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How to Draw Indices Trading Channels on Stock Indexes Charts


There are two types of indices trading Channels - upward indices trend line and downward Channels. The indices trading step by step procedure of how to draw indices trading Channels for upward and downward indices trends is explained below:


Indices Trading Up Ward Channels

An upwards indices channel is drawn by drawing a line that is parallel to the upward indices trend line and then adjusted to touch the top boundary of the stock indexes price movement. This then forms a channel and as long as the stock indexes price stays between these two channels the bullish market movement will continue moving up.

How to Draw Channels Indices Trading on Stock Indexes Charts

How to Draw Channels Indices Trading on Stock Indexes Charts - How to Draw Indices Trading Up Ward Channels



Indices Trading Down Ward Channels

A downward indices channel is drawn by drawing a line that is parallel to the downward indices trend line and then adjusting it to touch the bottom boundary of the stock indexes price movement. This then forms a downward indices channel and as long as the stock indexes price stays between these two channels the general stock indices market indices trend direction is intact the stock indexes trading market indices trend direction will continue being bearish.

How to Draw Channels Indices Trading on Stock Indexes Charts

How to Draw Channels Indices Trading on Stock Indexes Charts - How to Draw Indices Trading Down Ward Channels



How to Draw Indices Trading Channels

To draw Indices Trading Channels on MetaTrader 4 Stock Indexes Charts use MT4 Indices Trading Charts Drawing Tools For Drawing Indices Trading Channels on MetaTrader 4 Stock Indexes Charts


The MetaTrader 4 indices trading Channels drawing tools used to draw these indices trading Channels setups on the MetaTrader 4 are located on the MT4 drawing charts toolbar within the MT4 stock indices charts, To access this MetaTrader 4 indices charts toolbar if it is not activated on your platform, Click in "View" Next to "File" at the top left corner of the MetaTrader 4 stock indexes trading platform and click "View", Then Click on "Tool bars", Then Check the "Lines Toolbar" by clicking on it.


Below is the example of the MetaTrader 4 Channels drawing charts toolbar. To draw Indices Trading Channels on a indices charts just click on this Channels drawing tool and select the point where you want to draw the upward Indices Trading Channels or downward indices trading Channels.

How to Draw Indices Trading Channels on Stock Indexes Charts on MetaTrader 4 Stock Indexes Charts

How to Draw Indices Trading Channels on Stock Indexes Charts on MetaTrader 4 Indices Charts

 

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