Trade Gold Trading

Types of Trend Indicators

How to Draw Trendlines on MT4 Platform

The MetaTrader 4 platform provides trendline drawing tools for drawing the trend lines in MT4 charts. To draw a trend-line on a chart on MetaTrader 4 platform, 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 Indicators for Intraday XAU/USD Trading: Types of Trend-Following Indicators

Intraday Trend Line Tools Guide - XAUUSD Buy Sell Signals and Exit Tips

Instructions on Charting Trend Lines Within the MT4 Software - An Overview of Technical Trend Identification Tools.

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:

  1. Trend Line Break
  2. Trend Line Bounce

analysis of these two trend line strategies is expounded in the illustrations below:

Classification of Trend Indicators: Various Types of Indicators Used for Intraday Trading

Trendline bounce means prices touch the line and keep going in the trend's direction. It signals the trend will continue.

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.

Uphill Trajectory - Identifying a Trend Line Bounce where the Rising Trend Line provides a floor of support for the price.

Types of Indicators - How Do I Analyze an Upwards Trend Signals?

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 occurs after reaching the Resistance Zone dictated by the Downward Trend-Line.

Analyzing Downwards Trend Signals – What to Look For in Your Trading Chart

Downward trends use trend-line bounce analysis. This covers trend-line indicators for intraday trades and types of trend indicators.

Trend-Line Indicators for Intraday XAU/USD Trading - Types of Indicators - Trend Indicators

A trendline break signals a trend reversal. The price crosses the trend line and starts moving against the current trend.

Indicator Analysis of TrendLine Break

Breaking an upward trendline signals a reversal of the trend, shifting from bullish to bearish.

Analyze Broken Upward Trendline Trades - Upward Trendline Break Signals

Break of an Upward Trendline - Indicators for Trend-Lines in Intraday Trading - Types of Trend Indicators

Indicator Analysis of Trendline Break

A reversal to an upward trend is confirmed once a descending trend line experiences a breach.

Types of Trend Indicators - Reading Trend Lines and Price Crossovers

Downward Trendline Breach and Its Implications - Trend-Line Indicators Essential for Intraday Trading - Categorization of Indicators Including Trend Indicators

Get More Tutorials:

Gold Broker