How to Draw Indices Channels on Stock Indices Charts
There are two types of indices Channels - upward indices trend-line & downwards Channels. The indices trading step by step procedure of how to draw indices Channels for upward and downward indices trends is described below:
Stock Indices Trading Upward Channels
An upwards 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 a channel and as long as the stock indices price stays between these two trading channels the bullish market movement will continue moving up.
How to Draw Channels Indices Trading on Stock Indices Charts - How to Draw Indices Up Ward Channels
Indices Downward Channels
A downward indices channel is drawn by plotting a line that is parallel to the downwards indices trendline & then adjusting it to touch the bottoms boundary of the stock indices trading price movement. This then forms a downward indices channel & as long as the stock indices trading price stays between these 2 channels the general stock indices market indices trend direction is intact the stock indices trading market indices trend direction will continue being bearish.
How to Draw Channels Indices Trading on Stock Indices Charts - How to Draw Indices Down Ward Channels
How to Draw Indices Channels
To draw Indices Channels in MT4 Stock Indices Charts use MetaTrader 4 Charts Drawing Tools for Drawing Indices Channels in MT4 Stock Indices Charts
The MetaTrader 4 indices Channels drawing tools used to draw these indices Channels setups on the MetaTrader 4 are located on the MT4 drawing charts toolbar within the MetaTrader 4 stock indices charts, To access this MT4 charts tool-bar if it isn't activated on your platform, Click in 'View' Next to 'File' menu at the tops left corner of the MT4 platform & 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 Channels drawing charts toolbar. To draw Indices Channels on a indices charts just click on this Channels drawing tool & select the point where you want to plot the upwards Indices Channels or downward indices Channels.
How to Draw Indices Channels on Stock Indices Charts on MetaTrader 4 Indices Charts
