How to Draw Indices Channels on Stock Indices Charts

There are two types of indices Channels - upward indices trend line and downward Channels. The indices trading step by step procedure of how to draw indices 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 indices price movement. This then forms a channel and as long as the stock indices price stays between these two channels the bullish market movement will continue moving up.

How to Draw Channels Indices Trading on Stock Indices 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 indices price movement. This then forms a downward indices channel and as long as the stock indices price stays between these two channels the general stock indices market indices trend direction is intact the stock indices trading market indices trend direction will continue being bearish.

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

How to Draw Indices Channels

To draw Indices Channels on MetaTrader 4 Stock Indices Charts use MT4 Indices Charts Drawing Tools for Drawing Indices Channels on MetaTrader 4 Stock Indices Charts

The MetaTrader 4 indices Channels drawing tools used to draw these indices 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 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 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 Channels on a indices charts just click on this Channels drawing tool and select the point where you want to draw the upward Indices Channels or downward indices Channels.

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