How to Draw Indices Trend Lines on Stock Indices Charts

There are two types of indices trend lines - upward indices trend line and downward indices trend line. The indices trading step by step procedure of how to draw indices trend lines for upward indices trend downward indices trend is explained below:

Indices Trading Up Ward Indices Trend Line

To draw this upward indices trend line setup we use supports. To draw it correctly two support levels are needed as shown on the stock indices trading example explained and illustrated below.

How to Draw Indices Trading Up Ward Indices Trend Line

Indices Trading Down Ward Indices Trend Line

To draw downwards indices trends we use resistance levels and to do it correctly two resistances are needed as shown on the stock indices trading example explained and illustrated below.

How to Draw Indices Trading Down Ward Indices Trend Line

How to Draw Indices Trend Lines

To draw Indices Trend Lines on MetaTrader 4 Stock Indices Charts use MT4 Indices 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 these indices trend line 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 - Indices Trading MT4 Draw Line Tools - Indices Trading MT4 Drawing Tools.

Below is the example of the MetaTrader 4 indices trend line drawing charts toolbar. To draw a indices trend line on a stock 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 a downward indices trend line.

How to Draw Indices Trend Lines on Stock Indices Charts on MetaTrader 4 Indices Charts