How Do I Draw Downwards Indices Trend Line on MetaTrader 4?
How to Draw Downwards Indices Trend Lines on MT4
MT4 Stock Indices Platform Trendline Drawing Tools for Drawing Stock Indices Trendlines in Meta Trader 4 Stock Indices Charts
The MT4 indices trendline drawing tools used to draw indices trendlines in Meta Trader 4 are located on the MT4 charts toolbar within the MT4 platform, To get this MT4 charts tool bar if it is not activated on your Meta Trader 4 software, Click in "View" Next to the "File" menu at the top left corner of the MT4 platform & click "View", Then Click on the "Tool Bars" button, Then Check the "Lines Toolbar" by clicking on it.
Shown Below is examples of MetaTrader 4 indices trend line plotting charts toolbar. To draw a indices down-wards trendline on a stock indices chart click this indices trendline drawing tool & select the point where you want to draw the downwards indices trend line.
How to Draw Downwards Indices Trend Lines in MetaTrader 4
Drawing a Downward Indices Trend Line in Meta Trader 4 Trading Software
When it comes to learning how to draw the down ward indices trend lines on stock indices charts, you need to know that when the stock indices trading market is bearish it forms lower lows & lower highs forming a down-wards general indices trend direction. These are the points that are used to draw the downwards indices trendline in Meta Trader 4 stock indices charts.
To draw down ward indices trends we use resistance levels & to do it correctly two resistances are needed as shown on the stock indices example illustrated below.
Drawing Down-wards Indices Trend Line in MetaTrader 4 Platform
How to Draw a Downwards Indices Channel on MT4
A downwards indices channel is plotted by plotting a line that is parallel to the downwards indices trendline & then adjusting it to touch the bottom boundary of the stock indices price movement. This then forms a down-wards channel and as long as the stock indices price stays between these 2 channels the general market indices trend direction is intact the stock indices trading market indices trend direction will continue being bearish.
Drawing Down-wards Indices Channel in Meta Trader 4
MT4 Stock Indices Platform Trendline Drawing Tools for Drawing Stock Indices Trendlines in Meta Trader 4 Stock Indices Charts