Trend Indicators Free Indicators of Buy & Sell Signals

How to Draw Trend Lines in MetaTrader 4 Platform Software

The MetaTrader 4 platform software 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 depicted & described below.

Indicator Accurate Trend Analysis - Confirmation Indicator MT4 Platform & Reversal Indicator MT4

How Do I Draw Trend-Lines in MT4 - Trend Indicators Free Indicators of Buy & Sell Signals

To draw a trend line on a chart - just click MT4 trend line plotting tool shown above on the MT4 platform & choose point A where you want to start drawing the trend line & then point B where you want the trend line to touch. You also can right click on a trendline & on the gold trend line settings option select the option to extend the ray by ticking the "ray check box", if you don't want to extend the trend line, then untick this option in your Meta Trader 4 platform - trend line settings. You also can adjust other trendline settings such as trend line color & trend line width on this trendline property tab of the trend line settings. You can download MetaTrader 4 software & learn how to draw a trend line.

Trend Indicators Free Indicators of Buy & Sell Signals

The two analysis strategies used to trade trend lines are:

1. Trend Line Break Reversal Signal
2. Trend-Line Bounce

Gold analysis of these two trend-line strategies is described in the trading examples below:

Indicator Trend Analysis - Confirmation Indicator & Reversal Indicator MT4

trendline bounce - this is a trading trend continuation signal where the price bounces from the trend line & continues heading in same direction as that of the xauusd trend.

Up Trend

• In an upwards trend the xauusd price will bounce and move upward after hitting this upward trend line level which is the support area.

Up Trend - Trend-Line Bounce - Price Support Level Provided by the Up-ward Trend Line

Up Trend - Trend-Line Bounce Indicator Analysis - Indicator Accurate Trend Analysis - Confirmation Indicator MT4 Platform & Reversal Indicator MT4

Down Trend

• In a downward trend the xauusd price will bounce & move downward after touching this downward trend line which is the resistance level.

Down Trend - Trend-Line Bounce after Touching Resistance Zone Provided by the Downwards Trend Line

Down Trend - Trend-Line Bounce Indicator Analysis - Indicator Accurate Trend Analysis - Confirmation Indicator MT4 Platform & Reversal Indicator MT4

Indicator Trend Analysis - Confirmation Indicator & Reversal Indicator Meta Trader 4

trend line break this is a trend reversal signal where the price goes through the trend line and then starts to move in the opposite direction of the current xauusd trend.

Up Trend

When an upward trend line is broken then the trend then reverses & becomes a downward xauusd trend.

Up Trend Line Break Reversal Signal - Indicator Accurate Trend Analysis - Confirmation Indicator MT4 Platform & Reversal Indicator MT4

Down Trend

When a downward trend line is broken then the trend then reverses & becomes an upwards xauusd trend.

Down Trend Line Break Reversal Signal - Indicator Accurate Trend Analysis - Confirmation Indicator MT4 Platform & Reversal Indicator MT4