How to Make a Indices Trendline in MetaTrader 4
How to Add a Trend Line in MetaTrader 4 Explained
To add a indices trendline in MT4 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 MetaTrader 4 Explained - Add Indices Trend Line Tool in MetaTrader 4
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 trendline 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 trendline to touch. You can also right-click on trend line & on the indices trendline properties option choose the option to extend its ray by ticking the "ray check box", if you do not want to extend the trend line, then untick this option in your MetaTrader 4 platform -indices trendline properties. You can also change other indices trendline properties such as color & width on this indices trendline property pop up window of the trendline properties. You can download MT4 stock indices trading and learn how to create and add indices trendlines & learn indices trend line with MetaTrader 4 Indices Trendlines Tools.
Indices Trading Strategy of Indices Trendlines with Examples
There are 2 analysis strategies used to trade the trend lines:
- Stock Indices Trendline Break
- Indices Trendline Bounce
Example 1: Indices Trading Strategy of Indices Trend Lines
The indices trendline 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 Trendline Bounce Indices Trading Strategy in Indices Up Trend
- In an upwards 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 Trendline Bounce after Touching Support Areas Provided by the Upward Indices Trend Line
Indices Trendline Bounce Strategy Method
How to Create Indices Trendlines & Strategy of Indices Trend Lines in Indices Trading
Indices Trendline Bounce Indices Trading Strategy in Indices Down Trend
- In a downwards indices trend, the stock indices trading market will bounce downwards after hitting this indices trendline level which is the resistance area.
Indices Down Trend - Indices Trendline Bounce after Touching The Resistance Levels Provided by the Downward Indices Trend Line
Indices Trendline Bounce Strategy Method
How to Create Indices Trendlines & Strategy of Indices Trend Lines in Indices Trading
Example 2: Indices Trading Strategy of Indices Trend Lines
The indices trendline break is a stock indices reversal trading signal where the stock indices trading market moves through the trendline & starts moving in opposite direction.
Indices Trend Line Break Strategy
When a indices up trendline is broken then sentiment of the stock indices trading market reverses & becomes bearish
Upward 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
Downward 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 trendline 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.