How Do You Draw Downward Indices Trend Line on MetaTrader 4?
How to Draw Downward Indices Trend Lines on MT4
MT4 Stock Indices Platform Trendline Drawing Tools for Drawing Stock Indices Trendlines 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 charts toolbar within the MT4 platform, To get this MT4 charts 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 MT4 platform & click "View", Then Click on "Tool Bars" button key, 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 downwards trendline on a stock indices chart click this indices trendline plotting tool and select the point where you want to plot the downward indices trend line.
How to Draw Downward Indices Trend Lines in MetaTrader 4
Drawing a Downward Indices Trend-Line in MetaTrader 4 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 downwards general indices trend direction. These are the points that are used to plot the downward indices trend-line on MT4 stock indices charts.
To draw downward indices trends we use resistance levels & to do it correctly two resistances are needed as shown on the stock indices example illustrated below.
Drawing Downwards Indices Trend-Line in MetaTrader 4 Software
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 downwards 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 Downwards Indices Channel on MT4
MT4 Stock Indices Platform Trendline Drawing Tools for Drawing Stock Indices Trendlines in MT4 Stock Indices Charts
