Types of Trend Indicators
How to Draw Trendlines on MT4 Platform
The MetaTrader 4 platform software provides trendline drawing tools for drawing the trend lines in MT4 charts. To draw a trend-line on a chart on MetaTrader 4 platform software, traders can use MetaTrader 4 trend line drawing technical indicator provided on the MetaTrader 4 that's shown & displayed on the illustration illustrated and explained below.
Trend-Line Indicators for Intraday XAU/USD Trading - Types of Indicators - Trend Indicators
How to Draw Trend-Lines in the MT4 Software - Types of Technical Trend Indicators
To draw a trendline on a chart - just click MetaTrader 4 trend line drawing tool shown above on the MetaTrader 4 platform software and choose point A where you want to start and begin drawing the trend line & then point B where you want the trend line to touch. You also can right click on a trend line & on the trend line settings option select the choice/option to extend the ray by ticking "ray check box", if you do not want to extend the trendline, then uncheck this option on your MT4 software - trendline settings. You also can adjust other trendline settings such as trend-line color and trend line width on this trendline property popup window panel of the trend line settings. You can download MT4 platform/software and learn how to draw a trend-line.
Types of Trend Trading Indicators
The two analysis strategies used to trade trendlines are:
- Trend Line Break
- Trend Line Bounce
Trendline Indicators for Intraday Trade - Types of Indicators - Trend Indicators
trendline bounce - this is a trend continuation signal where price bounces from the trend line & continues heading and moving on same direction as that of the trend.
Types of Trend Trading Indicators
- In an upward trend the price will bounce and move upward after hitting this upwards trendline level which is the support area.
Upward Trend - Trend-Line Bounce - Price Support Level Provided by the Upward Trend-Line
Upward Trend - Trend-Line Bounce Indicator Analysis - Trend-Line Indicators for Intraday Trade - Types of Indicators - Trend Indicators
Types of Trend Indicators
- In a downwards trend the price will bounce & move downward after touching this downward trendline which is the resistance level.
Downward Trend - Trend-Line Bounce after Touching Resistance Zone Provided by the Downward Trend-Line
Down-wards Trend - Trend-Line Bounce Technical Indicator Analysis - Trend-Line Indicators for Intraday Trade - Types of Indicators - Trend Indicators
Trend-Line Indicators for Intraday XAU/USD Trading - Types of Indicators - Trend Indicators
trendline break this is a trend reversal where the price goes through the trend line and then starts and begins to move in the direction in the opposite trend of ruling trend.
Indicator Analysis of TrendLine Break
When an upwards trendline is broken then the trend then reverses & becomes a bearish trend.
Upward Trendline Break - Trend-Line Indicators for Intraday Trade - Types of Indicators - Trend Indicators
Indicator Analysis of Trendline Break
When a downward trend line is broken then the trend then reverses & becomes a bullish trend.
Downward Trendline Break - Trend-Line Indicators for Intraday Trade - Types of Indicators - Trend Indicators
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