How Do I Draw Indices Trend Lines for Intraday Indices Trading?

How to Draw Indices Trend Lines for Intraday Indices Charts

Example 1: How to Draw Upward Indices Trend Lines for Intraday Indices Trading

To draw an upward indices trend line on a stock indices chart use two support points in a bullish upward indices trend so as to draw the upward indices trend line and then extend the indices trend line as shown below. The upward indices trend line on a stock indices chart will show the general direction of stock indices prices and as long as stock indices price is above this upward indices trend line then the upward indices trend will remain intact - bullish up indices trend.

If indices prices move below the intraday upward indices trend line which is the support level for the bullish upward indices trend then stock indices traders should close all their open stock indices trades - because this might be a indices trend reversal indices signal. In an upward indices trend stock indices price should generally stay above the support level which is marked by the upward intraday indices trend line.

How to Draw Indices Trend Lines for Intraday Indices Trading - Up Indices Trend Trend Line

How to Draw Upward Indices Trend Lines for Intraday Indices Trading

Example 2: How to Draw Downward Indices Trend Lines for Intraday Indices Trading

To draw a downward intraday indices trend line on a stock indices chart use two resistance points in a bearish downward indices trend so as to draw the downward indices trend line and then extend the indices trend line as shown below. The downward indices trend line on a stock indices chart will show the general direction of stock indices prices and as long as stock indices price is below this downward indices trend line then the downward intraday indices trend will remain intact - bearish down indices trend.

If indices prices move above the downward indices trend line which is the resistance level for the bearish downward indices trend then traders should close all their open stock indices trades - because this might be a indices trend reversal indices signal. In an downward indices trend stock indices price should generally stay below the resistance level which is marked by the downward intraday indices trend line.

How to Draw Indices Trend Lines for Intraday Indices Trading - Down Indices Trend Trend Line

How to Draw Downward Indices Trend Lines for Intraday Indices Trading

How to Draw Indices Trend Lines for Intraday Indices Trading on MT4

The MT4 platform provides charting tools for drawing the indices trend lines on stock indices charts. To draw intraday indices trend lines on a stock indices chart, stock indices traders can use the indices trend line drawing tool provided on the MT4 software that is shown below.

How to Draw Indices Trend Lines for Intraday Indices Trading on MT4

To draw indices trend lines on a stock indices chart - just click the indices trend line drawing tool above on the MT4 technical analysis software and select point A where you want to start drawing and then point B where you want the indices trend line to touch. You can also right click on the indices 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 indices trend line, then uncheck this option in your MetaTrader 4 platform. You can also change other indices trend line properties such as color and width on this indices trend line property popup window of the indices trend line properties. You can download MT4 stock indices trading and learn how to draw indices trend lines with it.