How to Draw Indices Trend Lines and Technical Analysis of Indices Trend Lines in Indices Trading
How to Draw Stock Indices Trendlines on MT4 Software
The MetaTrader 4 software provides indices charting tools for drawing the trend-lines in MT4 stock indices charts. To draw indices trendlines on a stock indices chart on MT4 platform, stock indices traders can use trend-line drawing tool provided in MT4 software that is shown on the stock indices trading examples explained below.
How to Draw Indices Trend Lines and Technical Analysis of Indices Trend Lines in Indices Trading
How to Draw Indices Trend-Lines on MetaTrader 4 - How to Draw Indices Trendlines Technical Analysis
To draw indices trendlines on a stock indices chart - just click MT4 indices trendline plotting tool above on the MT4 technical analysis software and select point A where you want to start drawing the trendline & then point B where you want the trend line to touch. You can also right click on trend line and on the indices trend line properties option select the option to extend its ray by ticking the "ray check box", if you do not want to extend the trend-line, then uncheck this option in your MetaTrader 4 platform -indices trend line properties. You can also change other indices trend line properties such as color and width on this indices trend line property popup window of the trend line properties. You can download MT4 stock indices trading & learn how to draw indices trend-lines & learn indices trend line technical analysis with it.
Indices Technical Analysis of Indices Trend Lines with Examples
There are 2 technical analysis techniques used to trade the trend-lines:
- Stock Indices Trend-line Break
- Indices Trend Line Bounce
Example 1: Technical Analysis Methods of Indices Trend Lines
The indices trend-line bounce is a continuation stock indices signal where the stock indices trading price bounces off the trend line & continues in the same direction as that of the indices trend.
Stock Indices Trend-line Bounce Technical Analysis in Stock Indices Up Trend
- In an upward indices trend, the stock indices trading price will bounce upward after hitting this upwards trendline level which is the support level.
Indices Up Trend - Indices Trend-Line Bounce after Touching The Support Levels Provided by the Upward Indices Trend Line
Indices Trend-Line Bounce Technical Analysis How to Draw Indices Trend Lines and Technical Analysis of Indices Trend Lines in Indices Trading
Indices Trend-line Bounce Technical Analysis in Stock Indices Down Trend
- In a downwards indices trend, the stock indices trading market will bounce downward after hitting this indices trendline level which is the resistance level.
Indices Down Trend - Indices Trend-Line Bounce after Touching The Resistance Levels Provided by the Downward Indices Trend Line
Indices Trend-Line Bounce Technical Analysis How to Draw Indices Trend Lines and Technical Analysis of Indices Trend Lines in Indices Trading
Example 2: Technical Analysis Methods of Indices Trend Lines
The indices trend-line break is a stock indices reversal trading signal where the stock indices trading market goes through the trend-line & starts heading in opposite direction.
Indices Trendline Break Technical Analysis
When a indices up trendline is broken then sentiment of the stock indices trading market reverses and becomes bearish
How to Draw Indices Trend Lines and Technical Analysis of Indices Trend Lines in Indices Trading
Indices Trendline Break Technical Analysis
When a indices trading down trend-line is broken then sentiment of the indices reverses & becomes bullish
How to Draw Indices Trend Lines and Technical Analysis of Indices Trend Lines in Indices Trading
NB: for very strong indices trends, after this indices trend-line break reversal signal, stock indices trading price will consolidate for some time before moving in opposite trend direction. For short term stock indices market trends then this indices trendline break reversal stock indices signal will mean stock indices trading price might reverse direction immediately.
