How Do I Draw Commodities Upward Commodities Trend Line in MT4 Platform?
How to Draw Commodities Upward Commodities Trendlines on MT4 Software
MT4 Commodity Trading Platform Trendline Drawing Tools For Drawing Commodity Trend Lines on MetaTrader 4 Commodity Trading Charts
The MT4 commodity trend line drawing tools used to plot these commodity trend line setups on the MT4 are located on the MT4 drawing charts tool bar within MetaTrader 4 commodities platform, To get this MetaTrader 4 charts toolbar if it is not activated on your platform, Click in "View" Next to the "File" menu at top left corner of the MT4 commodities trading software and click "View", Then Click on "Tool Bars", Then Check the "Lines Toolbar" by clicking on it.
Below is the example of MT4 commodity trend-line drawing charts tool-bar. To draw an upward commodity trendline on a commodity chart just click on this commodity trendline plotting tool & select the point where you want to plot the upward commodity trend line.
How to Draw Commodities Upward Commodities Trendlines on MT4 Platform
Drawing a Commodities Trendline on MT4 Software
When market moves up it forms higher highs & higher lows forming a bullish market movement. An upward commodity trendline can then be plotted by connecting these higher lows.
To draw this upward commodity trend setup we use supports. To draw it correctly two support areas are needed as shown and illustrated on the commodity examples illustrated & described below.
Drawing a Commodities Trend Line - Commodities Up Ward Commodities Trend Line in MT4 Platform
Drawing a Commodities Channel on MT4 Software
A commodity channel is drawn by plotting a line that is parallel to the upward commodity trend line and then adjusted to touch the tops boundary of the commodities price movement. This then forms an upwards channel & as long as the commodities price stays between these two trend channels the bullish upward market movement will continue heading upwards.
Drawing a Commodity Channel - Commodities Up Ward Channel on MetaTrader 4 Platform
How to Draw Commodities Upward Commodities Trendlines on MT4 Software - Commodities Trend Lines and Channels
