How Do I Draw Upward Indices Trend Line in MT4?
How to Draw Upward Indices Trend Lines on MT4
MT4 Stock Indices Trading Platform Trend-line Drawing Tools for Drawing Stock Indices Trendlines on MetaTrader 4 Stock Indices Charts
The MetaTrader 4 indices trend line plotting tools used to plot these trend line setups in MT4 are located on the MT4 drawing charts toolbar within the MetaTrader 4 platform, To get this MetaTrader 4 charts toolbar if it is not activated on your platform, Click in 'View' Next to 'File' menu at the tops left corner of the MetaTrader 4 software & click 'View', Then Click on 'Tool Bars' button key, Then Check the 'Lines Tool-bar' by clicking on it.
Shown Below is example of MT4 indices trendline plotting charts toolbar. To draw an upward indices trendline on a stock indices chart click this indices trendline plotting tool and select the point where you want to plot the upwards trend line.
How to Draw Upward Indices Trend Lines in MetaTrader 4
Indices Up Ward Stock Indices Trendline
When market moves up it forms higher highs & higher lows forming a bullish market movement. An upward indices trendline can then be plotted by connecting these higher lows.
To draw this upward trend setup we use supports. To draw it correctly two support areas are needed as shown on stock indices trading examples explained below.
Drawing a Indices Trend Line - Indices Up Ward Indices Trend Line on MT4
Drawing a Stock Indices Channel on MetaTrader 4 Software
A indices channel is drawn by plotting a line that is parallel to the upwards trend line & then adjusted to touch the top boundary of the stock indices trading price movement. This then forms an upward channel & as long as the stock indices price stays between these two trading channels the bullish market movement will continue moving up.
Drawing a Indices Channel - Indices Up Ward Channel in MT4
How to Draw Upward Indices Trend-Lines on MetaTrader 4 - Indices Trend Lines and Channels
