How Do You Draw Trend-Lines in Meta Trader 5 Software?
How Do I Draw Trend-Lines in Meta Trader 5 Software?
To draw Trend-Lines on Meta Trader 5 use MT5 Charts Drawing Tools for Drawing Trend-Lines on Meta Trader 5 Charts
The MT5 trend-line drawing tools used to draw MetaTrader 5 trend-line setups on the MetaTrader 5 software are located on the MT5 drawing charts tool-bar within the MetaTrader 5 Platform Software, To get this MetaTrader 5 charts toolbar if it is not activated in your MetaTrader 5 software, Click in "View" Next to the "File" menu on the top-left corner of the MetaTrader 5 software & click "View", Then Click on the "ToolBars" button, Then Tick "Lines Tool-bar" by pressing it.
Shown Below is exemplification of MT5 trend line plotting charts tool-bar. To draw MT5 trend line in MT5 chart just click on this Meta Trader 5 trend line plotting tool and select the MT5 chart point where you want to draw MT5 upward trend-line or the MetaTrader 5 down-ward trend line.
How Do I Draw Trend-Lines on MetaTrader 5?
MT5 Up-ward Trend Line
To draw this upwards trend-line traders use support levels. To draw the upwards trend-line correctly 2 support levels are needed as shown & displayed on the MT5 trend line illustrations expounded below.
How Do You Draw Trendlines in MetaTrader 5?
MT5 Downwards Trend-Line
To draw downwards trend-line we use resistance levels and to do draw the downwards trend-line correctly 2 resistance areas are used as shown & displayed on the downwards trend-line examples illustrated below.
How Do I Trade Indices and Draw Trendlines on MetaTrader 5?
How Do I Draw Trend-Lines in Meta Trader 5 Software
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