How to Draw MT4 Channel Indicator
An upwards gold channel is drawn by plotting 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 and as long as the trading price stays between these 2 channels the bullish market gold trend movement will continue heading upwards - bullish xauusd trend.
How to Draw MetaTrader 4 Up Gold Trend Channel Indicator - Upwards Channel Indicator MetaTrader 4 Technical Indicator
How to Draw MT4 Up Gold Trend Channel Indicator - Technical Analysis of Upward Channel Indicator MT4
Technical Analysis of Upward Channel Indicator MetaTrader 4 - This MetaTrader 4 up gold trend 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 and wait for another retracement before opening a buy gold trade again.
MT4 Channel Indicator Tools for Drawing Upward XAUUSD Channel
The tools to draw these a gold upwards channel in MetaTrader 4 platform, MetaTrader 4 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 MT4 platform, Click in "View" Next to "File" on the top left corner of MetaTrader 4 & click View, Then Click on Toolbars, Then Check the "Lines Tool Bar" by clicking on it.
Below is example of MetaTrader 4 Channel Indicator Drawing Tool on MT4 Charts Tool Bar. To draw a channel on a gold chart click on this MetaTrader 4 Channel Trading Indicator tool and select the point where you want to plot the upward channel on the xauusd chart.
MetaTrader 4 Gold Channel Drawing Indicator
MetaTrader 4 Channel Indicator Tools for Drawing Upward Gold Channel - How to Draw MetaTrader 4 Up Gold Trend Channel Technical Indicator
