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 Stock Indices Trendline 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 trend line example explained and illustrated below - How to Draw a Trend Line for Intraday Trading.
How to Draw Upward Stock Indices Trendline
How to Draw Stock 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 Indices 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 Indices Charts use MetaTrader 4 Charts Drawing Tools for Drawing Indices Trend Lines on MetaTrader 4 Stock Indices 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 platform, To get this MetaTrader 4 charts drawing tools toolbar if it is not activated on your MetaTrader 4 platform, Click in "View" Next to "File" at the top left corner of the MetaTrader 4 platform and click "View", Then Click on "Indices Tool bars", Then Check the "Indices Lines Toolbar" by clicking on it - Stock Indices MetaTrader 4 Draw Indices Trend Line Tools for Intraday Trading - Stock Indices 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 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
