How to Draw MT4 Gold Trading Platform Channel Indicator
MT4 Channel Indicator Tools for Drawing XAUUSD Channel
The tools to draw these a gold channel on MT4 platform, MT4 are located on the MT4 chart drawing indicators toolbar within the MT4, To access this chart indicator toolbar if it is not activated on your MetaTrader 4 platform, Click in 'View' Next to 'File' at top-left corner of MetaTrader 4 & 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 tool and select the point where you want to plot the channel on the xauusd chart.
MetaTrader 4 Gold Trendline Drawing Technical Indicator
MetaTrader 4 Channel Indicator Tools for Drawing Gold Channel - How to Draw MT4 Channel Technical Indicator
MetaTrader 4 Channel Indicator is one of the technical analysis tool in MT4 Chart Tools in the MT4 Charts Tool-Bar.
How to Draw MetaTrader 4 Channel Indicator
An upward gold channel is drawn by drawing a line that is parallel to the upward trend line & then adjusted to touch the tops boundary of the xauusd price movement. This then forms a channel & as long as the price stays between these 2 channels the bullish market gold trend movement will continue heading up - bullish xauusd trend.
Upwards Channel - How to Draw MT4 Channel Technical Indicator
How to Draw MetaTrader 4 Channel Indicator - Technical Analysis of Upward Channel Indicator MetaTrader 4
Technical Analysis of Upwards Channel Indicator MT4 - This MT4 channel is used by traders to show levels where it best to take profits. Traders will take some profit once the xauusd price touches the upper channel & wait for another retracement before opening a buy gold trade again.
How to Draw MetaTrader 4 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 market gold trend direction is intact the xauusd market direction will continue being bearish - bearish xauusd trend.
How to Draw Downwards Channel - How to Draw MT4 Channel Technical Indicator - Technical Analysis of Downward Channel Indicator MT4
How to Draw MetaTrader 4 Channel Gold Indicator - Technical Analysis of Downward Channel XAUUSD Indicator MetaTrader 4
Technical Analysis of Downward Channel Indicator MetaTrader 4 - The downwards gold channel is used by 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.
