Indicator Accurate Trend Analysis
How to Draw Stock Trend Lines on MT4 Software
The MT4 software provides trend-line drawing tools for drawing the trend lines on MetaTrader 4 charts. To draw a trend line on a chart on MetaTrader 4 software, stock traders can use MT4 trend-line plotting tool provided in MetaTrader 4 platform that's shown on the examples explained and illustrated below.
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Buy Sell Trend Indicator No Repaint
To draw a trendline on a chart - just click MT4 trendline plotting tool shown above on the MT4 platform & select point A where you want to start drawing the trend line and then point B where you want the trend line to touch. You also can right click on a trend line and on the trend line settings option choose the option to extend the ray by ticking the "ray check box", if you do not want to extend the trendline, then untick/uncheck this option in your Meta Trader 4 platform -trend line settings. You also can adjust other trend line settings such as trendline color and trendline width on this trend line property tab of the trendline settings. You can download MT4 trading stock software and learn how to draw a trendline.
Buy Sell Trend Indicator No Repaint
The two analysis strategies used to trade trendlines are:
- Trend-Line Break Reversal Signal
- Trend Line Bounce
Example 1: Indicator Analysis Trend Lines - Indicator Trend Analysis
trend line bounce - this is a trading trend continuation signal where the price bounces from the trend line & continues heading in same direction as that of the trend.
Buy Sell Trend Indicator No Repaint
- In an upward trend the price will bounce and move upward after hitting this upward trend line level which is the support level.
Up Trend - Trend-Line Bounce - Price Support Level Provided by the Up-ward Trend Line
Trend Line Bounce Indicator Analysis - Indicator Accurate Trend Analysis - Confirmation Stock Indicator MetaTrader 4 Software & Reversal Indicator MT4
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- In a downward trend the price will bounce and move downward after touching this downward trend line which is the resistance area.
Down Trend - Trend-Line Bounce after Touching Resistance Zone Provided by the Downwards Trend Line
Trend Line Bounce Indicator Analysis - Indicator Accurate Trend Analysis - Confirmation Stock Indicator MetaTrader 4 Software & Reversal Indicator MT4
Example 2: Trend-Line Break Reversal Signal Indicator Analysis Trend Lines
trend line break this is a trend reversal where the price goes through the trend line and then starts to move in the opposite direction of the current trend.
Indicator Analysis of Stock Trend Line Break Reversal Signal
When an upward trend line is broken then trend then reverses and becomes a downwards trend.
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Indicator Analysis of Trend-Line Break Reversal Signal
When a downward trend line is broken then trend then reverses & becomes an upward trend.
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