How to Make a Indices Trend Line in MT4
How to Add a Trend-line in MT4 Explained
To add a indices trend line in MetaTrader 4 platform use charting tools for drawing the trend lines - MetaTrader 4 Indices Trend Lines Tools.
To create indices trend lines on indices charts on MetaTrader 4 platform, stock indices traders can use the add indices trend line tool provided on the MT4 software that is shown on the stock indices trading examples explained below.
How to Add a Trend-line in MT4 Explained - Add Indices Trend Line Tool on MT4
How Do You Create Indices Trend Line? - How Do I Create a Indices Trend-Line in MetaTrader 4?
To create a indices trendlines on a stock indices chart - just click MT4 add indices trend line drawing adding tool above on the MT4 platform & select point A where you want to start adding the trend line & then point B where you want the trend line to touch. You can also right click on trend line and on the indices trend line properties option select the option to extend its ray by ticking the "ray check box", if you do not want to extend the trend-line, then uncheck this option in your MetaTrader 4 platform -indices trend line properties. You can also change other indices trend line properties such as color and width on this indices trend line property popup window of the trend line properties. You can download MT4 stock indices trading and learn how to create and add indices trend-lines & learn indices trend line with MetaTrader 4 Indices Trend Lines Tools.
Indices Trading Strategy of Indices Trend Lines with Examples
There are 2 technical analysis strategies used to trade the trend lines:
- Stock Indices Trend-line Break
- Indices Trend Line Bounce
Example 1: Indices Trading Strategy of Indices Trend Lines
The indices trend-line bounce is a continuation stock indices signal where the stock indices trading price bounces off the trend line & continues in the same direction as that of the indices trend.
Indices Trend Line Bounce Indices Trading Strategy in Indices Up Trend
- In an upward indices trend, the stock indices trading price will bounce upward after hitting this upwards trendline level which is the support level.
Indices Up Trend - Indices Trend-Line Bounce after Touching The Support Levels Provided by the Upward Indices Trend Line
Indices Trend Line Bounce Strategy
How to Create Indices Trendlines & Strategy of Indices Trend Lines in Indices Trading
Indices Trend Line Bounce Indices Trading Strategy in Indices Down Trend
- In a downwards indices trend, the stock indices trading market will bounce downward after hitting this indices trendline level which is the resistance level.
Indices Down Trend - Indices Trend-Line Bounce after Touching The Resistance Levels Provided by the Downward Indices Trend Line
Indices Trend Line Bounce Strategy
How to Create Indices Trendlines & Strategy of Indices Trend Lines in Indices Trading
Example 2: Indices Trading Strategy of Indices Trend Lines
The indices trend-line break is a stock indices reversal trading signal where the stock indices trading market goes through the trend-line & starts heading in opposite direction.
Indices Trend Line Break Strategy
When a indices up trendline is broken then sentiment of the stock indices trading market reverses and becomes bearish
Upwards Indices Trend-Line Break
How to Add Indices Trendlines & Strategy of Indices Trend Lines in Indices Trading
Indices Trend-Line Break Strategy
When a indices trading down trend-line is broken then sentiment of the indices reverses & becomes bullish
Downwards Indices Trend-Line Break
How to Add Indices Trendlines & Strategy of Indices Trend Lines in Indices Trading
NB: for very strong indices trends, after this indices trend-line break reversal signal, stock indices trading price will consolidate for some time before moving in opposite trend direction. For short term stock indices market trends then this indices trendline break reversal stock indices signal will mean stock indices trading price might reverse direction immediately.
