How to Draw MT4 Channel Indicator
A downwards gold channel is drawn by drawing a line that is parallel to the downwards gold trendline & then adjusting it to touch the bottoms boundary of the xauusd price movement. This then forms a gold channel and as long as price stays between these 2 channels the general gold market trend direction is intact - the xauusd market direction will continue being bearish - bearish xauusd trend.
How to Draw MT4 Down Gold Trend Channel Indicator - Downward Channel Indicator MT4 Technical Indicator
How to Draw MetaTrader 4 Channel Gold Indicator - Technical Analysis of Downward Channel Gold Indicator MetaTrader 4
Technical Analysis of Downward Channel Indicator MetaTrader 4 - The downwards gold trend channel is used by online xauusd traders to show levels where it best to take profits. Traders will take some profit once the xauusd price touches the lower channel or the lower channel & wait for another retracement before opening a sell gold trade again.
MT4 Channel Indicator Tools for Drawing Downward XAUUSD Channel
MT4 Gold Trend Indicators - the tools to draw these a gold downwards channel on MT4 platform, MT4 platform are located on the MT4 gold chart drawing indicators toolbar within the MT4 platform, To access this MT4 gold chart indicator toolbar if it is not activated on your MetaTrader 4 software, Click in 'View' Next to 'File' at the top left corner of MetaTrader 4 platform and click View, Then Click on Toolbars, Then Check the 'Lines Toolbar' by clicking on it.
Shown Below is examples of MT4 Channel Indicator Drawing Tool in MetaTrader 4 Charts Tool Bar. To draw a channel on a gold chart click on this MetaTrader 4 Channel Technical Indicator gold trading tool and select the point where you want to plot the downward gold channel on the xauusd chart.
MetaTrader 4 Channel Indicator Tools for Drawing Downward Gold Channel
