How Do You Draw a Trend Line Correctly on a Chart?

How Do You Draw a Trend Line Correctly on a Chart?

There are 2 types of trendlines - upwards trend-line & downwards trendline. The method of how to draw trend lines for upwards trend and how to draw trendlines for downwards trend is described below:

Draw Upward Trend-Line

To draw an upward trend line we use support levels. To plot upward trend line correctly two support areas are used as displayed on the upward trend-line example below.

How Do You Draw a Trendline on a Chart on Charts How Do You Draw Upwards Trend Line

Down-wards Trend-Line

To draw downwards trend line we use resistance areas and to draw downward trend line correctly 2 resistance areas are used as illustrated on the downwards trend-line example below.

How Do You Draw Trend Lines on Charts How Do You Draw Downwards Trend Line

How Do You Draw Trend Lines?

To draw Trend Lines on MT4 Charts use MT4 Charts Plotting Tools for Drawing Trend Lines on MT4 Charts

The MetaTrader 4 trend-line drawing tools used to plot trend lines on MetaTrader 4 are located on the MT4 drawing charts tool bar within MT4 platform, To access this MT4 charts drawing tools tool bar if it is not activated on your MT4 software, Click in 'View' Next to 'File' at the tops left corner of MetaTrader 4 platform & click 'View', Then Click on 'Tool bars', Then Check the 'Lines Tool-Bar' by clicking on it - Forex MT4 Draw Trend Line Tools - MT4 Trend Line Drawing Tools.

Shown Below is the example of the MetaTrader 4 trend-line drawing charts tool bar. To draw trendlines on a chart click on this trendline plotting tool and choose the point where you want to plot the upwards trend line or downwards trend line.

How Do You Draw Trend Lines

How Do You Draw a Trendline Correctly on a Chart?