There are two types of indices trendlines - upward trend line & downwards indices trend line. Guide of how to draw indices trendlines for up-ward trend & how to draw indices trendlines for down-wards indices trend is described below:
How to Draw Trendline for Intraday Trading
To draw an upward trendline we use support levels. To plot upwards indices trend line correctly 2 support areas are used as displayed on the up-wards trendline example explained and illustrated below - How to Draw a Trend Line for Intraday Trading.
How to Draw Upwards Trendline
How to Draw Trendline for Intraday Trading
To draw downwards indices trendline we use resistance zones & to draw downwards indices trend line correctly two resistance areas are used as illustrated on the downwards indices trend line example explained and illustrated below - How to Draw a Trend Line for Intraday Trading.
How to Draw Trend Lines on Stock Charts - How to Draw Downwards Trendline
How to Draw Trend Lines for Intraday Trading
To draw Trendlines for Intraday Trading on MetaTrader 4 Stock Charts use MT4 Charts Drawing Tools for Drawing Trendlines in MetaTrader 4 Stock Charts
The MT4 trendline drawing tools used to plot indices trendlines in MetaTrader 4 are located on the MT4 drawing charts toolbar within the MT4 platform, To get this MetaTrader 4 charts drawing tools toolbar if it is not activated on your MT4 software, Click in "View" Next to the "File" menu at the top left corner of the MetaTrader 4 software and click "View", Then Click on "Indices Tool bars", Then Check the "Indices Lines Toolbar" by clicking on it - Stock MetaTrader 4 Draw Trendline Tools for Intraday Trading - Stock MetaTrader 4 Trend Line Drawing Tools.
Shown Below is example of MT4 trendline drawing charts indices toolbar. To draw indices trendlines on a indices chart click this indices trend line plotting tool & select point where you want to plot the upward trendline or downwards indices trend line.
How to Draw Trendlines for Intraday - How to Draw Trend Line for Intraday Trading for Intraday Indices Trading
What's a Trade Plan? - Written Plan Example Template
Alternatives: Automated EA Trading or Copy and Paste Signals
