How to Make a Indices Trend Line on MetaTrader 4
How to Add a Trendline in MT4 Explained
To add a indices trend line on the MT4 platform use charting tools for drawing the indices trend lines - MetaTrader 4 Indices Trend Lines Tools.
To create indices trend lines on indices charts on the MetaTrader 4 platform, stock indices traders can use the add indices trend line tool provided on the MT4 software that is shown on the stock indices trading example explained and illustrated below.
How to Add a Trendline in MT4 Explained - Add Indices Trend Line Tool on MetaTrader 4
How Do I Create a Indices Trend Line? - How Do I Create a Indices Trend Line on MT4?
To create a indices trend lines on a stock indices chart - just click the MetaTrader 4 add indices trend line drawing adding tool above on the MT4 platform and select point A where you want to start adding the indices trend line 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 -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 indices trend line properties. You can download MT4 stock indices trading and learn how to create and add indices trend lines and learn indices trend line with MetaTrader 4 Indices Trend Lines Tools.
Indices Trading Strategy of Indices Trend Lines with Examples
There are two technical analysis strategies used to trade the indices trend lines:
- Indices Trend Line Break
- Indices Trend Line Bounce
Example 1: Indices Trading Strategy of Indices Trend Lines
The indices trend line bounce is a continuation stock indices signal where the stock indices price bounces off the indices trend line and continues in the same direction as that of the indices trend.
Indices Trend Line Bounce Indices Trading Strategy in Indices Up Trend
- In an upward indices trend, the stock indices price will bounce upwards after hitting this upward indices trend line level which is the support level.
Indices Up Trend - Indices Trend Line Bounce after Touching The Support Levels Provided by the Upwards Indices Trend Line
Indices Trend Line Bounce Indices Trading Strategy
How to Create Indices Trend Lines and Trading Strategy of Indices Trend Lines in Indices Trading
Indices Trend Line Bounce Indices Trading Strategy in Indices Down Trend
- In a downward indices trend, the stock indices trading market will bounce downwards after hitting this indices trend line level which is the resistance level.
Indices Down Trend - Indices Trend Line Bounce after Touching The Resistance Levels Provided by the Downwards Indices Trend Line
Indices Trend Line Bounce Indices Trading Strategy
How to Create Indices Trend Lines and Trading Strategy of Indices Trend Lines in Indices Trading
Example 2: Indices Trading Strategy 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 indices trend line and starts moving in the opposite direction.
Indices Trend Line Break Indices Trading Strategy
When a indices up trend line is broken then the sentiment of the stock indices trading market reverses and becomes bearish
Indices Upward Indices Trend Trend Line Break
How to Add Indices Trend Lines and Trading Strategy of Indices Trend Lines in Indices Trading
Indices Trend Line Break Trading Strategy
when a indices trading down trend line is broken then the sentiment of the indices trading reverses and becomes bullish
Indices Downward Indices Trend Trend Line Break
How to Add Indices Trend Lines and Trading Strategy of Indices Trend Lines in Indices Trading
NB: for very strong indices trends, after this indices trend line break reversal indices trading signal, the stock indices price will consolidate for some time before moving in the opposite indices trend direction. For short term stock indices market trends then this indices trend line break reversal stock indices signal will mean stock indices price may reverse immediately.
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