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No Nonsense Indices Trendline Indicator


How to Draw Trend Lines on MetaTrader 4

The MetaTrader 4 stock indexes platform provides indices trend line drawing tools for drawing the indices trend lines on MetaTrader 4 stock indices charts. To draw a indices trend line on a indices chart on the MetaTrader 4 stock indexes platform, stock indexes traders can use the MetaTrader 4 trend line drawing tool provided on the MetaTrader 4 stock indexes trading platform that is shown on the indices example explained and illustrated below.

Best Trend Confirmation Indicator Stock Indexes - No Nonsense Indices Confirmation Indicator


How to Draw Indices Trend Lines on MetaTrader 4

How to Draw Indices Trend Lines on MetaTrader 4 - No Nonsense Indices Trendline Indicator


To draw a indices trend line on a indices chart - just click the MetaTrader 4 indices trend line drawing tool shown above on the MetaTrader 4 stock indexes platform and select point A where you want to start drawing the indices trend line and then point B where you want the indices trend line to touch. You can also right click on a indices trend line and on the indices trend line properties option select the option to extend the ray by ticking the "ray check box", if you do not want to extend the indices trend line, then uncheck this option in your MetaTrader 4 stock indexes trading platform - indices trend line properties. You can also adjust other indices trend line properties such as trend line color and trend line width on this indices trend line property popup window of the indices trend line properties. You can download MetaTrader 4 stock indexes trading platform and learn how to draw a indices trend line.



No Nonsense Indices Trendline Indicator

The two technical analysis indices strategies used to trade indices trend lines are:


  1. Indices Trend Line Break

  2. Indices Trend Line Bounce

Indices technical analysis of these two indices trend line strategies is explained in the indices examples below:

Example 1: Technical Analysis Indices Trend Lines - Best Trend Confirmation Indicator Indices

Indices trend line bounce - this is a indices trend continuation signal where the stock indexes price bounces from the indices trend line and continues moving in the same direction as that of the stock indexes trend.



Indices Upward Trend




  • In a indices upward trend the stock indexes price will bounce and move upwards after hitting this indices upward trend line level which is the support level.




Indices Upward Trend - Indices Trend Line Bounce - Indices Price Support Level Provided by the Upwards Indices Trend Line

Trend Line Bounce Technical Analysis Best Trend Confirmation Indicator Indices

Trend Line Bounce Technical Analysis - Best Trend Confirmation Indicator Stock Indexes - No Nonsense Indices Confirmation Indicator



Indices Downward Trend



  • In a indices downward trend the stock indexes price will bounce and move downwards after touching this downward trend line which is the resistance level.



Indices Downward Trend - Indices Trend Line Bounce after Touching Resistance Level Provided by the Downward Indices Trend Line

Trend Line Bounce Technical Analysis Best Trend Confirmation Indicator Indices

Trend Line Bounce Technical Analysis - Best Trend Confirmation Indicator Stock Indexes - No Nonsense Indices Confirmation Indicator



Example 2: Indices Trend Line Break Technical Analysis Indices Trend Lines - Best Trend Confirmation Indicator Indices

Indices trend line break this is a indices trend reversal stock indices signal where the stock indexes price goes through the indices trend line and begins to move in the opposite direction of the current trend.



Indices Trend Line Break

When a indices upward trend line is broken then the indices trend reverses and becomes bearish - starts moving downwards

Best Trend Confirmation Indicator Indices

Best Trend Confirmation Indicator Stock Indexes - No Nonsense Indices Confirmation Indicator



Indices Trend Line Break

when a indices downward trend line is broken then the indices trend reverses and becomes bullish - starts moving upwards

Best Trend Confirmation Indicator Indices

Best Trend Confirmation Indicator Stock Indexes - No Nonsense Indices Confirmation Indicator

 

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