Types of Trend Trading Indicators
How to Draw Trend Lines in MT4 Software
The MetaTrader 4 platform provides trend-line drawing tools for drawing the trend-lines in MT4 charts. To draw a trend line on a chart in MT4 platform, traders can use MT4 trendline drawing indicator tool provided on the MetaTrader 4 that is shown on the example illustrated & explained below.
Trend-Line Indicators for Intraday XAUUSD Trading - Types of Technical Indicators - Trend Indicators
How to Draw Trend-Lines in MT4 - Types of Technical Trend Indicators
To draw a trendline on a chart - just click MT4 trendline plotting tool shown above on the MT4 platform & choose point A where you want to start drawing the trend line and then point B where you want the trendline to touch. You also can right click on a trend line & on the trend line settings option choose the option to extend the ray by ticking "ray check box", if you do not want to extend the trendline, then untick this option in your Meta Trader 4 software - trendline settings. You also can adjust other trendline settings such as trend-line color and trend line width on this trendline property popup panel window of the trendline settings. You can download MT4 platform 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 Trading - Types of Indicators - Trend Indicators
trendline bounce - this is a trend continuation signal where the price bounces from the trend line & continues heading in same direction as that of the market trend.
Types of Trend Trading Indicators
- In an upwards trend the price will bounce and move upward after hitting this upward trend line level which is the support area.
Upwards Trend - Trend-Line Bounce - Price Support Level Provided by the Up-ward Trend Line
Upwards Trend - Trend-Line Bounce Indicator Analysis - Trend-Line Indicators for Intraday Trading - Types of Technical Indicators - Trend Indicators
Types of Trend Indicators
- In a downward trend the price will bounce & move downward after touching this downward trend line which is the resistance level.
Downwards Trend - Trend-Line Bounce after Touching Resistance Zone Provided by the Downwards Trend Line
Down-wards Trend - Trend-Line Bounce Indicator Analysis - Trend-Line Indicators for Intraday Trading - Types of Technical Indicators - Trend Indicators
Trend-Line Indicators for Intraday XAUUSD Trading - Types of Technical Indicators - Trend Indicators
trendline break this is a trend reversal where the price goes through the trend line and then starts to move in the direction opposite of current trend.
Indicator Analysis of Trend Line Break
When an upward trend line is broken then the trend then reverses & becomes a bearish trend.
Upward Trend-Line Break - Trend-Line Indicators for Intraday Trading - Types of Technical Indicators - Trend Indicators
Indicator Analysis of Trend-Line Break
When a downward trend line is broken then the trend then reverses & becomes a bullish trend.
Downward Trend-Line Break - Trend-Line Indicators for Intraday Trading - Types of Technical Indicators - Trend Indicators
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