Advanced Indices Trendline Strategy
Auto Trend Lines Indicator MT4
There are two types of indices trend lines - upwards indices trend line & downwards indices trend line. Procedure of how to draw indices trendlines for upward indices trend & how to draw indices trend lines for downwards indices trend is described below:
Draw Upwards Indices Trend Line
To draw an upwards indices trendline we use support levels. To plot upwards indices trend line correctly 2 support areas are used as displayed on the upwards trend line example explained and illustrated below - Advanced Trendline Strategy.
How to Draw Indices Upward Trendline
Stock Indices Downward Trendline
To draw downwards indices trend line we use resistance zones & to draw downwards indices trend line correctly two resistance areas are used as illustrated on the downwards indices trend line example explained and illustrated below - Advanced Trendline Strategy.
How to Draw Trend Lines on Stock Indices Charts - How to Draw Downwards Indices Trend Line
Advanced Trend Lines MetaTrader 4 Indicator
To draw Indices Trend Lines MetaTrader 4 Indicator in MetaTrader 4 Stock Indices Charts use MT4 Charts Drawing Tools for Drawing Indices Trend Lines in MT4 Stock Indices Charts
The MT4 indices trend line drawing tools used to plot indices trend lines in MT4 are located on the MT4 drawing charts toolbar within the MT4 platform, To get this MetaTrader 4 charts drawing tools toolbar if it is not activated on your MT4 software, Click in "View" Next to the "File" menu at the top left corner of the MetaTrader 4 software and click "View", Then Click on "Tool Bars" button key, Then Check the "Lines Toolbar" by clicking on it - Stock Indices MetaTrader 4 Draw Indices Trend Line Tools MetaTrader 4 Indicator - Stock Indices MetaTrader 4 Trend Line Drawing Tools.
Shown Below is example of MT4 indices trend line plotting charts toolbar. To draw indices trendlines on a indices chart click this MT4 indices trendline plotting tool and select the point on the stock indices chart where you want to draw the upward trend line or downwards indices trend line.
Auto Trend Lines & Channels Indicator - Advanced Trendline Strategy MetaTrader 4 Indicator - Auto Trendline Indicator - Auto Trend Lines Indicator MetaTrader 4 - Auto Trend Lines Indicator MetaTrader 5
