How Do You Add a Oil Trendline in MT4 Software?

To add a Oil Trend Line on the MT4 platform use the MT4 oil trend lines drawing tool.

Select the MT4 oil trend line tool as shown on the MT4 example shown below - then select chart point 1 where you want to start drawing the oil trend line then select chart point 2 where you want to connect the oil trend line and then extend the oil trend line into the future crude oil prices.

MT4 Tools For Drawing Oil Trend Lines

The MT4 tools to draw these oil trend lines are located on the MT4 drawing toolbar within the MetaTrader 4, To access this toolbar if it is not activated on your MetaTrader 4 platform, Click in 'View' Next to 'File' menu at tops left corner of MetaTrader 4 and click View, Then Click on Toolbars, Then Check 'Lines Tool-bar' by clicking on it.

Shown Below is example of the MT4 oil trend-line plotting tool on MT4 charts toolbar. To draw a oil trend-line on a oil chart click this oil trend-line plotting tool and select the point where you want to draw.

How Do You Add a Oil Trend-Line in MT4 Software?

The direction of the oil trend line can either be upwards or downwards depending on the current crude oil trend.

Drawing Upwards Oil Trend Line Example

Tutorial:How to Draw & Trade Upward Oil Trend Example

How Do You Add a Oil Trend-Line on MT4 Platform? - How Do I Add a Oil Trend-Line in MT4 Software?

Drawing Downward Oil Trend Line Example

Tutorial: How to Draw and Trade Downward Oil Trend Example

Adding Oil Trend Lines on Crude Oil Charts on MetaTrader 4 Platform