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 and how to draw indices trendlines for downward indices trend is explained below:
How to Draw Stock Indices Trendline on Stock Indices Charts
To draw an upward indices trendline we use support zones. To draw upward indices trendline correctly two support levels are used as shown on the upward indices trendline example explained and illustrated below.
How to Draw Upward Indices TrendLine
How to Draw Stock Indices Trendline on Stock Indices Charts
To draw downward indices trendline we use resistance zones and to draw downward indices trendline correctly two resistance levels are used as shown on the downward indices trendline example explained and 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 on MT4 Stock Indices Charts use MetaTrader 4 Charts Drawing Tools for Drawing Indices TrendLines on MetaTrader 4 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 MetaTrader 4 platform, Click in "View" Next to "File" at the top left corner of the MetaTrader 4 platform and click "View", Then Click on "Tool bars", Then Check the "Lines Toolbar" by clicking on it - Stock Indices MetaTrader 4 Draw Indices TrendLine Tools - Stock Indices MT4 TrendLine Drawing Tools.
Below is the example of the MetaTrader 4 indices trendline drawing charts toolbar. To draw indices trendlines on a indices chart just click on this indices trendline drawing tool and select the point where you want to draw the upward indices trendline or downward indices trendline.
How to Draw TrendLines Stock Indices - How to Draw TrendLines on MetaTrader 4 - Stock Indices MT4 Draw TrendLine Tools
