How to Draw Stock Indices Trend-Lines in Meta Trader 4 Software
To draw Indices Trend-Lines on Meta Trader 4 use MT4 Charts Drawing Tools for Drawing Indices Trend-Lines on Meta Trader 4 Stock Indices Charts
The MT4 indices trend-line drawing tools used to draw these trend line setups in MT4 are located on the MT4 drawing charts toolbar within the MT4 Indices Trading Platform, To get this MetaTrader 4 charts toolbar if it is not activated on your platform, Click in "View" Next to the "File" menu at the top left corner of the MetaTrader 4 software & click "View", Then Click on the "Toolbars" button, Then Check the "Lines Tool Bar" by clicking on it.
Shown Below is example of MT4 indices trend line plotting charts toolbar. To draw a indices trendline on a stock indices chart click this indices trend line plotting tool and select the point where you want to plot the upward trend line or a downwards indices trend line.
How to Draw Indices Trend-Lines on Meta Trader 4 on MT4 Indices Charts
Stock Indices Up Ward Indices Trend Line
To draw this upwards trend setup we use supports. To draw it correctly two support areas are needed as shown on stock indices example illustrated below.
How to Draw Indices Up Ward Indices Trend Line in Meta Trader 4
Indices Down Ward Stock Indices Trendline
To draw downward indices trends we use resistance levels & to do it correctly two resistances are needed as shown on the stock indices example illustrated below.
How to Draw Indices Down Ward Indices Trend Line in Meta Trader 4