysis
• Compatible with all MT5-supported instruments