There are two types of indices trend lines - upward indices trend line and downward indices trend line. The procedure of how to draw indices trend lines for upward indices trend and how to draw indices trend lines for downward indices trend is explained below:
How To Draw Indices Trend Line for Intraday Trading
To draw an upward indices trend line we use support levels. To draw upward indices trend line correctly two support levels are used as shown on the upward indices trend line example explained and illustrated below - How To Draw a Trend Line for Intraday Trading.
How to Draw Upward Indices Trend Line
How To Draw Indices Trend Line for Intraday Trading
To draw downward indices trend line we use resistance levels and to draw downward indices trend line correctly two resistance levels are used as shown on the downward indices trend line example explained and illustrated below - How To Draw a Trend Line for Intraday Trading.
How To Draw Trend Lines on Stock Indexes Charts - How to Draw Indices Downward Trend Line
How To Draw Trend Lines for Intraday Trading
To draw Indices Trend Lines for Intraday Trading on MT4 Stock Indexes Charts use MetaTrader 4 Indices Trading Charts Drawing Tools For Drawing Indices Trend Lines on MetaTrader 4 Stock Indexes Charts
The MetaTrader 4 indices trend line drawing tools used to draw indices trend lines on the MetaTrader 4 are located on the MT4 drawing charts toolbar within the MetaTrader 4 stock indexes platform, To get this MetaTrader 4 indices charts drawing tools toolbar if it is not activated on your MetaTrader 4 stock indexes 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 "Indices Tool bars", Then Check the "Indices Lines Toolbar" by clicking on it - Stock Indexes MetaTrader 4 Draw Indices Trend Line Tools for Intraday Trading - Stock Indexes MT4 Trend Line Drawing Tools.
Below is the example of the MetaTrader 4 indices trend line drawing charts indices toolbar. To draw indices trend lines on a indices chart just click on this indices trend line drawing tool and select the point where you want to draw the upward indices trend line or downward indices trend line.
How To Draw Indices Trend Lines for Intraday Trading - How To Draw a Trend Line for Intraday Trading for Intraday Indices Trading
