How to Draw Trendlines on MetaTrader 4

There are two types of trendlines - upward trendline & downwards trendline. The guide of how to draw trendlines for upward trend & how to draw trendlines for downward trend is described below:

How to Draw Trendline on Charts

To draw an upwards trendline we use support zones. To draw upward trendline correctly two support areas are used as shown on the upward trendline examples explained & illustrated below.

How to Draw Upward Trendline

How to Draw Trendline on Charts

To draw downward trendline we use resistance zones and to draw downward trendline correctly two resistance areas are used as shown on the downward trendline examples explained & illustrated below.

How to Draw Trend-Lines on Charts - How to Draw Downward Trendline

How to Draw Trendlines on Charts

To draw Trendlines in Meta Trader 4 Charts use MT4 Charts Drawing Tools for Drawing Trendlines in Meta Trader 4 Charts

The MetaTrader 4 trendline drawing tools used to draw trendlines on the MetaTrader 4 are located on the MT4 drawing charts toolbar within the MetaTrader 4 platform, To get this MetaTrader 4 charts drawing tools toolbar if it is not activated on your MT4 software, Click in 'View' Next to 'File' menu at the tops left corner of the MetaTrader 4 software and click 'View', Then Click on the 'Tool Bars' button, Then Check the 'Lines Toolbar' by clicking on it - Stock MetaTrader 4 Draw Trendline Tools - Stock Indices MT4 Trendline Drawing Tools.

Shown Below is example of MT4 trendline plotting charts toolbar. To draw trendlines on a chart click this trend line plotting tool and select the point where you want to plot the upward trendline or downward trend line.

How to Draw Trendlines Stock Indices - How to Draw Trend-Lines in Meta Trader 4 - Stock Indices MT4 Draw Trendline Tools