How to Draw Stock Indices Trendlines on MetaTrader 4 Platform
To draw Indices Trend-Lines in MT4 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 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 "Tool Bars" button key, Then Check the "Lines Toolbar" 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 in MT4 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 on MT4
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 on MT4
