How to Draw Trendlines on MetaTrader 4
There are two types of indices trendlines - upward indices trendline and downward indices trendline. The procedure of how to draw indices trendlines for upward indices trend & how to draw indices trendlines for downward indices trend is described below:
How to Draw Stock Indices Trendline on Stock Indices Charts
To draw an upwards indices trendline we use support zones. To draw upward indices trendline correctly two support areas are used as shown on the upward trendline examples explained & illustrated below.
How to Draw Upward Indices Trendline
How to Draw Stock Indices Trendline on Stock Indices Charts
To draw downwards indices trendline we use resistance zones and to draw downward indices trendline correctly two resistance areas are used as shown on the downward indices trendline examples explained & illustrated below.
How to Draw Trendlines on Stock Indices Charts - How to Draw Indices Downward Trendline
How to Draw Trendlines on Stock Indices Charts
To draw Indices Trendlines in MT4 Stock Indices Charts use MT4 Charts Drawing Tools for Drawing Indices Trendlines in MT4 Stock Indices Charts
The MetaTrader 4 indices trendline drawing tools used to draw indices trendlines on the MetaTrader 4 are located on the MT4 drawing charts toolbar within the MetaTrader 4 platform, To get this MetaTrader 4 charts drawing tools toolbar if it is not activated on your MT4 software, Click in 'View' Next to 'File' menu at the tops left corner of the MetaTrader 4 software and click 'View', Then Click on 'Tool Bars' button key, Then Check the 'Lines Toolbar' by clicking on it - Stock Indices MetaTrader 4 Draw Indices Trendline Tools - Stock Indices MT4 Trendline Drawing Tools.
Shown Below is example of MT4 indices trendline plotting charts toolbar. To draw indices trendlines on a indices chart click this indices trend line plotting tool and select the point where you want to plot the upward trendline or downward indices trend line.
How to Draw Trendlines Stock Indices - How to Draw Trendlines in MT4 - Stock Indices MT4 Draw Trendline Tools
