There are two types of indices trend-lines - upwards indices trend-line & downwards indices trend line. Procedure of how to draw indices trendlines for upward indices trend & how to draw indices trend-lines for downwards indices trend is described below:
How to Draw Stock Indices Trend-line for Intraday Trading
To draw an upwards indices trendline we use support levels. To plot upwards indices trend line correctly 2 support areas are used as displayed on the upwards trend line example explained and illustrated below - How to Draw a Trend Line for Intraday Trading.
How to Draw Upwards Stock Indices Trendline
How to Draw Stock Indices Trend Line for Intraday Trading
To draw downwards indices trend line we use resistance zones & to draw downwards indices trend line correctly two resistance areas are used as illustrated on the downwards indices trend line example explained and illustrated below - How to Draw a Trend Line for Intraday Trading.
How to Draw Trend-Lines on Stock Indices Charts - How to Draw Indices Downwards Trendline
How to Draw Trend Lines for Intraday Trading
To draw Indices Trendlines for Intraday Trading on MetaTrader 4 Stock Indices Charts use MT4 Charts Drawing Tools for Drawing Indices Trend-Lines in MT4 Stock Indices Charts
The MT4 indices trend line drawing tools used to plot indices trend-lines in MT4 are located on the MT4 drawing charts toolbar within the MT4 platform, To get this MetaTrader 4 charts drawing tools toolbar if it is not activated on your MT4 software, Click in "View" Next to the "File" menu at the top left corner of the MetaTrader 4 software and click "View", Then Click on "Indices Tool bars", Then Check the "Indices Lines Toolbar" by clicking on it - Stock Indices MetaTrader 4 Draw Indices Trendline Tools for Intraday Trading - Stock Indices MetaTrader 4 Trend Line Drawing Tools.
Shown Below is example of MT4 indices trend-line drawing charts indices toolbar. To draw indices trendlines on a indices chart click this indices trend line plotting tool & select point where you want to plot the upward trend line or downward indices trend line.
How to Draw Indices Trend Lines for Intraday - How to Draw Trend-Line for Intraday Trading for Intraday Indices Trading
