How to Draw Trendlines in MetaTrader 4 - Forex MT4 Draw Trend Line Tools
The two types of trendlines are - upwards trend line and downwards trendline. The tutorial of how to draw a trendline for upward trend & how to draw a trendline for downward trend is shown below:
How to Draw Trend Line on Forex Trade Charts - Draw Upward Trend Line
To draw an upwards trendline we use support levels. To plot upward trend line correctly 2 support zones are used as illustrated on the up-wards trend line example below.
How Do I Draw a Trend Line on Charts - How Do I Draw Up-ward Trend Line - How to Draw Trendline - How to Draw Trend Lines in MetaTrader 4
How to Draw Trend-Line on Forex Trade Charts - Downward Trend Line
To draw downward trendline we use resistance levels & to draw a downwards trend line correctly two resistance zones are used as displayed on the downward trend line example below.
How Do I Draw Trend Lines on Charts - How Do I Draw Downwards Trend Line - How to Draw Trendline - How to Draw Trend Lines in MetaTrader 4
How to Draw Trend Lines on Charts - How Do I Draw Trend-Lines
To draw Trend Lines in MetaTrader 4 Charts use MT4 Charts Drawing Tools for Drawing Trend Lines in MT4 Charts
The MetaTrader 4 trendline drawing tools used to draw trendlines on the MT4 platform software can be found on the MT4 drawing charts tool bar within the MetaTrader 4 platform, To access this MetaTrader 4 charts drawing tools tool-bar if it isn't activated on your MT4 platform, Click in 'View' Next to 'File' at the top-left corner of MetaTrader 4 platform & click 'View', Then Click on 'Tool bars', Then Check the 'Lines Toolbar' by pressing on it - Forex MT4 Draw Trend Line Tools - MT4 Trendline Drawing Tools.
Shown Below is the example of MetaTrader 4 trendline drawing charts toolbar. To draw trend lines on a trading chart click on this trendline drawing tool and select the point where you want to draw the upwards trendline or downwards trend-line.
How Do I Draw Trend Line - How to Draw Trendline - How Do I Draw Trendlines in MT4? - Forex MT4 Draw Trend-Line Tools
Learn More Courses & Lessons:
- How Can I Use Linear Regression Indicator in?
- No Deposit Forex Trading Real Account
- Inverted Hammer Bullish XAU USD Candlestick Patterns
- 1:100 Leverage
- Gold Bonus: $30 No Deposit Bonus XAU USD + 50% Bonus + XAU/USD Lot Rebate
- Fibonacci Ratios Trading Indicator on MetaTrader 4 FX Charts
- Gold Trade
